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Lockheed Martin Reports Fourth Quarter and Full Year 2024 Financial Results

1. Lockheed Martin's 2024 net sales rose 5% to $71.0 billion despite significant losses. 2. Company returned $6.8 billion to shareholders via dividends and share repurchases.

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FAQ

Why Bullish?

The rise in net sales and strong shareholder returns indicate solid performance, enhancing investor confidence, similar to how past revenue growth boosted LMT stock.

How important is it?

The reported sales and shareholder return metrics are crucial for evaluating LMT's financial health and can impact stock performance directly.

Why Short Term?

Immediate investor sentiment may improve due to current performance, akin to past earnings reports influencing stock price momentarily.

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2024 net sales increased 5% to $71.0 billion Recorded pre-tax losses of $1.7 billion and $2.0 billion associated with classified programs in the fourth quarter and full year, which impacted earnings per share by $5.45 and $6.16 Earnings per share of $2.22 in the fourth quarter and $22.31 in 2024, including impact of classified programs losses Cash from operations of $7.0 billion and free cash flow of $5.3 billion in 2024 after a pension contribution of $990 million Returned $6.8 billion of cash to shareholders through dividends and share repurchases in 2024 Record backlog of $176.0 billion at end of 2024 2025 financial outlook provided BETHESDA, Md. , Jan. 28, 2025 /PRNewswire/ -- Lockheed Martin Corporation [NYSE: LMT] today reported fourth quarter 2024 net sales of $18.6 billion, compared to $18.9 billion in the fourth quarter of 2023.

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