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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.
Net sales increased by 9% year-over-year to $18.1 billion.
Net earnings reached $1.6 billion, or $6.85 per share.
Cash from operations was $1.9 billion, and free cash flow was $1.5 billion.
The company returned $1.6 billion to shareholders through dividends and share repurchases.
Lockheed Martin raised its 2024 full-year outlook for sales, segment operating profit, and earnings per share.
Visualization of income flow from segment revenue to net income