Lockheed Martin (LMT) Tops Q3 EPS by 24c, Revenue Misses, Offers Guidance
(Updated - October 26, 2021 7:38 AM EDT)
Lockheed Martin (NYSE: LMT) reported Q3 EPS of $2.21, $0.24 better than the analyst estimate of $1.97. Revenue for the quarter came in at $16 billion versus the consensus estimate of $17.12 billion.
GUIDANCE:
Lockheed Martin sees FY2021 EPS of $27.17, may not compare versus the consensus of $22.19. Lockheed Martin sees FY2021 revenue of $67 billion, versus the consensus of $68.34 billion.
in millions, except per share data) | Current Update1 | August 20211 | ||||
Net sales | ~$67,000 | $67,300 - $68,700 | ||||
Business segment operating profit | ~$7,350 | $7,380 - $7,520 | ||||
Net FAS/CAS pension adjustment2 | ~$665 | ~$655 | ||||
Add: pension settlement charge2 | $1,665 | $1,675 | ||||
Net FAS/CAS pension adjustment - adjusted2,3 | ~$2,330 | ~$2,330 | ||||
Diluted earnings per share | ~$22.45 | $21.95 - $22.25 | ||||
Add: noncash pension settlement charge2 | $4.72 | $4.75 | ||||
Diluted earnings per share - adjusted2,3 | ~$27.17 | $26.70 - $27.00 | ||||
Cash from operations | ≥$8,300 | ≥$8,900 |
For earnings history and earnings-related data on Lockheed Martin (LMT) click here.