1/25, 1:32 PM (Source: TeleTrader)
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Lockheed sees Q4 EPS rise 17% YoY to $7.47

Lockheed Martin Corp. posted on Tuesday its fourth-quarter diluted earnings per share (EPS) at $7.47, gaining 17% compared to the fourth quarter of 2020. Net sales increased 4.1% annually to $17.7 billion, while Q4 2021 net earnings rose 11.1% to $2 billion. For the full fiscal year, Lockheed reported EPS of 22.76, a drop of 6.3% compared to the full 2020. Net sales stood at $67 billion, up 2.4% year-on-year, while net earnings fell by 7.4% to $6.3 billion.

"We delivered significant value back to shareholders in 2021, including $7 billion in dividends and share repurchases, and our team continued to provide world-class support to our customers despite the ongoing challenges of the global pandemic. Through our strong balance sheet, we continue to invest in the many emerging growth opportunities ahead - from new aircraft competitions around the world, to our classified portfolio, to solid demand for our signature programs, to emerging technologies like hypersonics," said CEO James Taiclet.

Lockheed's shares gained 0.98% in premarket trade after the earnings annoucement.

Baha Breaking the News (BBN) / DJ