earnings
confidence high
sentiment positive
materiality 0.85
Northrop Grumman Q2 2024 EPS $6.36 (+19% YoY); raises full-year guidance
NORTHROP GRUMMAN CORP /DE/
2024-Q2 EPS reported
$12.69
revenue$20,351,000,000
- Sales $10.2B (+7% YoY); net earnings $940M; diluted EPS $6.36 vs $5.34.
- Operating income $1.09B (+13%); free cash flow $1.1B (+80%) on improved working capital.
- Net awards $15.1B (book-to-bill 1.5x); backlog $83.1B, after $0.7B NGI termination.
- FY2024 guidance raised: sales $41.0-41.4B, MTM-adjusted EPS $24.90-$25.30.
- Aeronautics Systems sales +14% to $2.96B; Space Systems margin improved to 9.1%.