Lockheed Martin (NYSE:LMT) Full Year 2024 Results

Key Financial Results

• Revenue: US$71.0b (up 5.1% from FY 2023).
• Net income: US$5.34b (down 23% from FY 2023).
• Profit margin: 7.5% (down from 10% in FY 2023). The decrease in margin was driven by higher expenses.
• EPS: US$22.39 (down from US$27.65 in FY 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Lockheed Martin EPS Misses Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 16%.

Looking ahead, revenue is forecast to grow 3.5% p.a. on average during the next 3 years, compared to a 7.0% growth forecast for the Aerospace & Defense industry in the US.

Performance of the American Aerospace & Defense industry.

The company's shares are down 9.0% from a week ago.

Valuation

If you are seeking undervalued stocks, our analysis of 6 valuation measures indicates Lockheed Martin could be a good place to look. Click here to view our comprehensive analysis and gain insights into the stock's investment prospects.

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