earnings
confidence high
sentiment positive
materiality 0.70
Lockheed Martin Q1 net sales $15.0B, EPS $6.44; reaffirms FY outlook
LOCKHEED MARTIN CORP
2022-Q1 EPS reported
$6.44
revenue$14,964,000,000
- Net sales $15.0B, down from $16.3B YoY; net earnings $1.73B ($6.44 EPS) vs $1.84B ($6.56 EPS) YoY.
- Free cash flow $1.1B above expectations; cash from operations $1.4B.
- Returned $2.8B to shareholders via share repurchases and dividends in Q1.
- Reaffirms 2022 financial outlook; CEO cites solid start despite Covid surge impacts.
- Business segment operating profit $1.66B vs $1.75B prior year; margin expansion noted.