Lockheed Martin Q1 sales up 14% to $17.2B; EPS $6.39 vs $6.61 prior year; reaffirms outlook

LOCKHEED MARTIN CORP

2024-Q1 EPS reported $6.39 revenue$17,195,000,000

Net sales $17.2B vs $15.1B in Q1 2023 (14% increase; includes extra week).
Net earnings $1.5B ($6.39 diluted EPS) down from $1.7B ($6.61) year-over-year.
Cash from operations $1.6B; free cash flow $1.3B, both flat with prior year.
Returned $1.8B to shareholders via dividends and share repurchases.
Backlog $159B; reaffirms full-year 2024 financial outlook.

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