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Lockheed Martin announces third quarter 2005 results

27-Oct-2005

BETHESDA (Lockheed Martin) - Lockheed Martin Corporation today reported third quarter 2005 net earnings of $427 million ($0.96 per diluted share) compared to $307 million ($0.69 per diluted share) in 2004. 

Net sales were $9.2 billion, a 9% increase over third quarter 2004 sales of $8.4 billion. Cash from operations for the third quarter of 2005 was $893 million.
 
THIRD QUARTER NET EARNINGS UP 39% TO $427 MILLION; YEAR-TO-DATE NET EARNINGS UP 41% TO $1.3 BILLION

  • THIRD QUARTER EARNINGS PER SHARE UP 39% TO $0.96; YEAR-TO-DATE EARNINGS PER SHARE UP 41% TO $2.81
  • THIRD QUARTER NET SALES UP 9% TO $9.2 BILLION; YEAR-TO-DATE SALES UP 6% TO $27.0 BILLION
  • GENERATES $893 MILLION IN CASH FROM OPERATIONS IN THE THIRD QUARTER; $3.1 BILLION YEAR-TO-DATE AND INCREASES FULL YEAR 2005 OUTLOOK
  • INCREASES OUTLOOK FOR 2005 EARNINGS PER SHARE TO $3.85 - $3.95; PROVIDES OUTLOOK FOR 2006 EARNINGS PER SHARE OF $4.00 - $4.25

“We have consistently driven operational performance to higher levels throughout each quarter this year, highlighted by strong growth in our net earnings,” said Bob Stevens, Chairman, President and CEO.

 “Additionally, every business segment has contributed to the enterprise-wide focus on improving the returns on our investment base. As a result, our return on invested capital is expected to exceed 15% in 2005.”

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