Jun 30, 2021

Northrop Grumman Q2 2021 Earnings Report

Northrop Grumman's Q2 2021 financial performance was strong, with sales and earnings guidance for 2021 being raised.

Key Takeaways

Northrop Grumman reported a 3% increase in sales to $9.2 billion and a 3% increase in net earnings to $1.04 billion, or $6.42 per diluted share, compared to the second quarter of 2020. The company raised its 2021 sales guidance to $35.8 billion to $36.2 billion and transaction-adjusted EPS guidance to $24.40 to $24.80.

Sales increased 3 percent to $9.2 billion; organic sales increased 10 percent.

Operating margin rate of 11.4 percent, segment operating margin rate of 12.2 percent.

EPS increased 7 percent to $6.42.

Company raises 2021 sales guidance to $35.8 billion to $36.2 billion and transaction-adjusted EPS guidance to $24.40 to $24.80.

Total Revenue
$9.15B
Previous year: $8.88B
+3.0%
EPS
$6.42
Previous year: $6.01
+6.8%
Total Backlog
$76.6B
Previous year: $70B
+9.5%
Gross Profit
$2.04B
Previous year: $1.83B
+11.9%
Cash and Equivalents
$3.94B
Previous year: $4.18B
-5.7%
Free Cash Flow
$798M
Previous year: $2.07B
-61.4%
Total Assets
$42.1B
Previous year: $43.5B
-3.1%

Northrop Grumman

Northrop Grumman

Northrop Grumman Revenue by Segment

Forward Guidance

Northrop Grumman raised its 2021 sales guidance to $35.8 billion to $36.2 billion and transaction-adjusted EPS guidance to $24.40 to $24.80.

Revenue & Expenses

Visualization of income flow from segment revenue to net income