Europe
Kratos Defense Q4 Earnings and Revenues Rise
• Kratos Defense & Security Solutions, Inc. reported Q4 2024 adjusted earnings of 13 cents per share, up 8.3% from the prior-year quarter.
• The company’s GAAP earnings were three cents per share, compared to two cents in the fourth quarter of 2023.
• The company reported 2024 adjusted earnings of 49 cents per share, higher than the year-ago figure of 42 cents.
• The full-year bottom line also surpassed the Zacks Consensus Estimate of 46 cents per share.
• Total revenues were $283.1 million, which missed the Zacks Consensus Estimate of $288 million by 1.8%.
• The year-over-year improvement can be attributed to the revenue growth of the Unmanned Systems and Kratos Government Solutions segments.
• The company reported total revenues of $1.14 billion in 2024, higher than $1.04 billion in 2023.
• KTOS’ operating expenses increased 1.1% year over year, with research and development expenses rising 32.5%.
• The company reported operating income of $3 million, which declined from the year-ago quarter’s $11.7 million.
• The total backlog at the end of the fourth quarter was $1.45 billion compared with $1.29 billion at the end of the third quarter of 2024.
• KTOS has introduced its 2025 guidance, with first-quarter 2025 revenues in the range of $285-$295 million.
• The company’s Zacks Rank is currently #2 (Buy).
