Leidos Holdings, Inc. (LDOS) CEO Roger Krone on Q1 2022 Results - Earnings Call Transcript

Call Start: 08:00 January 1, 0000 9:04 AM ET

Leidos Holdings, Inc. (NYSE:LDOS)

Q1 2022 Earnings Conference Call

May 3, 2022, 8:00 AM ET

Company Participants

Roger Krone – Chairman and Chief Executive Officer

Christopher Cage – Executive Vice President and Chief Financial Officer

Stuart Davis – Senior Vice President and Investor Relations

Conference Call Participants

Peter Arment – Baird

Sheila Kahyaoglu – Jefferies

Cai von Rumohr – Cowen & Co.

Robert Spingarn – Melius Research

Gavin Parsons – Goldman Sachs

Seth Seifman – JPMorgan

Bert Subin – Stifel

Matthew Akers – Wells Fargo

Colin Canfield – Barclays

Mariana Perez Mora – Bank of America

Operator

Greetings. Welcome to Leidos’ First Quarter 2022 Earnings Call. At this time, all participants are in a listen-only mode. A question-and-answer session will follow the formal presentation. If anyone today should require Operator assistance during the conference, [Operator instructions]. Please note, this conference is being recorded. At this time, I'll turn the conference over to Stuart Davis, Senior Vice President, Investor Relations. Stuart, you may now begin.

Stuart Davis

Thank you, Rob. And good morning, everyone. I'd like to welcome you to our first 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 will 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 4.

Roger Krone

Thank you, Stuart and thank you all for joining us this morning. Our first quarter marked a strong start to 2022 with record levels of revenue, backlog and backlog standing from our leadership position in the government technology market. We continue to build our reputation and track record of performance in digital technology, cyber and innovation -- innovative systems across our diversified, resilient business portfolio. Our strong first quarter results and the improving federal budget picture increase our confidence in delivering on our full year financial commitments.