- Adjusted EPS stood at $6.33, surpassing the expected $5.78
- Net sales reached $17.20 billion, a 14% increase year over year
- Missiles and Fire Control recorded net sales of $2.99 billion, up 25% from previous year
- Aeronautics net sales hit $6.85 billion, a rise of 9.2% year over year
- Net sales from Rotary and Mission Systems saw a growth of 16% to $4.09 billion
- Space net sales were calculated at $3.27 billion, a 10% increase year over year
- Cash flow from operations amounted to $1.64 billion, an increase of 4.5% year on year
- Operating profit somewhat contracted by 0.4% to $2.03 billion
- Aeronautics sector posted an operating profit of $679 million, slightly up from previous year
- Missiles and Fire Control division suffered an operating profit decrease of 18% to $311 million
- Rotary and Mission Systems boasted an operating profit of $430 million, marking 23% y/y growth
- Space division operating profit grew by 16% to $325 million
- Free cash flow was slightly lower at $1.26 billion, down 1% from the last year
- Year Forecast still anticipates EPS range between $25.65 and $26.35
- Net sales forecasted to be between $68.50 billion and $70.00 billion
- The company anticipates cash flow from operations to be within $7.75 and $8.05 billion
- Free cash flow is expected to range between $6.00 billion and $6.30 billion
- Capital expenditure is set to be around $1.75 billion
- The company’s backlog includes several large National Security Space awards for the quarter
- The company plans to continue its execution of the F-35 program, evidently making progress towards the first TR-3 configured aircraft delivery
Lockheed Martin on Smartkarma
Analyst coverage of Lockheed Martin on Smartkarma reveals positive sentiment from Baptista Research analysts. In their report titled “Lockheed Martin: How Bad Is The Impact of Delays in Government Budget? – Major Drivers,” the company’s strong performance in 2023 is highlighted, driven by high demand for aircraft, helicopters, satellites, radar systems, and other products. With a record backlog of $161 billion and full-year sales of $67.6 billion, Lockheed Martin is poised for continued growth.
Furthermore, in another report by Baptista Research titled “Lockheed Martin: Its Portfolio Is Setting the Stage For Potential Growth! – Key Drivers,” the company’s resilience in an uncertain market environment is commended. With a sales increase of 2% year-over-year to $16.9 billion and a solid backlog of $156 billion, Lockheed Martin‘s strong financial performance underscores the significance of its portfolio amidst global geopolitical tensions. Overall, analyst coverage on Smartkarma paints a bullish outlook for Lockheed Martin‘s future prospects.
A look at Lockheed Martin Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 2 | |
| Dividend | 3 | |
| Growth | 3 | |
| Resilience | 2 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 2.8 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Lockheed Martin Corporation, a global security company with operations spanning various high-tech sectors, presents a mixed outlook based on the Smartkarma Smart Scores. While the company shows strong momentum with a score of 4, indicating positive market trends, its value and resilience scores are in the middle range at 2. This suggests that Lockheed Martin may not be currently undervalued compared to its peers and may have moderate resilience to market fluctuations. On the positive side, the company has achieved a respectable score of 3 for both dividend and growth potential, showing promise for investors looking for steady returns and future expansion.
Overall, Lockheed Martin‘s outlook based on the Smartkarma Smart Scores points towards a company with solid growth prospects and a strong market momentum, tempered by average value and resilience metrics. As a company engaged in cutting-edge technology development and global security solutions, Lockheed Martin‘s diverse business portfolio positions it for continued growth in the long term, supported by its focus on innovation and market demand for advanced technology products and services.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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