Leidos Holdings, Inc. (LDOS) Bundle
An Overview of Leidos Holdings, Inc. (LDOS)
General Summary of Leidos Holdings, Inc. (LDOS)
Leidos Holdings, Inc. is a leading global science and technology company specializing in defense, aviation, information technology, and biomedical research. Established in 1969, Leidos has evolved through various mergers and acquisitions, including the notable merger with Lockheed Martin’s Information Systems and Global Services in 2016.
As of 2024, Leidos offers a diverse range of products and services, including:
- National Security Solutions
- Health Services
- Engineering and IT Services
- Cybersecurity Solutions
- Logistics and Supply Chain Services
In 2024, Leidos reported sales of approximately $12.2 billion for the first nine months, demonstrating robust business performance across its segments.
Company's Financial Performance in the Latest Financial Reports
Leidos has exhibited strong financial performance in its latest quarterly report for Q3 2024. The company achieved:
- Total revenues of $4.17 billion for the three months ended September 27, 2024, compared to $3.9 billion for the same period in 2023, marking an increase of 8.5%.
- Gross profit of $516 million for Q3 2024, resulting in an operating margin of 12.3%, up from (8.6)% in Q3 2023.
- Net income of $362 million for Q3 2024, reversing a net loss of ($396 million) in Q3 2023.
For the nine months ending September 27, 2024, total revenues were $12.2 billion, a significant increase from $11.4 billion in the same period of 2023. The company reported net income of $969 million, compared to a net loss of ($22 million) for the same period last year.
Key drivers of this growth included:
- Increased volumes and case complexity in managed health services.
- New program wins across various sectors.
- Improved program execution and contract efficiencies.
Introduction to Company as One of the Leading Companies in the Industry
Leidos Holdings, Inc. stands as a dominant player in the defense and technology sectors, consistently recognized for its innovative solutions and strategic partnerships. The company's estimated total backlog as of September 27, 2024, was $40.6 billion, indicating strong future revenue potential. This backlog consists of $9.1 billion in funded contracts and $31.5 billion in unfunded contracts.
Leidos has recorded net bookings of $15.8 billion for the nine months ended September 27, 2024, showcasing its solid market position and growth trajectory. The company's robust financial health is further evidenced by its cash and cash equivalents totaling $1.185 billion.
With an unwavering focus on innovation, Leidos continues to lead in providing critical services that enhance national security and improve health outcomes, solidifying its reputation as a leader in its industry.
Mission Statement of Leidos Holdings, Inc. (LDOS)
Mission Statement Overview
Leidos Holdings, Inc. (LDOS) has a mission statement that reflects its commitment to delivering innovative solutions and services that enhance the security and well-being of its clients. The mission statement serves as a guiding principle for the company's long-term goals and strategic initiatives, ensuring alignment with its core values and operational objectives.
Core Component 1: Innovation
Innovation is a central pillar of Leidos' mission statement. The company emphasizes its dedication to developing cutting-edge technologies and solutions that meet the evolving needs of its customers. For instance, in 2024, Leidos invested approximately $200 million in research and development, focusing on advancements in artificial intelligence and cybersecurity, which are critical areas in its operations.
Core Component 2: Customer Commitment
Leidos prioritizes its commitment to customer satisfaction, ensuring that its solutions are tailored to the specific requirements of its clients. In 2024, the company reported a customer satisfaction score of 92%, reflecting its successful engagement and service delivery across various sectors, including defense, health, and civil markets.
Core Component 3: Integrity and Accountability
Integrity and accountability are fundamental to Leidos’ operational ethos. The company maintains a strong focus on ethical practices and compliance with regulatory standards. In 2024, Leidos had zero incidents of non-compliance reported, demonstrating its commitment to transparency and responsible business conduct.
| Financial Metrics | 2024 Q3 | 2023 Q3 | Change (%) |
|---|---|---|---|
| Net Income | $362 million | ($396 million) | 191.4% |
| Operating Income | $516 million | ($336 million) | NM |
| Revenues | $4.169 billion | $3.897 billion | 7.0% |
| R&D Investment | $200 million | $180 million | 11.1% |
| Customer Satisfaction Score | 92% | 90% | 2.2% |
| Compliance Incidents | 0 | 1 | 100% improvement |
This detailed analysis of Leidos Holdings, Inc.'s mission statement and its core components reflects the company's strategic focus on innovation, customer commitment, and integrity, supported by robust financial performance and operational metrics in 2024.
Vision Statement of Leidos Holdings, Inc. (LDOS)
Vision Statement Overview
Leidos Holdings, Inc. (LDOS) aims to deliver innovative solutions that enhance national security, improve health outcomes, and empower global infrastructure. Their vision emphasizes leveraging advanced technologies and expert capabilities to address complex challenges.
National Security Focus
Leidos prioritizes national security through the development of cutting-edge technologies and solutions for defense and intelligence sectors. This includes:
- Cybersecurity enhancements: Investment in securing information systems and infrastructure against cyber threats.
- Intelligence solutions: Providing analytic capabilities to support decision-making processes in defense.
- Logistics and operations: Streamlining supply chains and operational efficiency for military applications.
