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RESTON, Va., May 4, 2021 /PRNewswire/ Leidos Holdings, Inc. (NYSE: LDOS), a FORTUNE 500
® science and technology leader, today reported financial results for the first quarter of fiscal year 2021.
Roger Krone, Leidos Chairman and Chief Executive Officer, commented: First quarter results reflect the perseverance, focus and tremendous execution of our employees and business partners. New quarterly record levels of revenue, non-GAAP EPS and backlog were achieved, and significant organic growth was delivered across all business segments. This early momentum favorably positions Leidos to deliver on our full year financial commitments.
Summary Results
Revenues for the quarter were $3.32 billion, compared to $2.89 billion in the prior year quarter, reflecting a 14.7% increase. Excluding our revenue growth from our acquisitions of $168 million for Dynetics, Inc. ( Dynetics ), L3Harris Technologies security detection and automation businesses (the SD&A Bus
Leidos Announces Appointment of Christopher Cage as Chief Financial Officer
James Reagan to Retire as CFO Effective July 5, 2021, Remaining an Advisor to Leidos Through the End of 2021
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RESTON, Va., May 4, 2021 /PRNewswire/ Leidos (NYSE: LDOS), a FORTUNE 500
® science and technology leader, today announced the appointment of Christopher Cage as Chief Financial Officer, effective July 5, 2021. Cage, who currently serves as Leidos SVP, Chief Accounting Officer, will succeed James Reagan, who announced his planned retirement from the Company. Reagan will continue as CFO until July 5, 2021, serving in an advisory capacity through the end of the year.
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Operator
Greetings. Welcome to the Leidos Fourth Quarter 2020 Earnings Call. [Operator Instructions] At this time, I ll turn the conference over to Peter Berl, Senior Vice President, Investor Relations. Mr. Berl, you may begin.
Peter M. Berl
Senior Vice President of Investor Relations
Thank you, Rob and good morning, everyone. I d like to welcome you to our fourth quarter 2020 earnings conference call. Joining me today are Roger Krone, our Chairman and CEO; Jim Reagan, our Chief Financial Officer and other members of the Leidos management team. Today, we will discuss our results for the quarter ending January 1, 2021. Roger will lead off the call with notable highlights from the quarter as well as comments on the market environment, our Company strategy. Jim will follow with a discussion of our financial performance and our guidance expectations.
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RESTON, Va., Feb. 23, 2021 /PRNewswire/ Leidos Holdings, Inc. (NYSE: LDOS), a FORTUNE 500
® science and technology leader, today reported financial results for the fourth quarter and fiscal year 2020.
Roger Krone, Leidos Chairman and Chief Executive Officer, commented: Fourth quarter results reflect the resilience of our growing portfolio with new record levels of revenue and backlog, coupled with margin expansion and further balance sheet optimization. This performance positions us for above-market growth in 2021, fueled by our talented diverse workforce who continue to engineer and deliver technologically innovative and secure solutions for our customers evolving needs.
Fourth Quarter Summary Results