LMT - Lockheed Martin's Q3 Results Beat Expectations Reaffirms FY23 Outlook | Benzinga
Lockheed Martin Corp (NYSE: LMT) reported third-quarter FY23 net sales growth of 1.8% year-over-year to $16.88 billion, above the consensus of $16.73 billion.
Adjusted EPS of $6.77 (-1.5% Y/Y) topped the consensus of $6.67.
The gross margin contracted 65 bps to 12.13%. The operating profit declined by 5.4% Y/Y to $2.04 billion, and the margin contracted by 92 bps to 12.1%.
Aeronautics sales were $6.72 billion (-5% Y/Y), and the operating margin was 10%, down by 70 bps.
Missiles and Fire Control sales of $2.94 billion (+4% Y/Y); operating margin was flat at 13.5%.
Rotary and Mission Systems sales of $4.12 billion (+9% ...