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Lockheed Martin (LMT): Q4 2019 Earnings Snapshot

— Lockheed Martin Corporation (NYSE: LMT) reported fourth-quarter 2019 earnings of $5.29 per share, vs. $5.02 per share expected.

Lockheed Martin (LMT): Q4 2019 Earnings Snapshot

— Net income was $1.5 billion, up from $1.3 billion reported in the fourth quarter of 2018.

— Total revenue rose 10% to $15.9 billion, vs. $15.27 billion expected. Aeronautics and Missiles and Fire Control units delivered strong revenue growth.

— Cash from operations was $1.5 billion, compared to $2.2 billion last year

— Repurchased 1.3 million shares for $490 million during the quarter

— Expects net sales to be in the range of $62.75 billion to $64.25 billion in fiscal 2020

— Expects full-year 2020 earnings per share to be between $23.65 and $23.95

— Looking for business segment operating profit between $6.80 billion and $6.95 billion in 2020

— Full-year cash from operations is estimated to be ≥$7,600

Listen to publicly listed companies’ earnings conference calls along with the edited closed caption text

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