Lockheed Martin Corp. (LMT )
Lockheed Martin Corp., an American aerospace, arms, defense, information security, and technology corporation with worldwide interests on Tuesday reported its fourth-quarter earnings with net sales increasing by 4.1% annually to $17.7 billion, while Q4 2021 net earnings rose 11.1% to $2 billion.
For the full fiscal year, Lockheed reported an EPS drop of 6.3% to 22.76 compared to the full 2020. Net sales rose slightly by 2.4% to $67 billion year-on-year, while net earnings declined by 7.4% to $6.3 billion.
“We delivered significant value back to shareholders in 2021, including $7 billion in dividends and share repurchases, and our team continued to provide world-class support to our customers despite the ongoing challenges of the global pandemic.” said CEO James Taiclet.
Verizon (VZ)
Verizon Communications Inc., a telecommunications conglomerate on Tuesday announced that its total operating revenues for the fourth quarter of 2021 fell by 1.8% to $34.1 billion.
Net income rose by 0.4% to $4.74 billion while operating income was up 6% year on year to $7.61 billion in the fourth quarter.
Full-year 2021 total operating revenues also rose by 4.1% to $133.6 billion as operating income jumped 12.7% to $32.45 billion. Net income surged 23.3% to $22.62 billion.
American Express (AXP)
The American Express Co., a multinational corporation specialized in payment card services, on Tuesday said that its fourth-quarter revenue increased by 30% to reach $12.1 billion while net income was up 20% to $1.72 billion.
“Based on our new growth plan and the benefits we anticipate from an improving macro environment, we expect to generate elevated levels of revenue growth in 2022 in the range of 18 to 20 percent and earnings per share of $9.25 to $9.65. Longer term, as the economy reaches a steady state, our aspiration is to achieve revenue growth in excess of 10 percent and EPS growth in the mid-teens”, said Stephen J. Squeri, Chairman and Chief Executive Officer.
Raytheon Tech (RTX)
Raytheon Technologies Corp. on Tuesday reported its fourth quarter earnings with revenue soaring 4% to $17.04 billion. The multinational aerospace and defense conglomerate said net income was up by 369% to $685 million compared to the previous year’s $146 million.
“We closed the year on a strong note with full-year adjusted EPS and free cash flow significantly exceeding the outlook we set a year ago,” Raytheon Technologies Chairman and CEO Greg Hayes said in the report.
3M Company (MMM)
3M Company, an American multinational conglomerate corporation operating in the fields of industry, worker safety, US health care, and consumer goods, on Tuesday said that its sales in the fourth quarter of 2021 rose slightly by 0.3% to $8.6 billion.
Net income for the period stood at $1.3 billion as sales climbed 9.9% to $35.4 billion.
Johnson & Johnson (JNJ)
Johnson & Johnson, an American multinational corporation founded in 1886 that develops medical devices, pharmaceuticals, and consumer packaged goods announced on Tuesday that sales for the fourth quarter increased 10.4% to $24.8 billion, while net earnings soared 172.5% to $4.7 billion.
Full-year sales rose by 13.6% to $93.8 billion, and net earnings was up 42.1% year on year to $20.9 billion.
General Electric (GE)
General Electric Co. (GE) on Tuesday said total revenues for the fourth quarter of 2021 dropped on an annual basis to $20.3 billion. The company totaled $79.4 billion in orders for a 10% increase.
Unilever PLC (ULVR) to cut 1,500 jobs worldwide
Unilever PLC has announced plans to cut 1,500 jobs worldwide as part of changes to its organizational model. The affected positions are in senior and junior management as the company seeks to reduce the roles by 15% and 5% respectively.
The consumer goods company also said it is abandoning “its current matrix structure and will be organized around five distinct Business Groups: Beauty & Wellbeing, Personal Care, Home Care, Nutrition, and Ice Cream.” CEO Alan Jope said.
Nio Follows Tesla Into Crypto Fray By Issuing NFTs To Staff – Benzinga
Benzinga news reported on Tuesday that Chinese electric vehicle maker Nio Inc. has followed rival Tesla Inc. into the world of cryptocurrencies by issuing non fungible tokens (NFTs)to its staff.
Nio — which issues brooches to its employees every year to mark the company’s growth — has issued NFT digital brooches to its employees this year, cnEVPost reported, citing information shared by Ma Lin, Nio’s senior director of corporate communications.
This comes after rival Tesla’s ventured into the world of cryptocurrencies last year with its purchase of Bitcoin (CRYPTO: BTC) and its recent acceptance of Dogecoin for the purchase of merchandise on its online shop.
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