Lockheed Martin Q3 2022 Earnings Report
Key Takeaways
Lockheed Martin reported Q3 2022 net sales of $16.6 billion and net earnings of $1.8 billion, or $6.71 per share. Cash from operations was $3.1 billion and free cash flow was $2.7 billion. The company increased its share repurchase authority by $14.0 billion and increased its quarterly dividend rate 7% to $3.00 per share, and increased backlog to $140 billion.
Net sales reached $16.6 billion and net earnings were $1.8 billion, or $6.71 per share.
Cash from operations amounted to $3.1 billion, with a free cash flow of $2.7 billion.
Returned $2.1 billion of cash to shareholders through share repurchases and dividends.
Share repurchase authority was increased by $14.0 billion, and the quarterly dividend rate rose by 7% to $3.00 per share.
Lockheed Martin
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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