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Sep 24, 2023
Lockheed Martin Q3 2023 Earnings Report
Reported an increase in net sales and earnings with strong free cash flow generation.
Key Takeaways
Lockheed Martin reported third quarter 2023 results with net sales of $16.9 billion, a 2% increase year-over-year, and net earnings of $1.7 billion, or $6.73 per share. The company generated $2.5 billion in free cash flow, which was nearly 100% returned to shareholders through dividends and share repurchases. Backlog remains robust at $156 billion.
Net sales increased by 2% year-over-year to $16.9 billion.
Net earnings reached $1.7 billion, or $6.73 per share.
Free cash flow was $2.5 billion, with nearly 100% returned to shareholders through dividends and share repurchases.
Backlog remains robust at $156 billion due to strong domestic and international orders.
Revenue by Segment
Forward Guidance
The company reaffirms its 2023 financial outlook.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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