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Kratos Defense & Security Solutions, Inc. (KTOS) Q1 2025 Earnings Call Transcript

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Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) Q1 2025 Earnings Conference Call May 7, 2025 5:00 PM ET

Company Participants

Marie Mendoza – SVP & General Counsel
Eric DeMarco – President & CEO
Deanna Lund – EVP & CFO

Conference Call Participants

Peter Arment – Baird
Mike Crawford – B. Riley Securities
Ken Herbert – RBC Capital Markets
Joe Gomes – NOBLE Capital
Michael Ciarmoli – Truist Securities
Andre Madrid – BTIG
Peter Skibitski – Alembic Global
Rustom Kanga – Citizens
Greg Konrad – Jefferies

Good day, and thank you for standing by. Welcome to the Kratos Defense & Security First Quarter 2025 Earnings Conference Call. [Operator Instructions] Please be advised that today’s conference is being recorded.

I would now like to hand the conference over to Marie Mendoza, Senior Vice President and General Counsel. Please go ahead.

Marie Mendoza Senior VP, General Counsel & Secretary

Thank you. Good afternoon, everyone. Thank you for joining us for the Kratos Defense & Security Solutions’ First Quarter 2025 Conference Call. With me today is Eric DeMarco, Kratos’ President and Chief Executive Officer, and Deanna Lund, Kratos’ Executive Vice President and Chief Financial Officer.

Before we begin the substance of today’s call, I’d like everyone to please take note of the safe harbor paragraph that is included at the end of today’s press release. This paragraph emphasizes the major uncertainties and risks inherent in the forward-looking statements we will make this afternoon.

Please keep these uncertainties and risks in mind as we discuss future strategic initiatives, potential market opportunities, operational outlook, financial guidance and other forward-looking statements during today’s call.

Today’s call will also include a discussion of non-GAAP financial measures as that term is defined in Regulation G. Non-GAAP financial measures should not be considered in isolation from or as a substitute for

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