Categories AlphaGraphs, Earnings, Industrials
LMT Earnings: A snapshot of Lockheed Martin’s Q1 2024 financial results
Aerospace company Lockheed Martin Corporation (NYSE: LMT) Tuesday reported lower earnings for the first quarter of 2024, despite an increase in sales. The company also reaffirmed its fiscal 2024 guidance.
The company reported first-quarter 2024 net sales of $17.2 billion, compared to $15.1 billion in the prior-year period. Cash from operations was $1.6 billion in Q1, and free cash flow came in at $1.3 billion.
First-quarter net profit was $1.55 billion or $6.39 per share, compared to $1.69 billion or $6.61 per share the company reported in the corresponding period of last year.
“Our strong start to 2024 demonstrates our continued success designing, developing, and delivering 21st Century Security solutions in support of integrated deterrence for customers around the world. These first quarter results reinforce our confidence in our ability to achieve the full-year financial expectations we set in January,” said Lockheed Martin’s CEO Jim Taiclet.
Prior Performance
Listen to the conference calls as they happen. Don't miss a beat! With AlphaStreet Intelligence, you can listen to live calls and interviews as they happen, so you never have to worry about missing out on important information.
Most Popular
AAPL Earnings: Apple’s Q2 sales and profit beat estimates; iPhone sales down 10%
Apple Inc. (NASDAQ: AAPL) on Thursday reported better-than-expected profit and revenue for the second quarter of 2024. There was a 10% decrease in iPhone sales. The gadget giant reported revenues
Shopify (SHOP) is all set to report Q1 2024 results. Here’s what to expect
Over the years, Shopify Inc. (NYSE: SHOP) has steadily expanded its footprint in the online retail market through constant innovation, like the recent launch of a mobile POS device for
eBay (EBAY): A look at how the ecommerce company fared in Q1 2024
Shares of eBay Inc. (NASDAQ: EBAY) were down over 2% on Thursday. The company reported its earnings results for the first quarter of 2024 a day ago, with revenue and