Lockheed Martin (LMT) Tops Q1 EPS by 60c, Raises FY Guidance

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Go back to Lockheed Martin (LMT) Tops Q1 EPS by 60c, Raises FY Guidance

Lockheed Martin Reports First Quarter 2018 Results

April 24, 2018 7:30 AM EDT

BETHESDA, Md., April 24, 2018 /PRNewswire/ -- Lockheed Martin (NYSE: LMT) today reported first quarter 2018 net sales of $11.6 billion, compared to $11.2 billion in the first quarter of 2017. Net earnings in the first quarter of 2018 were $1.2 billion, or $4.02 per share, compared to $789 million, or $2.69 per share, in the first quarter of 2017. Cash from operations in the first quarter of 2018 was $632 million after pension contributions of $1.5 billion, compared to $1.7 billion of cash from operations in the first quarter of 2017.

"Strong operational and program execution in the first quarter allowed us to increase our financial... More