FINMY News and Press, Leonardo SpA ADR From 03/07/24

2024-03-07 13:29:57 ET Summary Leonardo DRS has an ambitious target for 2024. The company's order backlog reached a record $7.8 billion, with $3.5 billion in new orders for 2023. We believe that DRS sales growth and margin acceleration are already priced in. Our neutral rating...

2024-02-11 09:35:00 ET Summary GreenWood Investors is a bottom-up, mostly long, concentrated and constructivist global investment firm focused on areas of pessimism, structural inefficiencies and low competition. In terms of 2023 returns, our separate accounts, which remain open t...

2023-09-29 09:39:09 ET Summary Leonardo S.p.a.'s stock has surged by +75% in just 10 months since December 2022. The company's first-half fiscal 2023 results show a substantial increase in new orders and successful debt reduction. Leonardo is building competitive advantages th...

2023-08-25 04:32:44 ET Summary Solid Q2 with a strong commercial momentum. Leonardo achieved the highest order intake in its history. The company is on target to deleverage and increase cash flow trajectory. The guidance was confirmed, and so was our valuation. Here ...

2023-07-28 22:46:08 ET Leonardo S.p.a. (FINMF) Q2 2023 Earnings Conference Call July 28, 2023, 12:30 PM ET Company Participants Valeria Ricciotti - Head, IR Roberto Cingolani - CEO Alessandra Genco - CFO Conference Call Participants Alessandro Pozzi -...

2023-07-28 15:18:20 ET Leonardo ( OTCPK:FINMF ) ( OTCPK:FINMY ), Italy’s state-run aerospace and defense company, said revenue rose during the first half of the year, another sign of rising demand for as the war in Ukraine enters its 16 th month. Revenues rose 4.8% fr...

2023-06-07 10:52:06 ET Summary Since November 2022, Leonardo DRS gained 45% while its mother company was only up by 32%. Leonardo DRS is gaining support thanks to the Biden administration's 2024 defense budget. Positive news on Leonardo's core business also supports our buy ra...

2023-05-06 21:16:07 ET Summary Supportive order intake in the quarter and 2023 guidance confirmed. Free cash flow evolution compensates for worse profitability. Moody's raised its rating and we wait for an investment grade upgrade from S&P. Our buy rating is then confirmed...

2023-04-18 12:25:43 ET Summary 2023 guidance was below expectations. Leonardo DRS will supply integrated electric propulsion components for the next generation of US Navy submarines. Here at the Lab, we believe that the main value is on DRS's main shareholder. We confirm our e...

2023-04-17 21:31:41 ET Summary Agreement with Cisco for technology activities and cybersecurity. New contract with the Spanish Government, a higher defense budget from Italy, and Italian second-hand Typhoon jets disposal to Poland are positive catalysts for Leonardo. There is ...