Lockheed Martin (LMT) Tops Q1 EPS by 29c, Updates FY Sales Guidance

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Lockheed Martin Reports First Quarter 2020 Results

April 21, 2020 7:30 AM EDT

BETHESDA, Md., April 21, 2020 /PRNewswire/ -- Lockheed Martin Corporation (NYSE: LMT) today reported first quarter 2020 net sales of $15.7 billion, compared to $14.3 billion in the first quarter of 2019. Net earnings in the first quarter of 2020 were $1.7 billion, or $6.08 per share, compared to $1.7 billion, or $5.99 per share, in the first quarter of 2019. Cash from operations in the first quarter of 2020 was $2.3 billion, compared to cash from operations of $1.7 billion in the first quarter of 2019.

"As we confront the challenges introduced by the global pandemic, our corporation remains focused on providing vital national security... More