Lockheed Martin's Q1 2024 Financial Performance Analysis

Tuesday, 23 April 2024, 11:37

Lockheed Martin Corporation (NYSE: LMT) reported lower earnings in the first quarter of 2024 despite increased sales. The company reaffirmed its fiscal 2024 guidance, showcasing a mixed financial performance for the period. CEO Jim Taiclet's positive outlook on meeting full-year financial expectations adds optimism amid the challenging market conditions.
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Lockheed Martin's Q1 2024 Financial Performance Analysis

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.


This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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