Summary
Lockheed Martin Corporation (LMT) reported its second-quarter 2016 results, showcasing a period of solid operational performance and continued strategic execution. The company demonstrated resilience in its diverse business segments, indicating a strong backlog and effective management of ongoing programs. Investors should note the company's consistent revenue generation and its ability to maintain profitability amidst a dynamic aerospace and defense environment. The report highlights the company's commitment to delivering shareholder value through disciplined financial management and strategic investments. While specific financial figures for the quarter are detailed within the full report, the overall tone suggests a stable operational footing. The company's focus on its core defense and aerospace activities, coupled with its large, long-term contracts, provides a degree of predictability in its financial outlook. Investors are encouraged to review the detailed segment performance and forward-looking statements in the Management's Discussion and Analysis section for a comprehensive understanding of the company's strategic direction and potential future performance.
Financial Highlights
45 data points| Revenue | $11.58B |
| Cost of Revenue | $10.35B |
| Gross Profit | $1.23B |
| Operating Income | $1.38B |
| Interest Expense | $165.00M |
| Net Income | $1.02B |
| EPS (Basic) | $3.37 |
| EPS (Diluted) | $3.32 |
| Shares Outstanding (Basic) | 303.10M |
| Shares Outstanding (Diluted) | 307.10M |
Key Highlights
- 1Lockheed Martin Corporation (LMT) filed its Form 10-Q for the quarterly period ended June 26, 2016.
- 2The company is a large accelerated filer, indicating its significant market presence and financial scale.
- 3As of June 26, 2016, LMT had 302,905,786 shares of common stock outstanding.
- 4The report includes detailed financial statements such as Consolidated Statements of Earnings, Comprehensive Income, Balance Sheets, Cash Flows, and Stockholders' Equity for the relevant periods.
- 5Management's Discussion and Analysis of Financial Condition and Results of Operations (MD&A) is a key section for investors to understand performance drivers and financial health.
- 6Risk Factors are disclosed, providing insight into potential challenges and uncertainties that could affect the company's business.
- 7The company confirmed it has filed all required reports for the preceding 12 months and has been subject to filing requirements for the past 90 days.