Lockheed Martin Q3 2023 Earnings Report
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.
Lockheed Martin
Lockheed Martin
Lockheed Martin Revenue by Segment
Forward Guidance
The company reaffirms its 2023 financial outlook.
Revenue & Expenses
Visualization of income flow from segment revenue to net income