Lockheed Martin stock drops as Q4 sales, profit guidance fall short

Investing.com

01-28

Investing.com -- Lockheed Martin (NYSE:LMT) saw its shares slide more than 3% in premarket trading Tuesday after the defense contractor’s Q4 sales missed analyst expectations. The company’s annual profit forecast also fell short.

Lockheed reported Q4 earnings per share (EPS) of $7.67, exceeding analyst expectations of $6.58. However, quarterly revenue of $18.6 billion came in slightly below the consensus estimate of $18.84 billion.

Net earnings for the three-month period totaled $527 million, or $2.22 per share, reflecting a significant loss of $1.7 billion related to classified programs. This marks a decline compared to net earnings of $1.9 billion, or $7.58 per share, in Q4 2023.

Cash flow from operations fell 57% year-over-year to $1.02 billion, missing the estimated $1.79 billion.

The company reported a backlog of $176.04 billion, representing a 9.6% increase year-over-year.

"2024 was another successful and productive year for Lockheed Martin. Our 5% sales growth and record year-end backlog of $176 billion demonstrate the enduring global demand for our advanced defense technology and systems," said Jim Taiclet, Lockheed Martin's Chairman, President and CEO.

“Our strong and consistent performance also enabled us to again return greater than 100% of free cash flow to our shareholders in 2024," he added.

For fiscal year 2025, Lockheed Martin forecasts EPS of $27.00-$27.30, below the consensus estimate of $27.82.

Revenue guidance is set at $73.75-$74.75 billion, compared to the consensus forecast of $74 billion.

Related Articles

Lockheed Martin stock drops as Q4 sales, profit guidance fall short

BMW expects full-year earnings margin in lower half of 6-7% target

Boeing reports $11.8-billion annual loss after crisis-ridden year

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Our 5% sales growth and record year-end backlog of $176 billion demonstrate the enduring global demand for our advanced defense technology and systems,\" said Jim Taiclet, Lockheed Martin's Chairman, President and CEO.</p>\n<p>“Our strong and consistent performance also enabled us to again return greater than 100% of free cash flow to our shareholders in 2024,\" he added.</p>\n<p>For fiscal year 2025, Lockheed Martin forecasts EPS of $27.00-$27.30, below the consensus estimate of $27.82.</p>\n<p>Revenue guidance is set at $73.75-$74.75 billion, compared to the consensus forecast of $74 billion.</p>\n<p>Related Articles</p>\n<p>Lockheed Martin stock drops as Q4 sales, profit guidance fall short</p>\n<p>BMW expects full-year earnings margin in lower half of 6-7% target</p>\n<p>Boeing reports $11.8-billion annual loss after crisis-ridden year</p>\n</body></html>","source":"yahoofinance","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta content=\"text/html; charset=utf-8\" http-equiv=\"Content-Type\"/>\n<meta content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\" name=\"viewport\"/>\n<meta content=\"telephone=no,email=no,address=no\" name=\"format-detection\"/>\n<title>Lockheed Martin stock drops as Q4 sales, profit guidance fall short</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nLockheed Martin stock drops as Q4 sales, profit guidance fall short\n</h2>\n<h4 class=\"meta\">\n\n\n2025-01-28 21:27 GMT+8   <a href=\"https://finance.yahoo.com/news/lockheed-martin-stock-drops-q4-132715014.html\"><strong>Investing.com</strong></a>\n</h4>\n</header>\n<article>\n<div>\n<p>Investing.com -- Lockheed Martin (NYSE:LMT) saw its shares slide more than 3% in premarket trading Tuesday after the defense contractor’s Q4 sales missed analyst expectations. The company’s annual ...</p>\n<a href=\"https://finance.yahoo.com/news/lockheed-martin-stock-drops-q4-132715014.html\">网页链接</a>\n</div>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LMT","symbol_name":"洛克希德马丁","start_time":0,"source_url":"https://finance.yahoo.com/news/lockheed-martin-stock-drops-q4-132715014.html","article_id":"2506051683","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2506051683","pubTimestamp":1738070835,"columns":[],"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"Investing.com -- Lockheed Martin  saw its shares slide more than 3% in premarket trading Tuesday after the defense contractor’s Q4 sales missed analyst expectations. The company’s annual profit forecast also fell short.Lockheed reported Q4 earnings per share  of $7.67, exceeding analyst expectations of $6.58. 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Our 5% sales growth and record year-end backlog of $176 bi","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"LMT":"洛克希德马丁"},"translate_title":"洛克希德·马丁公司股价下跌，第四季度销售额和利润指引未达预期","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"LMT":1},"content_text":"Investing.com -- Lockheed Martin (NYSE:LMT) saw its shares slide more than 3% in premarket trading Tuesday after the defense contractor’s Q4 sales missed analyst expectations. The company’s annual profit forecast also fell short.\nLockheed reported Q4 earnings per share (EPS) of $7.67, exceeding analyst expectations of $6.58. However, quarterly revenue of $18.6 billion came in slightly below the consensus estimate of $18.84 billion.\nNet earnings for the three-month period totaled $527 million, or $2.22 per share, reflecting a significant loss of $1.7 billion related to classified programs. 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Our 5% sales growth and record year-end backlog of $176 billion demonstrate the enduring global demand for our advanced defense technology and systems,\" said Jim Taiclet, Lockheed Martin's Chairman, President and CEO.\n“Our strong and consistent performance also enabled us to again return greater than 100% of free cash flow to our shareholders in 2024,\" he added.\nFor fiscal year 2025, Lockheed Martin forecasts EPS of $27.00-$27.30, below the consensus estimate of $27.82.\nRevenue guidance is set at $73.75-$74.75 billion, compared to the consensus forecast of $74 billion.\nRelated Articles\nLockheed Martin stock drops as Q4 sales, profit guidance fall short\nBMW expects full-year earnings margin in lower half of 6-7% target\nBoeing reports $11.8-billion annual loss after crisis-ridden year","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0}}}