Northrop Grumman Q1 2023 Earnings Report
Key Takeaways
Northrop Grumman reported a 6% increase in sales to $9.3 billion and a 6% increase in operating income to $947 million for the first quarter of 2023. Diluted earnings per share were $5.50. The company reaffirmed its 2023 guidance for sales, operating income, and adjusted free cash flow.
Sales increased 6 percent to $9.3 billion.
Operating income increased 6 percent to $947 million.
Diluted earnings per share of $5.50.
$1.0 billion returned to shareholders through dividends and share repurchases.
Northrop Grumman
Northrop Grumman
Northrop Grumman Revenue by Segment
Forward Guidance
The company reaffirmed its 2023 guidance for sales, operating income, and adjusted free cash flow based on the strength of Q1 performance and full year outlook. Expect gain on sale of minority investment in an international business later this year.
Revenue & Expenses
Visualization of income flow from segment revenue to net income