Lockheed Martin (LMT) Tops Q1 EPS by $1.65, Updates Guidance

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Lockheed Martin Reports First Quarter 2019 Results

April 23, 2019 7:30 AM EDT

BETHESDA, Md., April 23, 2019 /PRNewswire/ -- Lockheed Martin Corporation (NYSE: LMT) today reported first quarter 2019 net sales of $14.3 billion, compared to $11.6 billion in the first quarter of 2018. Net earnings in the first quarter of 2019 were $1.7 billion, or $5.99 per share, compared to $1.2 billion, or $4.02 per share, in the first quarter of 2018. Cash from operations in the first quarter of 2019 was $1.7 billion, compared to cash from operations of $632 million in the first quarter of 2018.

"The corporation had strong performance in the first quarter which has allowed us to increase our full year... More