Northrop Grumman Q1 sales up 9% to $10.1B, EPS rises 15% to $6.32

NORTHROP GRUMMAN CORP /DE/

2024-Q1 EPS reported $6.32 revenue$10,133,000,000

Sales $10.1B (+9% YoY); operating income $1,071M (+13%); net earnings $944M.
Aeronautics Systems sales +18% to $2.97B; segment operating margin improved to 10.0%.
Space Systems sales +9% to $3.66B; operating margin edged down to 9.1% from 9.3%.
Free cash flow improved to -$976M from -$1,011M; returned $1.5B to shareholders.
Reaffirmed 2024 guidance; backlog $78.9B with net awards $6.5B in Q1.

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 first quarter 2024 results: revenue $10.1 billion, net income $944 million, EPS $6.32 per diluted share. Guidance reaffirmed.

Period: first quarter 2024
Revenue: $10.1 billion
Net income: $944 million
EPS: $6.32 per diluted share
Guidance: reaffirmed
Result: reported results

Exact text from the filing

Northrop Grumman Reports First Quarter 2024 Financial Results • Sales increase 9 percent to $10.1 billion • Operating income increases 13 percent driven by strong performance and cost efficiencies • Diluted earnings per share increase 15 percent to $6.32 • $1.5 billion returned to shareholders through dividends and share repurchases • Reaffirming 2024 company-level guidance

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Source: SEC EDGAR

accession 0001133421-24-000025

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