Northrop Grumman Q2 2020 Earnings Report
Key Takeaways
Northrop Grumman reported a 5% increase in sales, reaching $8.9 billion, and a 17% increase in net earnings, amounting to $1.0 billion, or $6.01 per diluted share. The company also raised its 2020 guidance, expecting sales between $35.3 and $35.6 billion and free cash flow between $3.15 and $3.55 billion.
Net awards totaled $14.8 billion, resulting in a 1.7 book-to-bill ratio.
Total backlog increased to $70.0 billion.
Sales increased by 5 percent to $8.9 billion.
EPS increased by 19 percent to $6.01.
Northrop Grumman
Northrop Grumman
Northrop Grumman Revenue by Segment
Forward Guidance
The company is increasing its 2020 financial guidance based on year-to-date performance and its most current outlook for the remainder of the year. The company’s 2020 financial guidance reflects the impacts experienced to date from the global COVID-19 pandemic.
Revenue & Expenses
Visualization of income flow from segment revenue to net income