Lockheed Martin ( (LMT) ) has released its Q4 earnings. Here is a breakdown of the information Lockheed Martin presented to its investors.
Lockheed Martin is a leading global defense and aerospace company that specializes in developing advanced technology systems for defense, security, and aerospace sectors, known for its innovative solutions and significant role in military contracting.
The company reported a 5% increase in net sales, reaching $71.0 billion for 2024, despite facing significant losses from classified programs. The financial results reflect the ongoing demand for its advanced defense technologies and a record backlog of $176.0 billion.
Key financial highlights include a net earnings of $5.3 billion and an earnings per share of $22.31 for 2024, impacted by $2.0 billion in losses from classified programs. Cash from operations was $7.0 billion, and free cash flow stood at $5.3 billion after a $990 million pension contribution. The firm returned $6.8 billion to shareholders through dividends and share buybacks.
Despite challenges, Lockheed Martin remains committed to innovation and defense capabilities, highlighted by investments in research and development. The management expressed confidence in maintaining strong performance in 2025, supported by its robust backlog and strategic initiatives.
Looking ahead, Lockheed Martin anticipates continued growth in 2025 with projected net sales between $73.75 billion and $74.75 billion, indicating a positive outlook driven by strategic investments and ongoing demand for its products.