Lockheed Martin Q4 2019 Earnings Report
Key Takeaways
Lockheed Martin reported Q4 2019 net sales of $15.9 billion, compared to $14.4 billion in Q4 2018. Net earnings for Q4 2019 were $1.5 billion, or $5.29 per share, compared to $1.3 billion, or $4.39 per share, in Q4 2018. The company achieved a record backlog of $144.0 billion at the end of 2019.
Net sales reached $15.9 billion for the quarter and $59.8 billion for the full year 2019.
Net earnings were $1.5 billion, or $5.29 per share, for the quarter and $6.2 billion, or $21.95 per share, for the full year 2019.
Cash from operations amounted to $1.5 billion for the quarter and $7.3 billion for the full year 2019, after discretionary pension contributions of $1.0 billion.
The company achieved a record backlog of $144.0 billion at the end of 2019.
Lockheed Martin
Lockheed Martin
Lockheed Martin Revenue by Segment
Forward Guidance
Lockheed Martin provided its 2020 financial outlook, anticipating net sales between $62.750 billion and $64.250 billion and diluted earnings per share between $23.65 and $23.95.
Revenue & Expenses
Visualization of income flow from segment revenue to net income