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Earnings, Sales Flat In Fourth Quarter But Beat Lockheed Martin’s Expectations

Cal Biesecker By
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Earnings, Sales Flat In Fourth Quarter But Beat Lockheed Martin’s Expectations
Jesus "Jay" Malave. Boeing's incoming chief financial officer.(Lockheed Martin Photo)

Lockheed Martin [LMT] on Tuesday posted flat earnings and a scant decline in sales in the fourth quarter, but the results were better than the company had forecast, leading to strong overall results in 2023. Net income in the quarter was $1.9 billion, $7.58 earnings per share (EPS), versus $1.9 billion ($7.40 EPS) a year ago. The results were negatively impacted by a $73 million (30 cents EPS) after-tax charge related to severance and asset impairments. Per share results were…

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