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Jun 26, 2022

Lockheed Martin Q2 2022 Earnings Report

Lockheed Martin's financial performance was affected by supply chain impacts and customer contract negotiations, but cost management initiatives resulted in margin expansion.

Key Takeaways

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).

Net sales reached $15.4 billion.

Net earnings were reported at $309 million, or $1.16 per share, including non-operational charges of $1.7 billion ($1.4 billion, or $5.16 per share, after-tax).

Cash from operations amounted to $1.3 billion, with a free cash flow of $1.0 billion.

Shareholders received $1.1 billion in cash through share repurchases and dividends.

Total Revenue
$15.4B
Previous year: $17B
-9.3%
EPS
$6.32
Previous year: $6.52
-3.1%
Gross Profit
$1.96B
Previous year: $2.15B
-9.1%
Cash and Equivalents
$1.78B
Previous year: $2.75B
-35.3%
Free Cash Flow
$1B
Total Assets
$51.8B
Previous year: $52.1B
-0.7%

Lockheed Martin

Lockheed Martin

Lockheed Martin Revenue by Segment

Forward Guidance

Lockheed Martin updates 2022 outlook for sales and earnings per share; maintains 2022 outlook for segment operating profit, cash from operations, and free cash flow

Revenue & Expenses

Visualization of income flow from segment revenue to net income