Lockheed Martin Q4 EPS $7.58, FY2023 sales $67.6B; record backlog $160.6B and positive 2024 outlook

LOCKHEED MARTIN CORP

2023-FY EPS reported $27.55 revenue$67,571,000,000

Q4 2023 net sales $18.9B (down from $19.0B Q4 2022); net earnings $1.9B ($7.58 EPS).
Full year 2023 net sales $67.6B (up 2% YoY); net earnings $6.9B ($27.55 EPS) vs $5.7B ($21.66 EPS) in 2022.
Record backlog of $160.6B at year-end; cash from operations $7.9B, free cash flow $6.2B in 2023.
Returned $9.1B to shareholders in 2023 via dividends and buybacks ($3.8B in Q4).
2024 outlook: continued top-line growth, mid-single digit growth target in free cash flow per share.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

LOCKHEED MARTIN CORP reported the quarter and year ended December 31, 2023 results: revenue $18.9 billion, net income $1.9 billion, EPS $7.58 per share.

Period: the quarter and year ended December 31, 2023
Revenue: $18.9 billion
Net income: $1.9 billion
EPS: $7.58 per share
Result: reported results

Exact text from the filing

Net sales of $18.9 billion in the fourth quarter and $67.6 billion in 2023 • Net earnings of $1.9 billion, or $7.58 per share in the fourth quarter; $6.9 billion, or $27.55 per share in 2023

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Source: SEC EDGAR

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