Looking to 2025, Lockheed Martin reiterated its sales guidance in the range of $73.75-$74.75 billion, but it cut its business segment operating profit expectations for the year to the range of $6.6-$6.7 billion from $8.1-$8.2 billion. Diluted earnings per share for 2025 is now expected in the range of $21.70-$22.00, down from the range of $27.00-$27.30 previously. Lockheed maintained its cash flow from operations guidance for 2025 in the range of $8.5-$8.7 billion. It also maintained its free cash flow guidance for the year in the range of $6.6-$6.8 billion. We didn’t like the announced pre-tax losses on programs but were encouraged that Lockheed stuck with its annual free cash flow outlook. Lockheed Martin remains an idea in the Dividend Growth Newsletter portfolio.
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