Lockheed Martin (LMT) Tops Q3 EPS by 83c, Updates FY Guidance, Comments on FY19

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Go back to Lockheed Martin (LMT) Tops Q3 EPS by 83c, Updates FY Guidance, Comments on FY19

Lockheed Martin Reports Third Quarter 2018 Results

October 23, 2018 7:30 AM EDT

BETHESDA, Md., Oct. 23, 2018 /PRNewswire/ -- Lockheed Martin (NYSE: LMT) today reported third quarter 2018 net sales of $14.3 billion, compared to $12.3 billion in the third quarter of 2017. Net earnings in the third quarter of 2018 were $1.5 billion, or $5.14 per share, compared to $963 million, or $3.32 per share, in the third quarter of 2017. Cash from operations in the third quarter of 2018 was $361 million after pension contributions of $1.5 billion, compared to cash from operations of $1.8 billion in the third quarter of 2017, with no pension contributions.

"Our team achieved another quarter of strong growth leading us to... More