Entering text into the input field will update the search result below

Lockheed beats estimates, divests IT unit

Jan. 26, 2016 7:50 AM ETLeidos Holdings, Inc. (LDOS) StockLMT, LDOSBy: Yoel Minkoff, SA News Editor2 Comments
  • Net earnings of $933M, or $3.01 per share vs. $904M, or $2.82 per share, in the same quarter a year ago.
  • Sales by segment: Aeronautics +6%; Information Systems -6.3%; Missiles and Fire Control +0.75%; Mission Systems and Training +13.6%; Space Systems -8%.
  • Cash from operations $1.4B; Capex $439M; Repurchased 3.2M shares.
  • The company has agreed to separate and combine its realigned Information Systems & Global Solutions business segment with Leidos (NYSE:LDOS), unlocking $5B in estimated enterprise value for Lockheed shareholders.
  • "The successful closure of the Sikorsky acquisition and completion of the strategic review of our IS&GS businesses, coupled with our record backlog, position the corporation for future growth and value creation for our customers and our stockholders," CEO Marillyn Hewson declared.
  • Financial outlook for 2016: Diluted earnings per share of $11.45-$11.75, on net sales of $49.5B-$51B.
  • LMT +0.8% premarket
  • Q4 results

Recommended For You

About LDOS Stock

SymbolLast Price% Chg
Market Cap
PE
Yield (TTM)
Rev Growth (YoY)
Prev. Close
Compare to Peers

Related Stocks

SymbolLast Price% Chg
LDOS--
Leidos Holdings, Inc.