Revenue segments as reported by the company.

Aeronautics

Missiles and Fire Control

Rotary and Mission Systems

Space

Revenue Segments

Gross Profit, Operating Income, and Net Income as a percentage of Revenue

Gross Margin

Operating Margin

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Margins

An operating expense is an expense a business incurs through its normal business operations. Often abbreviated as OPEX.

Other Expense

Operating Expenses

Year over year growth in Revenue and Operating Expenses.

Revenue Y/Y

OpEx Y/Y

Growth

Shares outstanding refer to a company's stock currently held by all its shareholders, including share blocks held by institutional investors and restricted shares owned by the company's officers and insiders.

Outstanding Shares

Market Cap

Also known as Price/Sales Ratio. Calculated using Average market cap for the quarter / Annualized quarterly revenue.

Revenue Multiple

Lockheed Martin

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Lockheed Martin Corp. is a global security and aerospace company, which engages in the research, design, development, manufacture, integration, and sustainment of technology systems, products, and services. It operates through the following business segments: Aeronautics, Missiles and Fire Control (MFC), Rotary and Mission Systems (RMS), and Space. The Aeronautics segment researches, designs, develops, manufactures, integrates, sustains, supports, and upgrades advanced military aircraft, including combat and air mobility aircraft, unmanned air vehicles, and related technologies. The MFC segment is involved in air and missile defense systems, tactical missiles and air-to-ground precision strike weapon systems, logistics, fire control systems, mission operations support, readiness, engineering support and integration services, manned and unmanned ground vehicles, and energy management solutions. The RMS segment designs, manufactures, services, and supports various military and commercial helicopters, surface ships, sea and land-based missile defense systems, radar systems, sea and air-based mission and combat systems, command and control mission solutions, cyber solutions, and simulation and training solutions. The Space segment includes the production of satellites, space transportation systems, and strategic, advanced strike, and defensive systems. The company was founded in 1912 and is headquartered in Bethesda, MD.

Earnings data Q1 2021

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Earnings data Q1 2022

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Earnings data Q1 2023

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Earnings data Q1 2024

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Earnings data Q4 2024

Lockheed Martin reports robust earnings, eyes growth in hypersonics

Lockheed Martin's Q4 2022 earnings call highlighted strong financial performance, strategic investments in growth areas, and challenges in maintaining margins. The company's focus on operational efficiency and future growth opportunities positions it well for continued success. Opportunities in hypersonics, new awards, and emerging technologies present avenues for further expansion.

Lockheed Martin reports robust Q1 performance and eyes international growth

Lockheed Martin's Q1 performance reflects strong sales growth, margin stability, and cash flow improvement. The company's strategic focus on technology development, international markets, and supply chain management will drive future growth. Opportunities in defense spending, international programs, and margin expansion position Lockheed Martin for continued success.

Lockheed Martin excels in Q2 with record backlog and raised outlook, eyes F-35 expansion and international growth

Lockheed Martin's Q2 performance reflects strong financial health and growth prospects driven by defense budget support, innovation, and international partnerships. While facing challenges in certain segments, the company is well-positioned to capitalize on opportunities in defense technology and production expansion.

Lockheed Martin reports solid Q3 earnings, eyes international growth

Lockheed Martin's Q3 performance reflects steady growth, strong financials, and a focus on shareholder value. The company faces challenges in managing margins, pension pressures, and program risks while capitalizing on international opportunities and technological advancements.

Lockheed Martin exceeds Q4 expectations, focuses on growth and security

Lockheed Martin's Q4 2023 earnings call highlighted strong financial performance, sustained sales growth, and a focus on shareholder returns in 2024. The company is addressing margin compression challenges through cost control and supply chain optimization while investing in R&D to enhance defense capabilities. Opportunities lie in growth drivers like missiles and defense systems.

Lockheed Martin reports strong Q1 earnings, eyes growth opportunities

Lockheed Martin's Q1 2024 earnings call highlighted robust financial performance, strengths in key programs, challenges in the F-35 program and supply chain, and growth opportunities in digital contracting and modernization efforts.
The company emphasized a mission-centric approach, shareholder returns, and a focus on diversifying sources and contract formats to mitigate risks and drive future growth.
Expectations for stability in the business, a slowdown in quarterly sales growth, and plans for strategic reassessment indicate a proactive stance towards market dynamics and evolving defense needs.
Overall, Lockheed Martin's earnings call outlined a strategic roadmap for continued success, innovation, and resilience in the defense industry landscape.

