secwatch.observer — SEC 8-K summary
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Issuer:     LOCKHEED MARTIN CORP (LMT)
CIK:        0000936468
Form:       8-K
Filed at:   2024-01-23T23:59:59+00:00
Accession:  0000936468-24-000006
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/936468/000093646824000006/0000936468-24-000006-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/936468/000093646824000006/lmt-20240123.htm
  HTML page:      https://secwatch.observer/filing/0000936468-24-000006

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