CLAIM #37582 · Lockheed Martin Corporation (LMT) · 2024Q2 earnings call · Jul 23, 2024 · due Dec 31, 2025
“I think given the fact that we're at a higher level in 2024 is a positive, and we continue to expect to grow in 2025 off this higher baseline.”
Jay Malave · CFO
In context
“a better medium-term free cash flow per share growth outlook in this mid-single-digit rate you've been talking about for a while. Do you just need to let these pension headwinds next year and see a bit more growth acceleration? And then you're there. Just curious for how you're thinking about that? thanks. Jay Malave: Yes. No, I appreciate the question. We've said over the last few months and really the last year or so that our goal has been to increase absolute free cash flow in the low single-digit clip, and then that augmented with share repurchase would get us to a mid-single-digit free cash flow per share expectation. That remains of the outlook. We'll go through our multiyear forecast over the next few months here, we'll be able to give you a better update in the October timeframe. I think given the fact that we're at a higher level in 2024 is a positive, and we continue to expect to grow in 2025 off this higher baseline. So, that in and of itself should result in a higher cash flow baseline as well. But there's a lot of work to be done between now and then. And so I would like to have the benefit of going through that in more detail, and we'll update that to you at least preliminarily in October. Scott Deuschle: That’s great. Thank you. Operator: Thank you. The next question is from Gavin Parsons from UBS. Please go ahead. Gavin Parsons: Thanks. Good morning. Jim Taiclet: Good morning. Gavin Parsons: Maybe sticking on revenue. You guys have talked about supply chain kind of being a bottleneck, is the upside more on the demand front or on the unlocking of the supply chain side? And if latter, can you just talk a little bit more about supply chain and what you expect going forward in the second half, becaus”
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SEC filings for LMT ↗ · Claim quote is verbatim from the 2024Q2 earnings call.