LOCKHEED MARTIN Reports USD 1.9 Billion Revenue for Q4 of FY2022 with 7.1% Increase in Net Income
January 31, 2023
Earnings report
LOCKHEED MARTIN ($NYSE:LMT) is a multinational aerospace, defense, security and advanced technologies company that is headquartered in Bethesda, Maryland. It is the world’s largest defense contractor and it is listed on the New York Stock Exchange. LOCKHEED MARTIN recently released its earnings results for the fourth quarter of FY2022 which ended on December 31 2022. The total revenue for the fourth quarter was USD 1.9 billion, a decrease of 6.8% compared to the same period the year before. Despite this decrease in revenue, net income for the quarter was USD 19.0 billion, an increase of 7.1% compared to the year prior.
However, the company also noted that increased sales in other areas, such as its missile defense and space systems, helped to offset some of these losses. The company also noted that it had taken steps to reduce costs throughout the quarter in order to maximize its profits. This included streamlining operations and reducing its workforce.
In addition, the company invested in research and development in order to develop new products and services that could increase its revenue in the future. Overall, LOCKHEED MARTIN reported a positive financial performance for the fourth quarter of FY2022. The company’s total revenue was down compared to the same period the year before, but its net income increased by 7.1%, indicating that the company’s cost-cutting measures had paid off. Going forward, the company will continue to invest in innovation and research in order to ensure that it remains competitive in the ever-changing defense industry.
Market Price
LOCKHEED MARTIN, one of the world’s largest aerospace and defense companies, reported USD 1.9 billion revenue for the fourth quarter of FY 2022. This was a 7.1% increase in net income from the same time period last year. On Tuesday, the stock opened at $442.2 and closed at $449.2, up by 1.8% from prior closing price of 441.3. Net earnings were $1.9 billion, a 7.1% increase from a year earlier. The company also reported a 7.1% increase in net income from the same period a year earlier to $1.9 billion.
The company’s outlook for the rest of FY 2022 is optimistic, as it expects continued growth in both revenue and net income. The company will be focusing on expanding its global presence in the aerospace and defense industry, as well as investing in research and development to produce innovative products and services. Overall, LOCKHEED MARTIN reported strong financial results for the fourth quarter of FY 2022, with an increase in revenue and net income. This indicates that the company is well-positioned for continued growth in the near future. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Lockheed Martin. More…
| Total Revenues | Net Income | Net Margin |
| 65.98k | 5.73k | 8.7% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Lockheed Martin. More…
| Operations | Investing | Financing |
| 7.8k | -1.79k | -7.07k |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Lockheed Martin. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 52.88k | 43.61k | 45.66 |
Key Ratios Snapshot
Some of the financial key ratios for Lockheed Martin are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 3.3% | -0.1% | 11.1% |
| FCF Margin | ROE | ROA |
| 9.3% | 43.0% | 8.6% |
VI Analysis
LOCKHEED MARTIN is a company with strong fundamentals, as demonstrated by the VI Star Chart. This indicates that the company is classified as a ‘cow’, a type of company which has a track record of paying out consistent and sustainable dividends. This makes it an attractive investment for dividend investors who are looking for a steady income stream. The company has a high health score of 8/10 with regard to its cashflows and debt, making it capable of sustaining future operations in times of crisis. Furthermore, LOCKHEED MARTIN is strong in dividend and profitability, but weak in asset and growth. Overall, LOCKHEED MARTIN’s fundamentals make it an attractive investment for those looking for a reliable dividend income. Its strong financial position and ability to sustain operations in tough times make it a safe bet for any investor looking for long-term gains. Moreover, its strengths in dividend and profitability make it an ideal choice for those looking for a stable and high-yield investment. More…
VI Peers
The U.S. Department of Defense (DoD) spends billions of dollars on weapons systems each year. Major weapons systems contractors compete for these funds. The competition among these companies is fierce. The companies must not only offer the best products, but they must also be able to demonstrate to the DoD that their products are superior to those of their competitors.
Lockheed Martin Corp is one of the largest weapons systems contractors in the United States. The company’s main competitors are Northrop Grumman Corp, Ballistic Recovery Systems Inc, and LIG Nex1 Co Ltd.
– Northrop Grumman Corp ($NYSE:NOC)
Northrop Grumman Corp is an American aerospace and defense technology company with a market cap of 78.41B as of 2022. The company has a Return on Equity of 34.54%. Northrop Grumman Corp is a leading provider of aircraft, logistics, and technology solutions for the U.S. military, government, and commercial customers. The company’s products and services include aircraft, space systems, missiles, electronics, and technical services.
– Ballistic Recovery Systems Inc ($OTCPK:BRSI)
Ballistic Recovery Systems Inc is a world leader in the design, manufacture, and deployment of parachutes and other soft goods for the aerospace industry. The company has a market cap of 4.19M as of 2022 and a ROE of -159.06%. Ballistic Recovery Systems Inc is a publicly traded company on the Nasdaq Stock Market under the ticker symbol BRS.
– LIG Nex1 Co Ltd ($KOSE:079550)
LIG Nex1 Co Ltd is a South Korean defense company specializing in electronics and weaponry. It was founded in 1999 and is headquartered in Seoul. The company has a market cap of 1.87T as of 2022 and a Return on Equity of 14.92%. LIG Nex1 Co Ltd develops, manufactures, and supplies electronics and weapons products for the military, law enforcement, and commercial markets worldwide. The company’s products include radar systems, sonar systems, electronic warfare systems, communication systems, navigation systems, and missile systems.
Summary
The fourth quarter of FY2022 for LOCKHEED MARTIN saw a decrease in total revenue of 6.8%, amounting to USD 1.9 billion. This was accompanied by an increase in net income of 7.1%, amounting to USD 19.0 billion. This indicates that the company is taking steps to increase its profitability, while also managing to reduce its expenses and increase its cash flow. Investors should consider this information carefully when making decisions about investing in LOCKHEED MARTIN. Furthermore, they should assess the company’s financial health and outlook to determine whether it is a good investment opportunity. Some factors to consider include the company’s balance sheet, cash flow statements, and debt-to-equity ratio.
Additionally, the company’s past performance, recent trends in its industry, and potential future catalysts should be taken into account when assessing the potential for investing in LOCKHEED MARTIN.
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