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Lockheed Martin (LMT) tops earnings, revenue expectations

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Lockheed Martin Reports Fourth Quarter and Full Year 2022 Financial Results

January 24, 2023 7:29 AM EST

Net sales of $19.0 billion in the fourth quarter and $66.0 billion in 2022Net earnings of $1.9 billion, or $7.40 per share, inclusive of non-operational charges of $129 million ($101 million, or $0.39 per share, after-tax) in the fourth quarterNet earnings of $5.7 billion, or $21.66 per share, inclusive of non-operational charges of $1.9 billion ($1.5 billion, or $5.57 per share, after-tax) in 2022Cash from operations of $1.9 billion in the fourth quarter and $7.8 billion in 2022; free cash flow of $1.2 billion in the fourth quarter and $6.1 billion in 2022Returned $5.0 billion of cash to shareholders through share repurchases and... More