(Lockheed Martin) Lockheed Martin reported net earnings of $2.049 billion or diluted earnings per share of $7.47 in the fourth quarter of 2021, an increase from $1.792 billion in the prior year.
Net earnings in FY21 were $6.315 billion or $22.76 per share, down from $6.833 billion or $24.50 per share in the prior year.
In the fourth quarter, net sales were reported at $17.729 billion, an improvement from $17.032 billion in the prior year. FY21 net sales hit $67.044 billion, up from $65.398 billion in the prior year.
The company’s cash flows from operations in the fourth quarter was $4.3 billion, while the total year cash flows amounted to $9.2 billion.
Lockheed returned $2.1 billion cash to shareholders in the form of share buybacks and $762 million in dividends in Q4 2021. Share repurchases in FY21 totaled $4.1 billion, while dividends were $2.9 billion.
Lockheed expects net sales of $66.0 billion in FY22, with diluted EPS of $26.70. The company expects to end the year with free cash flows of $6.0 billion.
LMT: NYSE is up +0.72%.
