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Dec 31, 2021
Lockheed Martin Q4 2021 Earnings Report
Lockheed Martin's Q4 2021 financial results were reported.
Key Takeaways
Lockheed Martin reported Q4 2021 net sales of $17.7 billion, compared to $17.0 billion in Q4 2020. Net earnings from continuing operations were $2.0 billion, or $7.47 per share, compared to $1.8 billion, or $6.38 per share, in Q4 2020. Cash from operations was $4.3 billion, compared to $1.8 billion in Q4 2020.
Net sales reached $17.7 billion.
Net earnings from continuing operations were $2.0 billion, or $7.47 per share.
Cash from operations totaled $4.3 billion.
Shareholders received cash returns through $2.1 billion in share repurchases and $762 million in dividends.
Revenue by Segment
Forward Guidance
The company provided its 2022 financial outlook, excluding the pending acquisition of Aerojet Rocketdyne Holdings, Inc.
Positive Outlook
- Net sales are expected to be approximately $66 billion.
- Business segment operating profit is projected to be around $7.175 billion.
- Net FAS/CAS pension adjustment is estimated at approximately $2.260 billion.
- Diluted earnings per share are anticipated to be roughly $26.70.
- Cash from operations is expected to be at least $7.9 billion.
Challenges Ahead
- The financial outlook reflects known impacts from the COVID-19 pandemic.
- The company cannot predict how the pandemic will evolve or what impact it will continue to have.
- The financial outlook does not include any future gains or losses related to changes in valuations of the company's investments held in the Lockheed Martin Ventures Fund.
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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