Lockheed Martin Earnings Reports

Lockheed Martin delivered strong Q1 2025 results, with revenue reaching $18 billion and net income of $1.7 billion. Solid performance in missiles, aeronautics, and rotary systems supported earnings growth, despite a year-over-year decline in free cash flow.

Lockheed Martin reported Q4 2024 net sales of $18.6 billion, a slight decrease compared to Q4 2023. Net earnings were $527 million, or $2.22 per share, impacted by losses from classified programs. The company's full-year net sales increased by 5% to $71.0 billion, with a record year-end backlog of $176.0 billion.

Lockheed Martin reported Q3 2024 net sales of $17.1 billion, a 1% increase year-over-year, and net earnings of $1.6 billion, or $6.80 per share. The company generated $2.1 billion in free cash flow and increased its share repurchase authorization by $3.0 billion.

Lockheed Martin reported a 9% year-over-year increase in net sales, reaching $18.1 billion. Net earnings were $1.6 billion, or $6.85 per share. The company increased its 2024 outlook for sales, segment operating profit, and earnings per share.

Lockheed Martin reported a strong start to 2024 with net sales of $17.2 billion, a significant increase from the previous year. The company generated $1.3 billion in free cash flow and reaffirmed its 2024 financial outlook. The backlog reached $159 billion, including several large National Security Space awards.

Lockheed Martin reported Q4 2023 net sales of $18.9 billion, a slight decrease from $19.0 billion in Q4 2022. Net earnings were $1.9 billion, or $7.58 per share, compared to $1.9 billion, or $7.40 per share, in the prior year. Free cash flow increased to $1.7 billion from $1.2 billion. The company's backlog reached a record $160.6 billion.

Lockheed Martin reported third quarter 2023 results with net sales of $16.9 billion, a 2% increase year-over-year, and net earnings of $1.7 billion, or $6.73 per share. The company generated $2.5 billion in free cash flow, which was nearly 100% returned to shareholders through dividends and share repurchases. Backlog remains robust at $156 billion.

Lockheed Martin reported strong second quarter results with an 8% increase in net sales to $16.7 billion and net earnings of $1.7 billion, or $6.63 per share. The company's backlog reached a record $158.0 billion, and it increased its full-year outlook for sales and earnings per share.

Lockheed Martin reported a strong start to 2023, with net sales of $15.1 billion and net earnings of $1.7 billion, or $6.61 per share. The company reaffirmed its 2023 financial outlook and returned $1.3 billion of cash to shareholders through dividends and share repurchases.

Lockheed Martin reported Q4 2022 net sales of $19.0 billion, compared to $17.7 billion in Q4 2021. Net earnings were $1.9 billion, or $7.40 per share, compared to $2.0 billion, or $7.47 per share, in Q4 2021. The company's backlog increased 11% to $150 billion compared to Q4 2021.

Lockheed Martin reported Q3 2022 net sales of $16.6 billion and net earnings of $1.8 billion, or $6.71 per share. Cash from operations was $3.1 billion and free cash flow was $2.7 billion. The company increased its share repurchase authority by $14.0 billion and increased its quarterly dividend rate 7% to $3.00 per share, and increased backlog to $140 billion.

Lockheed Martin reported Q2 2022 net sales of $15.4 billion and net earnings of $309 million, or $1.16 per share, inclusive of non-operational charges of $1.7 billion ($1.4 billion, or $5.16 per share, after-tax).

Lockheed Martin reported Q1 2022 net sales of $15.0 billion and net earnings of $1.7 billion, or $6.44 per share. Cash from operations was $1.4 billion and free cash flow was $1.1 billion. The company reaffirms its 2022 financial outlook.

Lockheed Martin reported Q4 2021 net sales of $17.7 billion, compared to $17.0 billion in Q4 2020. Net earnings from continuing operations were $2.0 billion, or $7.47 per share, compared to $1.8 billion, or $6.38 per share, in Q4 2020. Cash from operations was $4.3 billion, compared to $1.8 billion in Q4 2020.

Lockheed Martin reported Q3 2021 net sales of $16.0 billion, compared to $16.5 billion in Q3 2020. Net earnings from continuing operations were $614 million, or $2.21 per share, compared to $1.8 billion, or $6.25 per share, in Q3 2020. Cash from operations was $1.9 billion. The company revises its 2021 financial outlook and provides 2022 financial trends.

Lockheed Martin reported Q2 2021 net sales of $17.0 billion, up from $16.2 billion in Q2 2020. Net earnings were $1.8 billion, or $6.52 per share, compared to $1.6 billion, or $5.79 per share, in the prior year. The results include a $225 million loss related to a classified program in Aeronautics. The company increased its 2021 financial outlook for earnings per share.

Lockheed Martin reported Q1 2021 net sales of $16.3 billion, up from $15.7 billion in Q1 2020. Net earnings were $1.8 billion, or $6.56 per share, compared to $1.7 billion, or $6.08 per share, in the same period last year. The company's backlog remained strong at approximately $147 billion and the financial outlook for 2021 has been increased.

Lockheed Martin reported Q4 2020 net sales of $17.0 billion, up from $15.9 billion in Q4 2019, and net earnings from continuing operations of $1.8 billion, or $6.38 per share, compared to $1.5 billion, or $5.29 per share, in Q4 2019. The company also announced an agreement to acquire Aerojet Rocketdyne.

Lockheed Martin reported Q3 2020 net sales of $16.5 billion, compared to $15.2 billion in Q3 2019. Net earnings from continuing operations were $1.8 billion, or $6.25 per share, compared to $1.6 billion, or $5.66 per share, in Q3 2019. Cash from operations was $1.9 billion, compared to $2.5 billion in Q3 2019. The company achieved a record backlog of $150.4 billion.

Lockheed Martin reported Q2 2020 net sales of $16.2 billion, up from $14.4 billion in Q2 2019. Net earnings were $1.6 billion, or $5.79 per share, compared to $1.4 billion, or $5.00 per share in the prior year. The company's cash from operations increased to $2.2 billion, and they achieved a record backlog of $150.3 billion. The company also increased its 2020 outlook for all financial metrics.

Lockheed Martin reported strong first-quarter results with net sales of $15.7 billion and net earnings of $1.7 billion, or $6.08 per share. The company's cash from operations was $2.3 billion, and it maintained a backlog of approximately $144 billion. The company updated its 2020 outlook for sales and maintained its outlook for operating profit, earnings per share, and cash from operations.

Lockheed Martin reported Q4 2019 net sales of $15.9 billion, compared to $14.4 billion in Q4 2018. Net earnings for Q4 2019 were $1.5 billion, or $5.29 per share, compared to $1.3 billion, or $4.39 per share, in Q4 2018. The company achieved a record backlog of $144.0 billion at the end of 2019.