earnings
confidence high
sentiment positive
materiality 0.80
Northrop Grumman Q4 sales up 16% to $10B; adj. EPS $7.50 (+25%); guides FY23 sales $38.0-38.4B
NORTHROP GRUMMAN CORP /DE/
2022-FY EPS reported
$31.47
revenue$36,602,000,000
- Q4 transaction-adjusted EPS $7.50 (+25% YoY); FY22 adj. EPS $25.54 vs $25.63 prior yr.
- FY22 net cash from ops $2.9B; transaction-adjusted FCF $1.6B, impacted by ~$900M Section 174 tax payments.
- FY23 sales guidance raised to $38.0-38.4B; management expects >20% cash flow CAGR through 2025.
- Backlog $78.7B; 2022 net awards $39.3B (book-to-bill 1.07); Space Systems Q4 sales +23%.
- FY22 operating margin rate 9.8% (15.8% prior yr due to prior yr gain on IT services sale).