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Mar 26, 2023
Lockheed Martin Q1 2023 Earnings Report
Lockheed Martin's financial performance was reported for Q1 2023, showing slight revenue growth and strong earnings per share.
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
Revenue by Segment
Aeronautics Revenue
CapyFin.comMissiles & Fire Control Revenue
CapyFin.comRotary & Mission Systems Revenue
CapyFin.comSpace Revenue
CapyFin.com 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