LMT Earnings Prediction
The chart below shows how LMT performed 10 days before and after its earnings report, based on data from the past quarters. Typically, LMT sees a -1.66% change in stock price 10 days leading up to the earnings, and a +1.29% change 10 days following the report. On the earnings day itself, the stock moves by +0.57%. This data can give you a slight idea of what to expect for the next quarter's release.
LMT Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
17.10B
1.34%
-5.62%
Gross Margin
12.38%
2.06%
1.23%
Operating Margin
12.51%
3.39%
1.46%
Net Margin
9.49%
-4.91%
4.75%
EPS
6.80
1.04%
-0.73%
No Data Available
LMT Earnings Analysis
Lockheed Martin Corp. Corporation (LMT.N) Earnings Conference Call
Positive
Record Backlog Achievement: We ended Q3 with record backlog of more than $165 billion, reflecting a book-to-bill ratio of 1.3 in the quarter.
Sales and Margin Expansion: Sales increased and segment operating margins expanded 20 points to 10.9%, led by Missiles & Fire Control, reflecting increased production volume.
Free Cash Flow Improvement: Free cash flow was $2.1 billion in the quarter as we continue to implement working capital efficiencies and optimization.
Dividend Increase Announcement: High confidence in our future cash generation prospects supported our Board's recent decision to raise the quarterly dividend by 5% to $3.30, the 22nd consecutive year of increases and to extend our share repurchase authorization.
F-35 Aircraft Deliveries: We delivered 48 F-35 aircraft in the quarter. We expect to deliver 90 to 110 aircraft in 2024 and the remaining balance of the Lot 15 to 17 aircraft thereafter.
Negative
Aeronautics Revenue Decline: Aeronautics was down primarily due to delayed revenue recognition of approximately $700 million associated with the lapse in F-35 program funding as we continue to work through Lot 18 negotiations.
Aeronautics Sales Decline: Sales at Aeronautics declined 3% year-over-year, primarily driven by lower F-35 volume due to delays in the Lot 18/19 contract negotiations.
Segment Profit Decline: Segment operating profit decreased 2%, with lower volume and unfavorable mix being partially offset by higher profit booking rate adjustments, mainly due to a favorable adjustment related to a legacy C5 claim.
Strong Order Growth: We recorded over $22 billion of orders in the third quarter, for a book-to-bill ratio of approximately 1.3, led by MFC with orders exceeding $8 billion and driving overall backlog to over $165 billion.
Unfavorable Financial Impact: We estimated the impact this year of unfavorable impact of about $600 million.
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LMT Earning Call Sentiment
Lockheed Martin Corporation (LMT) Q3 2024 Earnings Call Transcript
1.0x
00:00
00:00
LMT.N
1.35%Positive
The earnings call summary presents a mixed outlook: positive signals from increased dividends, share repurchases, and backlog growth, countered by potential sales delays, competitive pressures, and pension risks. The Q&A reveals uncertainties in classified programs and F-35 negotiations. Despite raised 2024 guidance, the market may remain cautious due to these uncertainties and modest sales growth. The sentiment is neutral, reflecting a balance of positive shareholder returns and operational challenges.