Lockheed Martin's Q1 2024 Financial Performance Analysis
Tuesday, 23 April 2024, 11:37
Lockheed Martin's Q1 2024 Financial Highlights
Aerospace giant Lockheed Martin (NYSE: LMT) released its Q1 2024 financial results, displaying mixed performance in earnings and sales.
- Net sales amounted to $17.2 billion in Q1, up from $15.1 billion year-over-year.
- Net profit stood at $1.55 billion, with earnings per share at $6.39, down from $1.69 billion and $6.61 in the prior-year quarter, respectively.
- Cash from operations reached $1.6 billion, and free cash flow was reported at $1.3 billion.
CEO's Perspective on Performance
Lockheed Martin's CEO, Jim Taiclet, expressed confidence in the company's ability to meet its full-year financial expectations, attributing success to its security solutions and global customer support.
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