earnings
confidence high
sentiment positive
materiality 0.70
Lockheed Martin Q3 sales up 1% to $17.1B; raises FY2024 outlook; dividend up 5%
LOCKHEED MARTIN CORP
2024-Q3 EPS reported
$20.05
revenue$52,421,000,000
- Net earnings $1.6B ($6.80 EPS) vs $1.7B ($6.73) YoY; free cash flow $2.1B.
- Record backlog over $165B; 48 F-35 deliveries in Q3.
- Board approved 5% dividend increase to $3.30/share, 22nd consecutive annual hike.
- Increased share repurchase authority by $3.0B to total $10.3B.
- Raised full-year 2024 outlook for sales, segment profit, EPS, and free cash flow.