Lockheed Martin reports total net sales of $18.8 billion for the 4th quarter, down 1% on the same period a year earlier.

In detail, Space division sales rose by 3%, ahead of Aerospace (stable), while Missile & Fire Control declined by 4% and Rotary & Mission Systems by 2%.

Total operating income came to $2.29 billion for the quarter, stable compared with the same period in 2022.

Net income was $1.86 billion (vs. $1.91 billion in Q4 2022), with EPS of $7.58 versus $7.40 a year earlier.

On an adjusted basis, adjusted net income came to $1.94 billion (stable), with adjusted EPS of $7.9.

For fiscal 2023 as a whole, 'backlog reached a record level of $160.6 billion, and sales rose 2% year-on-year to $67.6 billion', adds Jim Taiclet, head of the company.

For fiscal 2024, Lockheed Martin expects net sales of between $68.5 and $70 billion and EPS of $25.65 to $26.35.

Copyright (c) 2024 CercleFinance.com. All rights reserved.