Lockheed Martinin 4Q 2018

Lockheed Martin julkaisi 4Q 2018 tuloksensa 29.1. Pääkohdat:

  • net sales of $14.4 billion, compared to $13.8 billion in the fourth quarter of 2017
  • Net earnings from continuing operations in the fourth quarter of 2018 was $1.3 billion, or $4.39 per share, compared to a net loss from continuing operations of $817 million, or $2.85 per share, in the fourth quarter of 2017. The net loss from continuing operations in the fourth quarter of 2017 included a net one-time charge of $2.0 billion ($6.88 per share), substantially all of which was non-cash, primarily related to the estimated impacts of the Tax Cuts and Jobs Act (the “Tax Act”). Excluding the estimated impacts of the Tax Act, adjusted earnings from continuing operations were $1.2 billion, or $4.03 per share, in the fourth quarter of 2017. Cash from operations in the fourth quarter of 2018 was $2.2 billion, compared to $1.5 billion in the fourth quarter of 2017
  • Net sales in 2018 was $53.8 billion, compared to $50.0 billion in 2017
  • Net earnings from continuing operations in 2018 was $5.0 billion, or $17.59 per share, compared to $1.9 billion, or $6.50 per share, in 2017
  • Cash from operations in 2018 was $3.1 billion.
  • backlog increased  by nearly 20% in the quarter, finishing December with $130 billion on the books.

Yhtiö antoi vuodelle 2019 tälläisen ennusteen:

  • net sales 55.75 – 57.25 billion
  • eps $19.15 – $19.45

Kasvua siis tulee, mutta F35 voittokulku ei ole ihan aukoton. Saksa ei valinnut F35:sta hävittäjäkseen. Nykykurssilla 290.58 dollaria on yhtiön kuluvan vuoden PE  14.9 – 15. Ihan kohtuullisissa lukemissa ollaan. Omistan yhtiön osakkeita.

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