Lockheed Martin Corp
LMT
ISIN US5398301094 / Valor 351011
Lockheed Martin Corp
UMushroom community rating:
About company
Lockheed Martin Corp is a global security and aerospace company that primarily conducts business with the U.S. Department of Defense and U.S. federal government agencies. Additionally, through its subsidiary Sikorsky, the company provides military and rotary-wing aircraft to various branches of the U.S. armed forces as well as military services and commercial operators in multiple countries. Lockheed Martin also engages in international government and commercial sales of products, services, and platforms.
Summarized from source with an LLMView SourceSector: IndustrialsLatest Results (18.12.2024):
Net Sales Growth
Lockheed Martin Corp reported net sales of $17.2 billion for the first quarter of 2024, marking a significant increase from the $15.1 billion reported in the same quarter of 2023. This growth reflects the company's strong performance in delivering advanced security solutions globally.
Net Earnings
In the first quarter of 2024, Lockheed Martin Corp achieved net earnings of $1.5 billion, or $6.39 per share. This is a slight decrease compared to the $1.7 billion, or $6.61 per share, reported in the first quarter of 2023, indicating a modest decline in profitability year-over-year.
Cash Flow
Lockheed Martin Corp generated $1.6 billion in cash from operations during the first quarter of 2024, consistent with the same period in 2023. The company also reported a free cash flow of $1.3 billion for both quarters, demonstrating stable cash generation capabilities.
Shareholder Returns
During the first quarter of 2024, Lockheed Martin Corp returned $1.8 billion to shareholders through dividends and share repurchases. This reflects the company's commitment to delivering value to its shareholders while maintaining a disciplined capital deployment strategy.
Financial Outlook
Lockheed Martin Corp has reaffirmed its financial outlook for 2024, expressing confidence in meeting its full-year financial expectations. The company's robust backlog of $159 billion, including significant National Security Space awards, supports its positive outlook for continued growth and innovation.
Summarized from source with an LLMView SourceKey figures
Performance
Volatility
116143 M
Market cap (USD)
104,382
Daily traded volume (Shares)
488.62 / 484.42
1 day high/low (USD)
52 weeks high/low (USD)
Dividend ex-date
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EPS (USD)
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Ratings & reviews
X Q
Tej Ram Kumpakha
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