Northrop Grumman Q1 2020 Earnings Report
Key Takeaways
Northrop Grumman reported a 5% increase in sales to $8.6 billion and a 2% increase in EPS to $5.15. Net awards totaled $7.9 billion and the company updated its 2020 sales and MTM-adjusted EPS guidance for expected COVID-19 related impacts, while free cash flow guidance remained unchanged.
Sales increased 5 percent to $8.6 billion, driven by higher sales in all four sectors.
EPS increased 2 percent to $5.15.
Net awards totaled $7.9 billion.
2020 sales and MTM-adjusted EPS guidance were updated for expected COVID-19 related impacts; free cash flow guidance was unchanged.
Northrop Grumman
Northrop Grumman
Northrop Grumman Revenue by Segment
Forward Guidance
The company is updating its 2020 financial guidance in light of both the impacts we have experienced to date from the global COVID-19 pandemic and what we currently anticipate, based on what we understand today, to be the impacts on the company for the remainder of the year.
Revenue & Expenses
Visualization of income flow from segment revenue to net income