Northrop Grumman Q1 sales up 6% to $9.3B, EPS $5.50; raises EPS guidance by $0.40 on expected gain

NORTHROP GRUMMAN CORP /DE/

2023-Q1 EPS reported $5.50 revenue$9,301,000,000

Sales of $9.3B, +6% YoY; diluted EPS $5.50 (vs $6.10); operating income $947M, +6%.
Segment: Aeronautics -7% sales, -23% op. income; Space Systems +17% sales, +20% op. income.
EPS guidance raised $0.40 on expected gain from sale of minority investment later in 2023.
Returned $1.0B to shareholders via dividends and share repurchases in Q1.
Net awards $8.0B; backlog $77.5B; significant awards include $3.2B restricted programs.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.99

NORTHROP GRUMMAN CORP /DE/ reported the quarter ended March 31, 2023 results: revenue $9.3 billion, net income $842 million, EPS $5.50 per diluted share. Guidance reaffirmed.

Period: the quarter ended March 31, 2023
Revenue: $9.3 billion
Net income: $842 million
EPS: $5.50 per diluted share
Guidance: reaffirmed
Result: reported results

Exact text from the filing

Northrop Grumman Corporation (NYSE: NOC) reported first quarter 2023 sales increased 6 percent to $9.3 billion

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Source: SEC EDGAR

accession 0001133421-23-000026

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