Lockheed Martin: earnings down in 2024
(CercleFinance.com) - Lockheed Martin Corporation reports net sales of $18.
6bn for Q4 2024, compared with $18.9bn in Q4 2023. NB: pmt -3.3%.
Net income for the quarter was $527m, or $2.22 per share, including losses of $1.3bn net of tax related to classified programs.
This compares with net earnings of $1.9bn, or $7.58 per share, a year ago.
FY 2024 net sales are expected to reach $71bn, up 5% from $67.6bn in 2023.
Annual net earnings reached $5.3bn, or $22.31 per share, vs. $6.9bn, or $27.55 per share, in 2023.
According to Jim Taiclet, President and CEO, sales growth of 5% and a record backlog of $176bn reflect the continuing demand for advanced defense technologies.
The company has also invested over $3bn in R&D to strengthen national security and modernize operations.
Our solid and consistent performance has also enabled us to redistribute over 100% of our free cash flow to our shareholders in 2024, adds Jim Taiclet, who believes the company is well positioned for a strong performance in 2025.
Copyright (c) 2025 CercleFinance.com. All rights reserved.
6bn for Q4 2024, compared with $18.9bn in Q4 2023. NB: pmt -3.3%.
Net income for the quarter was $527m, or $2.22 per share, including losses of $1.3bn net of tax related to classified programs.
This compares with net earnings of $1.9bn, or $7.58 per share, a year ago.
FY 2024 net sales are expected to reach $71bn, up 5% from $67.6bn in 2023.
Annual net earnings reached $5.3bn, or $22.31 per share, vs. $6.9bn, or $27.55 per share, in 2023.
According to Jim Taiclet, President and CEO, sales growth of 5% and a record backlog of $176bn reflect the continuing demand for advanced defense technologies.
The company has also invested over $3bn in R&D to strengthen national security and modernize operations.
Our solid and consistent performance has also enabled us to redistribute over 100% of our free cash flow to our shareholders in 2024, adds Jim Taiclet, who believes the company is well positioned for a strong performance in 2025.
Copyright (c) 2025 CercleFinance.com. All rights reserved.