Northrop Grumman Q3 sales +9% to $9.8B; raises 2023 sales guidance to ~$39B

NORTHROP GRUMMAN CORP /DE/

2023-Q3 EPS reported $17.00 revenue$28,652,000,000

Diluted EPS $6.18 vs $5.89 YoY; net earnings $937M (+2%).
Segment operating income +8% to $1.09B; total backlog record $84B.
Net awards $15B, book-to-bill 1.53; sales guidance raised $400M to ~$39B.
Operating cash flow $1.2B; adjusted free cash flow $869M, down 24% on higher capex.
All four sectors grew: Space Systems +11%, Aeronautics +9%, Mission +7%, Defense +6%.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

NORTHROP GRUMMAN CORP /DE/ reported the quarter ended September 30, 2023 results: revenue $9.8 billion, net income $937 million, EPS $6.18. Guidance raised.

Period: the quarter ended September 30, 2023
Revenue: $9.8 billion
Net income: $937 million
EPS: $6.18
Guidance: raised
Result: reported results

Exact text from the filing

Grumman Reports Third Quarter 2023 Financial Results • Net awards of $15 billion; book to bill of 1.53 • Total backlog rises to record $84 billion • Sales increased 9 percent to $9.8 billion • Operating income increased 20 percent; segment operating income 1 increased 8 percent • Diluted earnings per share of $6.18 • Operating cash flow of $1.2 billion • Company

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Source: SEC EDGAR

accession 0001133421-23-000052

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