Lockheed Martin Q2 sales $18.2 bln, net earnings $342 mln, pre-tax losses $1.6 bln.

• Lockheed Martin Q2 sales: $18.2 billion, up from $18.1 billion YoY • Pre-tax losses: $1.6 billion • Net earnings: $342 million, or $1.46 per share • Cash from operations: $201 million • Free cash flow: $(150) million • Returned $1.3 billion to shareholders via dividends and share repurchases • Reaffirmed 2025 guidance for sales and free cash flow

Lockheed Martin Corporation (LMT) has reported its second quarter 2025 financial results, showcasing a strong performance despite significant program-related losses and other charges. The company reported sales of $18.2 billion, a 0.6% increase year-over-year (YoY) from $18.1 billion in the second quarter of 2024 [2].

The company's net earnings for the quarter were $342 million, or $1.46 per share, a notable decline from $1.6 billion, or $6.85 per share, in the same period last year. This decrease was primarily due to pre-tax losses of $1.6 billion, including additional charges of $169 million [2]. The pre-tax losses were attributed to several programs, including a classified program at the Aeronautics business segment, the Canadian Maritime Helicopter Program (CMHP), and the Turkish Utility Helicopter Program (TUHP) [2].

Cash from operations was $201 million, down from $1.9 billion in the second quarter of 2024. Free cash flow was $(150) million, compared to $1.5 billion in the same period last year. The company also returned $1.3 billion to shareholders through dividends and share repurchases [2].

Despite the challenges, Lockheed Martin reaffirmed its 2025 guidance for sales and free cash flow. The company's CEO, Jim Taiclet, stated that the company remains committed to delivering critical capabilities and is focused on growth and innovation. The company's foundation remains solid, with sequential sales growth and investments in infrastructure and innovation for growth [2].

The company's Zacks Rank is currently #4 (Sell), indicating that it is expected to lag the overall market performance in the near future [1]. However, the company's strong performance in combat operations and the promise of advanced technologies in development suggest that it is well-positioned to support critical programs and maintain its market position.

References:

[1] https://finance.yahoo.com/news/insights-lockheed-lmt-q2-wall-131504992.html

[2] https://www.prnewswire.com/news-releases/lockheed-martin-reports-second-quarter-2025-financial-results-302510084.html