Mar 31, 2022

Northrop Grumman Q1 2022 Earnings Report

Northrop Grumman's first quarter results reflected strong performance and were in line with expectations.

Key Takeaways

Northrop Grumman reported first quarter 2022 sales of $8.8 billion, a decrease compared to $9.2 billion in the first quarter of 2021. Net earnings totaled $955 million, or $6.10 per diluted share, compared to $2.2 billion, or $13.43 per diluted share, in the first quarter of 2021. The company's performance was in line with expectations, and recent global geopolitical events underscore the relevance of their capabilities.

Sales of $8.8 billion; Organic Sales Decrease 2 Percent

Operating Margin Rate of 10.2 Percent, Segment Operating Margin Rate of 11.8 Percent

Diluted Earnings per Share of $6.10

2022 Company-Level Guidance Unchanged

Total Revenue
$8.8B
Previous year: $9.16B
-3.9%
EPS
$6.1
Previous year: $6.57
-7.2%
Total Backlog
$75.8B
Previous year: $79.3B
-4.4%
Gross Profit
$1.87B
Previous year: $1.74B
+7.6%
Cash and Equivalents
$2.17B
Previous year: $3.52B
-38.2%
Free Cash Flow
-$732M
Previous year: -$271M
+170.1%
Total Assets
$41.9B
Previous year: $41.4B
+1.2%

Northrop Grumman

Northrop Grumman

Northrop Grumman Revenue by Segment

Forward Guidance

The company’s 2022 financial guidance and outlook beyond 2022 reflect what the company currently anticipates will be the impacts on the company from the global COVID-19 pandemic.

Revenue & Expenses

Visualization of income flow from segment revenue to net income