Lockheed Martin Q1 2023 Earnings Report
Key Takeaways
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.
Net sales reached $15.1 billion, a slight increase compared to Q1 2022.
Net earnings were $1.7 billion, resulting in $6.61 earnings per share.
Cash from operations amounted to $1.6 billion, and free cash flow was $1.3 billion.
The company reaffirmed its 2023 financial outlook.
Lockheed Martin
Lockheed Martin
Lockheed Martin Revenue by Segment
Forward Guidance
Lockheed Martin reaffirms its 2023 financial outlook, anticipating net sales between $65.0 and $66.0 billion and free cash flow of at least $6.2 billion.
Positive Outlook
- Net sales of ~$65,000 - $66,000 million
- Business segment operating profit of ~$7,255 - $7,355 million
- Total FAS/CAS pension adjustment of ~$2,100 million
- Diluted earnings per share of ~$26.60 - $26.90
- Free cash flow of ≥$6,200 million
Revenue & Expenses
Visualization of income flow from segment revenue to net income