Leidos Holdings, Inc. (LDOS) Q3 2022 Results - Earnings Call Transcript

Leidos Holdings, Inc. (NYSE:LDOS) Q3 2022 Results Earnings Conference Call November 1, 2022 8:00 AM ET

Company Participants

Stuart Davis - Senior Vice President of Investor Relations

Roger Krone - Chairman and Chief Executive Officer

Chris Cage - Chief Financial Officer

Conference Call Participants

Gavin Parsons - Goldman Sachs

Robert Spingarn - Melius Research

Spencer Breitzke - Cowen and Company, LLC

Eric Yan - Wells Fargo Securities

Peter Arment - Robert W. Baird

Colin Canfield - Barclays Capital

Bert Subin - Stifel

Ellen Page - Jefferies

Mariana Perez Mora - Bank of America Global Research

Tobey Sommer - Truist Securities

Ken Herbert - RBC Capital Markets

Operator

Greetings. And welcome to the Leidos Quarter Three 2022 Earnings Conference Call. At this time, all participants are in a listen-only mode. A brief question-and-answer session will follow the formal presentation. [Operator instructions]. As a reminder, this conference is being recorded.

It is now my pleasure to introduce your host Stuart Davis, Senior Vice President, Investor Relations. Thank you, sir. You may begin.

Stuart Davis

Thank you, Maria. And good morning, everyone. I'd like to welcome you to our third quarter 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'll use during today's call.

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, during the call 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, I'll turn the call over to Roger Krone, who will begin on slide four.

Roger Krone

Thank you, Stuart. And thank you all for joining us this morning. Our third quarter results demonstrate the momentum in our business as we continue to report revenue growth at the upper end of our guidance across our diversified portfolio. In addition, our dedicated team delivered earnings in excess of our forecast and generated the highest quarterly cash flow from operations in our history. These results position us well to deliver on our full year financial targets as we make the world safer, healthier and more efficient.