Leidos (NYSE: LDOS) reported Q2 EPS of $1.12, $0.06 better than the analyst estimate of $1.06. Revenue for the quarter came in at $2.53 billion versus the consensus estimate of $2.57 billion.

Roger Krone, Leidos Chairman and Chief Executive Officer, commented: "The strength of our second quarter results provides early evidence of the success of our strategy to focus on profitable growth. The sequential revenue growth in the quarter, as well as robust bookings, margins, and cash flow, reflect the positive impact of the actions we have taken to improve our win rates and optimize our operations. We remain committed to creating value for our customers and driving growth for our employees and shareholders."

Forward Guidance

The Company affirms previously issued fiscal year 2018 guidance as follows:

• Revenues of $10.25 billion to $10.65 billion;
• Adjusted EBITDA margins of 10.1% to 10.4%;
• Non-GAAP diluted earnings per share of $4.15 to $4.50; and
• Cash flows provided by operating activities at or above $675 million.

GUIDANCE:

Leidos sees FY2018 EPS of $4.15-$4.50, versus the consensus of $4.38. Leidos sees FY2018 revenue of $10.25-10.65 billion, versus the consensus of $10.39 billion.

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