Leidos Holdings, Inc. (LDOS) Q4 2022 Earnings Call Transcript

Leidos Holdings, Inc. (NYSE:LDOS) Q4 2022 Earnings Conference Call February 14, 2023 8:00 AM ET

Company Participants

Stuart Davis - SVP of IR

Roger Krone - Chairman & CEO

Chris Cage - CFO

Conference Call Participants

Robert Spingarn - Melius Research

Sheila Kahyaoglu - Jefferies

Bert Subin - Stifel

Matt Akers - Wells Fargo

Peter Arment - Robert W. Baird

Seth Seifman - JPMorgan

Kenneth Herbert - RBC Capital Markets

Cai von Rumohr - Cowen & Company

Jason Gursky - Citigroup

Louie DiPalma - William Blair

Operator

Greetings. Welcome to the Leidos Fourth Quarter 2022 Earnings Call. At this time, all participants will be in listen-only mode. A question-and-answer session will follow the formal presentation. [Operator Instructions] Please note, this conference is being recorded.

At this time, I’ll turn the conference over to Stuart Davis, from Investor Relations. Mr. Davis, you may now begin.

Stuart Davis

Thank you, Rob, and good morning, everyone. I'd like to welcome you to our fourth quarter and fiscal year 2022 earnings conference call. Joining me today are Roger Krone, our Chairman and CEO, and Chris Cage, our Chief Financial Officer. Today's call is being webcast on the Investor Relations portion of our website, where you'll also find the earnings release and supplemental financial presentation slides that we're using today.

Turning to Slide 2 of the presentation. Today's discussion contains forward-looking statements based on the environment as we currently see it and, as such, does include risks and uncertainties. Please refer to our press release for more information on the specific risk factors that could cause actual results to differ materially.

Finally, as shown on Slide 3, we'll discuss GAAP and non-GAAP financial measures. A reconciliation between the two is included in today's press release and presentation slides.

With that, let me turn the call over to Roger Krone, who will begin on Slide 4.

Roger Krone

Thank you, Stuart and thank you all for joining us this morning. [indiscernible], by the way, Happy Valentine's Day. The fourth quarter marked a strong finish to a banner year for Leidos with record revenue and non-GAAP diluted EPS driving us to the top end of our revenue guidance range and beyond our EPS guidance range for the year.

Our performance validated that our diversified and resilient portfolio and our investments in technology and innovation are positioning us for growth in key customer missions including digital modernization, cyber, hypersonics and force protection. Each and every day, our 45,000 people are helping our customers execute on important missions and meet the world's most complex challenges.