earnings
confidence high
sentiment positive
materiality 0.80
Northrop Grumman Q3 EPS $6.63 (+13% YoY); raises FY 2021 EPS guidance by $0.80 to $25.20-$25.60
NORTHROP GRUMMAN CORP /DE/
2021-Q3 EPS reported
$26.55
revenue$27,028,000,000
- Q3 sales $8.72B (-4% YoY); organic sales +3% to $8.7B, driven by 22% growth at Space Systems.
- Net earnings $1.06B, diluted EPS $6.63 (+13%); segment operating margin rate 11.9% (up 40 bps).
- FY 2021 transaction-adjusted EPS guidance raised by $0.80 to $25.20-$25.60 on strong performance.
- Backlog $74.8B; Q3 net awards $6.9B including $1.8B restricted programs, $0.9B NASA HALO, $0.5B F-35.
- COVID-19 labor and supply chain challenges; F-35 program recorded $42M unfavorable EAC adjustment.