earnings
confidence high
sentiment neutral
materiality 0.75
Northrop Grumman Q2 sales down 4% to $8.8B; EPS $6.06; awards $13.0B
NORTHROP GRUMMAN CORP /DE/
2022-Q2 EPS reported
$12.16
revenue$17,598,000,000
- Sales $8.8B (-4% YoY); diluted EPS $6.06 vs $6.42; net earnings $946M vs $1.04B.
- Net awards $13.0B, book-to-bill 1.48; backlog up 6% to $80.0B.
- Segment operating margin rate 12.2% flat YoY; Space Systems sales +8% to $2.98B.
- Adjusted free cash flow -$460M vs +$854M; driven by $450M R&D tax payments (Sec. 174).
- FY 2022 guidance for sales, EPS and transaction-adjusted FCF reaffirmed unchanged.