secwatch.observer — SEC 8-K summary
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Issuer:     LOCKHEED MARTIN CORP (LMT)
CIK:        0000936468
Form:       8-K
Filed at:   2022-07-19T23:59:59+00:00
Accession:  0000936468-22-000091
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Lockheed Martin Q2 sales down 9% to $15.4B; GAAP EPS $1.16 on $1.7B charges; adjusted EPS $6.32
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/936468/000093646822000091/0000936468-22-000091-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/936468/000093646822000091/lmt-20220719.htm
  HTML page:      https://secwatch.observer/filing/0000936468-22-000091

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer