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Dec 31, 2024
Lockheed Martin Q4 2024 Earnings Report
Lockheed Martin's Q4 2024 financial performance was reported, revealing a mix of growth and challenges.
Key Takeaways
Lockheed Martin reported Q4 2024 net sales of $18.6 billion, a slight decrease compared to Q4 2023. Net earnings were $527 million, or $2.22 per share, impacted by losses from classified programs. The company's full-year net sales increased by 5% to $71.0 billion, with a record year-end backlog of $176.0 billion.
Net sales for Q4 2024 reached $18.6 billion, slightly lower than the previous year.
Q4 2024 earnings per share (EPS) was $2.22, influenced by losses from classified programs.
Full year 2024 net sales increased by 5% to $71.0 billion.
The company achieved a record year-end backlog of $176.0 billion.
Revenue by Segment
Forward Guidance
Lockheed Martin provided its 2025 financial outlook, anticipating net sales between $73.75 billion and $74.75 billion and diluted earnings per share between $27.00 and $27.30.
Positive Outlook
- Net sales are projected to be between $73.75 billion and $74.75 billion.
- Business segment operating profit is expected to be between $8.1 billion and $8.2 billion.
- Diluted earnings per share are forecasted to be between $27.00 and $27.30.
- Cash from operations is anticipated to be between $8.5 billion and $8.7 billion.
- Free cash flow is projected to be between $6.6 billion and $6.8 billion.
Challenges Ahead
- The financial outlook does not include any future gains or losses related to changes in valuations of the company's net assets and liabilities for deferred compensation plans or early-stage company investments.
- The financial outlook assumes that fiscal year 2025 appropriations bills are adopted in a timely manner.
- The financial outlook assumes that the company’s programs remain funded.
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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