secwatch.observer — SEC 8-K summary
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Issuer:     NORTHROP GRUMMAN CORP /DE/ (NOC)
CIK:        0001133421
Form:       8-K
Filed at:   2023-01-26T23:59:59+00:00
Accession:  0001133421-23-000005
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Northrop Grumman Q4 sales up 16% to $10B; adj. EPS $7.50 (+25%); guides FY23 sales $38.0-38.4B
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- 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).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1133421/000113342123000005/0001133421-23-000005-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1133421/000113342123000005/noc-20230126.htm
  HTML page:      https://secwatch.observer/filing/0001133421-23-000005

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