earnings
confidence high
sentiment negative
materiality 0.75
Lockheed Martin Q2 sales down 9% to $15.4B; GAAP EPS $1.16 on $1.7B charges; adjusted EPS $6.32
LOCKHEED MARTIN CORP
2022-Q2 EPS reported
$7.62
revenue$30,410,000,000
- Net sales $15.4B vs $17.0B YoY; net earnings $309M ($1.16 EPS) vs $1.8B ($6.52 EPS) last year.
- Non-operational charges of $1.7B ($1.4B after-tax) include pension settlement of $1.47B and investment losses.
- Adjusted (non-GAAP) EPS of $6.32 vs $6.42 in Q2 2021; cash from operations $1.3B, free cash flow $1.0B.
- Returned $1.1B to shareholders via buybacks and dividends; updates 2022 sales and EPS outlook.
- CEO cites supply-chain impacts and contract timing; maintains segment profit and cash-flow outlook.