Lockheed Martin Q2 net sales $16.7B (+8% YoY); raises FY 2023 outlook for sales and EPS

LOCKHEED MARTIN CORP

2023-Q2 EPS reported $13.24 revenue$31,819,000,000

Net earnings $1.7B ($6.63 EPS) vs $309M ($1.16) in Q2 2022; adjusted EPS $6.73.
Net sales $16.7B, up 8% YoY; record backlog $158B.
Free cash flow $771M; returned $1.5B to shareholders via dividends and buybacks.
Raised full-year 2023 sales and EPS outlook due to strong year-to-date results.
Orders highlights include F-35 Lot 17 and awards for PAC-3, GMLRS.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

LOCKHEED MARTIN CORP reported the quarter ended June 25, 2023 results: revenue $16.7 billion, net income $1.7 billion, EPS $6.63 per share. Guidance raised.

Period: the quarter ended June 25, 2023
Revenue: $16.7 billion
Net income: $1.7 billion
EPS: $6.63 per share
Guidance: raised
Result: reported results

Exact text from the filing

Lockheed Martin Corporation [NYSE: LMT] today reported second quarter 2023 net sales of $16.7 billion, compared to $15.4 billion in the second quarter of 2022. Net earnings in the second quarter of 2023 were $1.7 billion, or $6.63 per share, compared to $309 million, or $1.16 per share, in the second quarter of 2022.

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Source: SEC EDGAR

accession 0000936468-23-000096

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