earnings
confidence high
sentiment positive
materiality 0.80
Northrop Grumman Q3 EPS $7.00 beats; raises 2024 guidance; record backlog $84.8B
NORTHROP GRUMMAN CORP /DE/
2024-Q3 EPS reported
$19.69
revenue$30,347,000,000
- Diluted EPS $7.00, up 13% YoY; net earnings $1.03B vs $937M.
- Sales $10.0B (+2% YoY); segment operating margin rate 11.5% (+40bps).
- Net awards $11.7B; record backlog $84.8B.
- Raised 2024 guidance; MTM-adjusted EPS guidance raised to $25.65-$26.05.
- Q3 free cash flow $730M, down 16% YoY; YTD free cash flow up 82% to $859M.