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Lockheed Martin Corp (LMT) SEC Filing 10-Q Quarterly report for the period ending Sunday, September 30, 2018

Lockheed Martin Corp

CIK: 936468 Ticker: LMT
Exhibit 99.1
pg1img1_ex91-1.jpg
 
  
 
News Release
 

Lockheed Martin Reports Third Quarter 2018 Results
 
Net sales of $14.3 billion
Net earnings of $1.5 billion, or $5.14 per share
Increased quarterly dividend rate to $2.20 per share
Increased share repurchase authority by $1.0 billion
Achieved backlog of $109 billion
Updates 2018 financial outlook and provides financial trend information for 2019

BETHESDA, Md., Oct. 23, 2018 – Lockheed Martin [NYSE: LMT] today reported third quarter 2018 net sales of $14.3 billion, compared to $12.3 billion in the third quarter of 2017. Net earnings in the third quarter of 2018 were $1.5 billion, or $5.14 per share, compared to $963 million, or $3.32 per share, in the third quarter of 2017. Cash from operations in the third quarter of 2018 was $361 million after pension contributions of $1.5 billion, compared to cash from operations of $1.8 billion in the third quarter of 2017, with no pension contributions.
 
“Our team achieved another quarter of strong growth leading us to improve our expectations for our full-year financial results,” said Lockheed Martin Chairman, President and CEO Marillyn Hewson. “As we look ahead to 2019, we remain focused on providing innovative, essential solutions to customers, and continuing to generate growth and long-term value for shareholders.”







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The following information was filed by Lockheed Martin Corp (LMT) on Tuesday, October 23, 2018 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-Q Quarterly Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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Inside Lockheed Martin Corp's 10-Q Quarterly Report:

Financial Statements, Disclosures and Schedules

Inside this 10-Q Quarterly Report

Document And Entity Information
Consolidated Balance Sheets
Consolidated Balance Sheets (Parenthetical)
Consolidated Statements Of Cash Flows
Consolidated Statements Of Comprehensive Income
Consolidated Statements Of Earnings
Consolidated Statements Of Equity
Basis Of Presentation
Contract Assets And Liabilities
Contract Assets And Liabilities (Details)
Contract Assets And Liabilities (Tables)
Contract Assets And Liabilities - Narrative (Details)
Earnings Per Common Share
Earnings Per Common Share (Tables)
Earnings Per Common Share - Narrative (Details)
Earnings Per Common Share - Schedule Of Weighted Average Shares Outstanding Used To Compute Earnings Per Common Share (Details)
Fair Value Measurements
Fair Value Measurements (Tables)
Fair Value Measurements - Narrative (Details)
Fair Value Measurements - Schedule Of Assets And Liabilities Measured And Recorded At Fair Value (Details)
Information On Business Segments
Information On Business Segments (Tables)
Information On Business Segments - Fas/Cas Pension Adjustment (Details)
Information On Business Segments - Income Statement Information For Each Segment (Details)
Information On Business Segments - Narrative (Details)
Information On Business Segments - Summary Of Operating Results For Each Business Segment (Details)
Information On Business Segments - Total Assets For Each Business Segment (Details)
Inventories
Inventories (Details)
Inventories (Tables)
Legal Proceedings And Contingencies
Legal Proceedings And Contingencies (Details)
Other
Other - Equity Method Investee Impairment (Narrative) (Details)
Other - Income Taxes (Narrative) (Details)
Other - Long-Term Debt And Commercial Paper (Details)
Other - Severance And Restructuring Charges (Details)
Postretirement Benefit Plans
Postretirement Benefit Plans (Tables)
Postretirement Benefit Plans - Narrative (Details)
Postretirement Benefit Plans - Schedule Of Pretax Net Periodic Benefit Cost (Details)
Recent Accounting Pronouncements
Recent Accounting Pronouncements (Details)
Recent Accounting Pronouncements (Tables)
Recent Accounting Pronouncements - Effect Of Topic 606 And Asu 2017-07 Adoption On Balance Sheets (Details)
Recent Accounting Pronouncements - Effect Of Topic 606 And Asu 2017-07 Adoption On Cash Flows Statement (Details)
Recent Accounting Pronouncements - Effect Of Topic 606 And Asu 2017-07 Adoption On Income Statement (Details)
Significant Accounting Policy Updates
Significant Accounting Policy Updates (Details)
Significant Accounting Policy Updates (Policies)
Significant Accounting Policy Updates - Remaining Performance Obligations (Details)
Stockholders' Equity
Stockholders' Equity (Tables)
Stockholders' Equity - Dividends (Narrative) (Details)
Stockholders' Equity - Repurchases Of Common Stock (Narrative) (Details)
Stockholders' Equity - Restricted Stock Unit Grants (Narrative) (Details)
Stockholders' Equity - Schedule Of Changes In The Balance Of Aocl, Net Of Tax (Details)
Ticker: LMT
CIK: 936468
Form Type: 10-Q Quarterly Report
Accession Number: 0000936468-18-000067
Submitted to the SEC: Thu Oct 25 2018 1:21:51 PM EST
Accepted by the SEC: Thu Oct 25 2018
Period: Sunday, September 30, 2018
Industry: Guided Missiles And Space Vehicles And Parts

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