Lockheed Martin (LMT) reports robust Q3 performance and growth opportunities

Lockheed Martin's Q3 2024 performance showcased strong financials, driven by a record backlog, increased sales, and operational improvements. The company's focus on key strengths like the F-35 program and dividend growth positions it well for future success. While challenges exist in maintaining growth, opportunities in international collaborations and innovation present avenues for continued expansion.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

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Total equity

Stockholders equity

Minority interest

Total liabilities & equity

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Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

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Change in stock

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Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

Lockheed Martin Corp. is a global security and aerospace company, which engages in the research, design, development, manufacture, integration, and sustainment of technology systems, products, and services. It operates through the following business segments: Aeronautics, Missiles and Fire Control (MFC), Rotary and Mission Systems (RMS), and Space. The Aeronautics segment research, designs, develops, manufactures, integrates, sustains, supports, and upgrades advanced military aircraft, including combat and air mobility aircraft, unmanned air vehicles, and related technologies. The MFC segment is involved in air and missile defense systems, tactical missiles and air-to-ground precision strike weapon systems, logistics, fire control systems, mission operations support, readiness, engineering support and integration services, manned and unmanned ground vehicles, and energy management solutions. The RMS segment designs, manufactures, services, and supports various military and commercial helicopters, surface ships, sea and land-based missile defense systems, radar systems, sea and air-based mission and combat systems, command and control mission solutions, cyber solutions, and simulation and training solutions. The Space segment includes the production of satellites, space transportation systems, and strategic, advanced strike, and defensive systems. The company was founded in 1912 and is headquartered in Bethesda, MD.

Lockheed Martin (LMT) surpassed analysts' expectations with its second-quarter results Tuesday and raised its full-year outlook, sending shares higher.

Lockheed Martin Stock Climbs on Boosted Full-Year Guidance

Revenue growth of 9% YoY, with Q2 2024 net sales reaching $18.1 billion. Free cash flow more than doubled, hitting $1.5 billion in Q2 2024.

Lockheed Martin Reports Strong Q2 2024 Results

Lockheed (LMT) reports Q2 sales of $18.12 billion, which surpasses the Zacks Consensus Estimate by 6% and increases 8.6% year over year.

Lockheed (LMT) Beats on Q2 Earnings, Ups '24 Sales View

Lockheed Martin Corporation (NYSE:LMT ) Q2 2024 Earnings Conference Call July 23, 2024 11:00 AM ET Company Participants Maria Ricciardone - Vice President, Treasurer & Investor Relations Jim Taiclet - Chairman, President & Chief Executive Officer Jay Malave - Chief Financial Officer Conference Call Participants Kristine Liwag - Morgan Stanley Cai von Rumohr - TD Cowen Scott Deuschle - Deutsche Bank Gavin Parsons - UBS Pete Skibitski - Alembic Global Seth Seifman - JPMorgan Sheila Kahyaoglu - Jefferies Ken Herbert - RBC Capital Markets Rob Spingarn - Melius Research Noah Poponak - Goldman Sachs Peter Arment - Baird Jason Gursky - Citi Research Operator Good day, and welcome, everyone, to the Lockheed Martin Second Quarter 2024 Earnings Conference Call. Today's call is being recorded.

Lockheed Martin Corporation (LMT) Q2 2024 Earnings Call Transcript

Lockheed Martin Corp (NYSE:LMT) stock is on the rise today, after the aerospace & defense name announced better-than-expected second-quarter results and lifted its 2024 forecast thanks to strong demand for fighter jets and missiles.

Lockheed Martin Stock Hits 52-Week Highs After Earnings

The headline numbers for Lockheed (LMT) give insight into how the company performed in the quarter ended June 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

Lockheed (LMT) Q2 Earnings: Taking a Look at Key Metrics Versus Estimates

Lockheed Martin (LMT) came out with quarterly earnings of $7.11 per share, beating the Zacks Consensus Estimate of $6.45 per share. This compares to earnings of $6.73 per share a year ago.

