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Mar 27, 2022

Lockheed Martin Q1 2022 Earnings Report

Lockheed Martin had a solid start to the year, delivering margin expansion and free cash flow above expectations, despite Covid-surge impacts on operations and supply chain.

Key Takeaways

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.

Net sales of $15.0 billion

Net earnings of $1.7 billion, or $6.44 per share

Cash from operations of $1.4 billion and free cash flow of $1.1 billion

Returned $2.8 billion of cash to shareholders through share repurchases and dividends

Total Revenue
$15B
Previous year: $16.3B
-8.0%
EPS
$6.44
Previous year: $6.56
-1.8%
Gross Profit
$1.91B
Previous year: $2.19B
-12.7%
Cash and Equivalents
$1.88B
Previous year: $2.93B
-35.8%
Free Cash Flow
$1.1B
Previous year: $1.75B
-37.1%
Total Assets
$51.5B
Previous year: $51.4B
+0.1%

Lockheed Martin

Lockheed Martin

Lockheed Martin Revenue by Segment

Forward Guidance

The company reaffirms its 2022 financial outlook.

Revenue & Expenses

Visualization of income flow from segment revenue to net income