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Lockheed Martin Reports First Quarter 2025 Financial Results
LMTLockheed Martin(LMT) Prnewswire·2025-04-22 11:29

Core Insights - Lockheed Martin Corporation reported first quarter 2025 sales of 18.0billion,a418.0 billion, a 4% increase from 17.2 billion in the same quarter of 2024. Net earnings rose to 1.7billion,or1.7 billion, or 7.28 per share, compared to 1.5billion,or1.5 billion, or 6.39 per share, in the prior year [1][5][39]. Financial Performance - Sales increased by 4% year-over-year to 18.0billion[5][39].−Netearningsforthequarterwere18.0 billion [5][39]. - Net earnings for the quarter were 1.7 billion, translating to 7.28pershare,upfrom7.28 per share, up from 1.5 billion and 6.39pershareinQ12024[1][5][39].−Cashfromoperationswas6.39 per share in Q1 2024 [1][5][39]. - Cash from operations was 1.4 billion, down from 1.6billioninQ12024,whilefreecashflowdecreasedto1.6 billion in Q1 2024, while free cash flow decreased to 955 million from 1.3billion[1][6][39].−Thecompanyreturned1.3 billion [1][6][39]. - The company returned 1.5 billion to shareholders through dividends and share repurchases [5][7]. Business Segments - Aeronautics segment sales increased to 7.1billion,a37.1 billion, a 3% rise, driven by a 215 million increase in F-35 program sales [14][39]. - Missiles and Fire Control (MFC) sales surged by 13% to 3.4billion,primarilyduetoa3.4 billion, primarily due to a 370 million increase from tactical and strike missile programs [17][39]. - Rotary and Mission Systems (RMS) reported a 6% increase in sales to 4.3billion,attributedtohighervolumesinintegratedwarfaresystemsandSikorskyhelicopterprograms[19][39].−Spacesegmentsalesdecreasedby24.3 billion, attributed to higher volumes in integrated warfare systems and Sikorsky helicopter programs [19][39]. - Space segment sales decreased by 2% to 3.2 billion, mainly due to lower sales in national security space programs [21][39]. Operational Highlights - The company maintained a backlog of 173billion,representingmorethantwoyearsofsales[2][5].−LockheedMartininvestedover173 billion, representing more than two years of sales [2][5]. - Lockheed Martin invested over 850 million in research and development and capital expenditures during the quarter [2]. - The company reaffirmed its financial outlook for 2025, projecting sales between 73.75billionand73.75 billion and 74.75 billion [9][8]. Cash Flow and Shareholder Returns - Cash from operations was 1.4billion,withfreecashflowat1.4 billion, with free cash flow at 955 million, reflecting a decrease from the previous year [6][39]. - The company paid cash dividends of 796millionandrepurchased1.7millionsharesfor796 million and repurchased 1.7 million shares for 750 million during the quarter [7][39].