Lockheed Martin (LMT) Surpasses Q2 Earnings and Revenue Estimates

Lockheed Martin Corp (NYSE: LMT) has surged more than 2% in premarket trading on Tuesday after surpassing earnings expectations for its fiscal second quarter.  The defense contractor, benefiting from ongoing geopolitical tensions including the Ukraine conflict, reported robust financial performance that exceeded Wall Street's forecasts.

Lockheed Martin surpasses Q2 earnings estimates amid high demand for defense solutions

The defense contractor's second-quarter report smashed Wall Street forecasts. It also lifted earnings and revenue guidance.

Lockheed Earnings Smash Expectations. What Drove the Results.

Lockheed Martin Corp (NYSE:LMT) raised its annual sales target after the U.S. resumed F-35 aircraft deliveries, which had been paused for software upgrades.

Lockheed Martin beats the Street; shares unchanged pre-market

Aerospace giant's stock rises in premarket trades

Lockheed Martin profit dips but beats analysts' estimate

U.S. defense company Lockheed Martin raised its annual sales target for the first time this year on Tuesday, following the unexpected resumption of deliveries of its F-35 aircraft after Pentagon began accepting the jets last week.

Lockheed Martin lifts 2024 sales target on fighter jet, missile demand

Net sales of $18.1 billion, an increase of 9% year over year Net earnings of $1.6 billion, or $6.85 per share, inclusive of net non-operational charges of $79 million ($63 million, or $0.26 per share, after-tax) Cash from operations of $1.9 billion and free cash flow of $1.5 billion $1.6 billion of cash returned to shareholders through dividends and share repurchases 2024 outlook increased for sales, segment operating profit and earnings per share BETHESDA, Md. , July 23, 2024 /PRNewswire/ -- Lockheed Martin Corporation [NYSE: LMT] today reported second quarter 2024 net sales of $18.1 billion, compared to $16.7 billion in the second quarter of 2023.

Lockheed Martin Reports Second Quarter 2024 Financial Results

FARNBOROUGH, England--(BUSINESS WIRE)--KX and Skunk Works team up to create real-time situational awareness model to enhance armed forces decision-making and operational agility.

Lockheed Martin's Skunk Works® and KX Shaping the Future of Open Mission System Architectures

In a significant political development, President Joe Biden's resignation from the 2024 presidential race has spurred discussions about its potential impact on major defense contractors like Lockheed Martin Corp (NYSE: LMT).  Despite the political upheaval, Lockheed Martin remains steadfast in its mission, emphasizing that its strategic objectives will persist irrespective of electoral outcomes.

Biden's withdrawal from 2024 presidential race: What it means for Lockheed Martin

Lockheed Martin (NYSE: LMT) will report its Q2 2024 results on Tuesday, July 23. We expect it to post revenue and earnings largely aligning with the street expectations.

Here's What To Anticipate From Lockheed Martin's Q2?

Lockheed kicks off defense reports Tuesday. RTX will supply engines for the largest jet order ever in the Philippines.

Lockheed Martin Leads Defense Earnings; RTX To Supply $24 Billion Order

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FARNBOROUGH, England , July 22, 2024 /PRNewswire/ -- Lockheed Martin (NYSE: LMT) announced today at the Farnborough International Airshow that the worldwide C-130J Super Hercules fleet recently surpassed 3 million flight hours. With 545+ Super Hercules delivered worldwide, this achievement reflects the C-130J's unmatched global reach, multi-mission versatility and proven tactical performance capabilities.

Worldwide C-130J Super Hercules Fleet Soars Past 3 Million Flight Hours

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Lockheed Martin (LMT) is less likely to disappoint with its second-quarter results, considering the upward revision in its earnings estimates as well as a positive Earnings ESP.

How to Play Lockheed Martin (LMT) Ahead of Q2 Earnings?

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In the most recent trading session, Lockheed Martin (LMT) closed at $476.07, indicating a +1.6% shift from the previous trading day.

News for Lockheed Martin Stock (LMT)