Post-Earnings Briefing - Lockheed Martin

LONDON, February 17, 2015 /PRNewswire/ --

Editor Note: For more information about this release, please scroll to bottom.

Investor-Edge.com has issued free post-earnings review on Lockheed Martin Corp. (NYSE: LMT). On January 27, 2015, the company reported its financial results for Q4 FY14 and full year FY14 (period ended December 31, 2014). Click on http://get.Investor-Edge.com/pdf/?c=Lockheed%20Martin&d=17-Feb-2015&s=LMT to read our free earnings review on Lockheed Martin Corporation (Lockheed Martin). During Q4 FY14 and full year FY14, Lockheed Martin recorded GAAP net sales of $12.53 billion and $45.60 billion, respectively. Chairman, President, and CEO of Lockheed Martin, Marillyn Hewson stated that the company delivered outstanding performance in Q4 FY14, which enabled it to end FY14 with sales growth and a backlog of nearly $81 billion, while also returning more than $3.7 billion to its shareholders. Our free coverage report can be accessed at:

http://get.Investor-Edge.com/pdf/?c=Lockheed%20Martin&d=17-Feb-2015&s=LMT

Earnings Overview 

During Q4 FY14, Lockheed Martin's GAAP net sales improved by $997 million from $11.53 billion in Q4 FY13. Lockheed Martin's Aeronautics segment and Missiles and Fire Control segment revenue improved 6% Y-o-Y and 17% Y-o-Y in Q4 FY14. Additionally, the company's revenues from its Mission Systems and Training segment and Space Systems segment grew 12% Y-o-Y and 19% Y-o-Y in Q4 FY14. However, revenues from its Information Systems and Global Solutions segment fell 5% Y-o-Y in Q4 FY14. Free research on LMT can be downloaded in PDF format at:

http://get.Investor-Edge.com/pdf/?c=Lockheed%20Martin&d=17-Feb-2015&s=LMT

In Q4 FY14, Lockheed Martin's GAAP net earnings surged to $904 million, or $2.82 per diluted share, from $488 million, or $1.50 per diluted share, in Q4 FY13. Moreover, the company's cash used in operation was $(201) million in Q4 FY14, compared to cash generated from operation of $938 million in Q4 FY13.

For FY14, Lockheed Martin's GAAP net sales improved by $242 million from $45.36 billion in FY13. The company's GAAP net earnings improved to $3.61 billion, or $11.21 per diluted share in FY14, from $2.98 billion, or $9.13 per diluted share, in FY13. Analysts at Bloomberg had expected GAAP net earnings of $3.63 billion, or $11.21 per diluted share, on GAAP net sales of $45.0 billion in FY14. Additionally the company generated cash from operation of $3.87 billion in FY14, compared to $4.55 billion in FY13.

Ms. Hewson asserted that the company's performance was the result of solid program execution by the team, strong international business growth and a continued focus on the affordability of products and operations. Sign up and read the free analyst's notes on LMT at:

http://get.Investor-Edge.com/pdf/?c=Lockheed%20Martin&d=17-Feb-2015&s=LMT

Lockheed Martin repurchased of 1.2 million common shares for $224 million in Q4 FY14 and 11.5 million shares for $1.9 billion in FY14. The company also paid cash dividend of $474 million in Q4 FY14 and $1.8 billion in FY14.

In its outlook for FY15, the company expects net sales in the range of $43.50 billion and $45.00 billion. The company also anticipates consolidated operating profit to be in the range of $5.30 billion and $5.45 billion for FY15 with diluted earnings per share in the range of $10.80 to $11.10. Visit Investor-Edge and access the latest research on LMT at:

http://get.Investor-Edge.com/pdf/?c=Lockheed%20Martin&d=17-Feb-2015&s=LMT

Stock Performance 

On the day of the earnings release, January 27, 2015, Lockheed Martin's stock lost 2.62% to end the session at $190.55. Since then, the stock has mostly witnessed a positive momentum. On the last close, Friday, February 13, 2015, the company's shares finished 0.27% lower at $196.95, after vacillating between $196.19 and $198.39. A total of 1.25 million shares were traded which was below its three months average volume of 1.27 million shares. Over the last one month and over the previous three months, the company's shares have advanced 1.15% and 5.55%, respectively. Further, the stock has gained 20.91% in the past one year. Shares in Lockheed Martin are trading above their 50-day and 200-day moving averages of $192.54 and $177.32, respectively. Furthermore, the stock traded at a PE ratio of 17.26.

Sneak Peek to Corporate Insider Trading 

In the last one month, there were 30 corporate insider transactions made by 12 individuals. Between January 29, 2015 and February 11, 2015, a total of 22,006 shares have been purchased at an average price of $83.84 per share and for a total value of $1.84 million. During the same period, a total of 48,908 shares, worth $9.37 million, were sold at an average price of $191.49 per share. The following are a few key transactions during the aforementioned period: Richard H. Edwards, Executive Vice President - Missiles and Fire Control at Lockheed Martin, bought 9,499 shares at an average price of $81.37 per share and sold 10,015 shares at an average price of $192.82 per share. Richard F. Ambrose, Executive Vice President - Space Systems at Lockheed Martin, purchased 4,787 shares at a price of $82.01 per share and disposed 6,821 shares at an average price of $195.64 per share. David B. Burritt, Director at Lockheed Martin, bought 6,329 shares at an average price of $89.32 per share and sold 3,940 shares at an average price of $192.48 per share. Complimentary in-depth research on LMT is available at:

http://get.Investor-Edge.com/pdf/?c=Lockheed%20Martin&d=17-Feb-2015&s=LMT

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