Leidos Holdings, Inc. Reports Third Quarter Fiscal Year 2016 Results

 

 

LEIDOS HOLDINGS, INC.
UNAUDITED SEGMENT OPERATING RESULTS
(in millions)

During the third quarter, the Company completed its acquisition of Lockheed Martin's IS&GS Business and identified the business as a new operating and reportable segment.

The segment information for the periods presented was as follows:



Three Months Ended


Nine Months Ended



September 30,
 2016


October 2,
 2015


Dollar change


Percent change


September 30,
 2016


October 2,
 2015


Dollar change


Percent change

Revenues:











  National Security Solutions


$

921



$

878



$

43



4.9

%


$

2,734



$

2,619



$

115



4.4

%

  Health and Infrastructure


328



418



(90)



(21.5)%



1,115



1,182



(67)



(5.7)

%

  Information Systems & Global Solutions


620





620



NM



620





620



NM


  Corporate and Other


(1)



6



(7)



NM



(1)



4



(5)



NM


Total


$

1,868



$

1,302



$

566



43.5

%


$

4,468



$

3,805



$

663



17.4

%


















Operating income (loss):

















  National Security Solutions


$

91



$

78



$

13



16.7

%


$

224



$

214



$

10



4.7

%

  Health and Infrastructure


41



13



28



NM



116



(1)



117



NM


  Information Systems & Global Solutions


26





26



NM



26





26



NM


  Corporate and Other


(57)



3



(60)



NM



(101)



(17)



(84)



NM


Total


$

101



$

94



$

7



7.4

%


$

265



$

196



$

69



35.2

%


















Operating income (loss) margin:

















  National Security Solutions


9.9

%


8.9

%






8.2

%


8.2

%





  Health and Infrastructure


12.5

%


3.1

%






10.4

%


(0.1)

%





  Information Systems & Global Solutions


4.2

%








4.2

%







Total


5.4

%


7.2

%






5.9

%


5.2

%






NM - Not Meaningful


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