Northrop Grumman Q3 EPS $5.89, sales up 3%; FY22 guidance near low end

NORTHROP GRUMMAN CORP /DE/

2022-Q3 EPS reported $18.06 revenue$26,569,000,000

Diluted EPS $5.89 (down 11% YoY), includes $0.18 hit from marketable securities; net earnings $915M.
Sales $9.0B (+3% YoY) led by Space Systems (+18%); Aeronautics down 7%, Defense Systems down 5%.
Segment operating margin rate 11.2% (down 70bps) due to lower net EAC adjustments from inflationary pressure.
Operating cash flow $1.335B (+15% YoY); adjusted free cash flow $1.139B (+21%).
FY2022 guidance: sales & EPS near low end ($36.2-36.6B; $24.50-25.10); FCF $1.5-1.8B unchanged.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

NORTHROP GRUMMAN CORP /DE/ reported FY 2022 results: revenue approximately $36.2 — $36.6 billion, EPS $24.50 — $25.10. Guidance reaffirmed.

Period: FY 2022
Revenue: approximately $36.2 — $36.6 billion
EPS: $24.50 — $25.10
Guidance: reaffirmed
Result: guidance update

Exact text from the filing

The company expects 2022 sales and diluted earnings per share near the low end of our guidance ranges of approximately $36.2 — $36.6 billion and $24.50 — $25.10, respectively. We continue to expect transaction-adjusted free cash flow 1 of $1.5 — $1.8 billion based on current tax law, which requires the amortization of current year research and development expenditures over five years.

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NORTHROP GRUMMAN CORP /DE/ filing history →

Source: SEC EDGAR

accession 0001133421-22-000041

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