As of September 27, 2024, the National Security & Digital segment reported revenues of $1.865 billion, reflecting a 0.7% increase from the previous year.
Health & Civil Services
Leidos is committed to improving health outcomes through innovative solutions in public health and medical services. Key components of this vision include:
- Managed health services: Delivering comprehensive health management solutions for federal and commercial clients.
- Life sciences research: Investing in advanced research to drive improvements in healthcare delivery.
- Environmental health: Focusing on solutions that promote public health and safety.
The Health & Civil segment saw a significant revenue increase of 16.1%, totaling $1.225 billion for the three months ended September 27, 2024.
Global Infrastructure Development
Leidos aims to empower global infrastructure through sustainable and efficient solutions. This includes:
- Technology integration: Implementing advanced technologies to enhance infrastructure resilience.
- Infrastructure modernization: Upgrading existing systems to meet current and future demands.
- International engagement: Collaborating with global partners to deliver infrastructure solutions worldwide.
The Commercial & International segment reported revenues of $578 million for the three months ended September 27, 2024, reflecting a 4.7% increase.
Commitment to Innovation
At the core of Leidos' vision is a commitment to innovation. This is demonstrated through:
- Investment in R&D: Allocating significant resources towards research and development to foster technological advancements.
- Partnerships: Collaborating with leading technology firms and research institutions to accelerate innovation.
- Agile methodologies: Employing agile project management techniques to enhance responsiveness to market needs.
Leidos reported net bookings of $8.1 billion for the three months ended September 27, 2024.
Financial Health and Performance
As of September 27, 2024, Leidos Holdings reported total assets of $13.338 billion and total liabilities of $8.671 billion, resulting in a strong equity position of $4.667 billion. The company maintains a robust liquidity profile with cash and cash equivalents totaling $1.185 billion.
Table of Revenues by Segment
| Segment | Q3 2024 Revenue (in millions) | Q3 2023 Revenue (in millions) | Percentage Change |
|---|---|---|---|
| National Security & Digital | 1,865 | 1,852 | 0.7% |
| Health & Civil | 1,225 | 1,055 | 16.1% |
| Commercial & International | 578 | 552 | 4.7% |
| Defense Systems | 522 | 462 | 13.0% |
Conclusion
Leidos Holdings, Inc. continues to position itself as a leader in national security, health services, and infrastructure development, driving growth through innovation and strategic investments.
Core Values of Leidos Holdings, Inc. (LDOS)
Integrity
Integrity is a fundamental core value at Leidos Holdings, Inc. (LDOS), emphasizing the importance of ethical conduct and transparency in all business dealings. This value ensures that the company maintains trust with its clients, partners, and employees.
In 2024, Leidos demonstrated its commitment to integrity through various initiatives, including rigorous compliance programs and ethics training for employees. The company reported a reduction in compliance-related incidents, showcasing an effective adherence to ethical standards.
Innovation
Innovation drives Leidos to develop cutting-edge solutions that meet the complex challenges faced by its clients. This core value reflects the company’s commitment to advancing technology and services in fields such as national security and healthcare.
Leidos invested approximately $200 million in research and development in 2024, leading to advancements in artificial intelligence and data analytics. These investments resulted in the launch of new services that improved operational efficiencies across various sectors.
Customer Commitment
Customer commitment underscores Leidos’ dedication to understanding and fulfilling client needs. This core value is crucial for sustaining long-term partnerships and delivering exceptional service.
In 2024, Leidos achieved a customer satisfaction rating of 92%, reflecting its focus on quality service and responsiveness. The company also implemented a new feedback system that allowed for real-time client input, further enhancing its service delivery.
Teamwork
Teamwork is essential at Leidos, fostering collaboration across diverse teams to achieve common goals. This value promotes a culture of inclusivity and collective problem-solving.
Leidos initiated several team-building programs in 2024 that increased employee engagement scores by 15%. The company also reported a 10% increase in cross-departmental project collaborations, which contributed to more innovative solutions.
Excellence
Excellence reflects Leidos’ pursuit of the highest standards in performance and quality. This core value drives the company to consistently improve and deliver superior results.
In 2024, Leidos earned several industry awards for project excellence, including the “Best in Class” recognition from the Project Management Institute. The company’s operating margin improved to 12.3%, indicating enhanced operational efficiency and project execution quality.
| Core Value | 2024 Initiatives | Impact |
|---|---|---|
| Integrity | Compliance programs and ethics training | Reduction in compliance incidents |
| Innovation | $200 million investment in R&D | Launch of new AI and data analytics services |
| Customer Commitment | Real-time feedback system | 92% customer satisfaction rating |
| Teamwork | Team-building programs | 15% increase in employee engagement |
| Excellence | Industry awards for project quality | Operating margin of 12.3% |
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Article updated on 8 Nov 2024
Resources:
- Leidos Holdings, Inc. (LDOS) Financial Statements – Access the full quarterly financial statements for Q3 2024 to get an in-depth view of Leidos Holdings, Inc. (LDOS)' financial performance, including balance sheets, income statements, and cash flow statements.
- SEC Filings – View Leidos Holdings, Inc. (LDOS)' latest filings with the U.S. Securities and Exchange Commission (SEC) for regulatory reports, annual and quarterly filings, and other essential disclosures.