Lockheed Martin (LMT) Tops Q4 EPS by 19c; Guides FY17 EPS Below the Street

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Go back to Lockheed Martin (LMT) Tops Q4 EPS by 19c; Guides FY17 EPS Below the Street

Lockheed Martin Reports Fourth Quarter and Full Year 2016 Results

January 24, 2017 7:25 AM EST

BETHESDA, Md., Jan. 24, 2017 /PRNewswire/ -- Lockheed Martin (NYSE: LMT) today reported fourth quarter 2016 net sales of $13.8 billion, compared to $11.5 billion in the fourth quarter of 2015. Net earnings from continuing operations in the fourth quarter of 2016 were $959 million, or $3.25 per share, compared to $817 million, or $2.63 per share, in the fourth quarter of 2015. Cash from operations in the fourth quarter of 2016 was $729 million, compared to $1.4 billion in the fourth quarter of 2015.

Net sales in 2016 were $47.2 billion, compared to $40.5 billion in 2015. Net earnings from continuing operations in 2016 were $3.8 billion, or $12.38 per share, compared to... More