Jun 30, 2022

Northrop Grumman Q2 2022 Earnings Report

Northrop Grumman reported second quarter 2022 financial results with strong bookings and backlog growth.

Key Takeaways

Northrop Grumman reported second quarter 2022 sales of $8.8 billion, a decrease compared to $9.2 billion in the second quarter of 2021. Net earnings totaled $946 million, or $6.06 per diluted share, compared to $1.0 billion, or $6.42 per diluted share, in the second quarter of 2021. The company reaffirmed its full year guidance.

Awards of $13.0 Billion, Book to Bill of 1.48

Backlog Increases 6% to $80 Billion During the Second Quarter

Sales of $8.8 Billion

Diluted Earnings per Share of $6.06

Total Revenue
$8.8B
Previous year: $9.15B
-3.8%
EPS
$6.06
Previous year: $6.42
-5.6%
Total Backlog
$80B
Previous year: $76.6B
+4.4%
Gross Profit
$1.96B
Previous year: $2.04B
-4.1%
Cash and Equivalents
$1.17B
Previous year: $3.94B
-70.3%
Free Cash Flow
-$460M
Previous year: $798M
-157.6%
Total Assets
$41.9B
Previous year: $42.1B
-0.5%

Northrop Grumman

Northrop Grumman

Northrop Grumman Revenue by Segment

Forward Guidance

Company-Level Guidance Unchanged for Sales, EPS, and Transaction-adjusted FCF

Revenue & Expenses

Visualization of income flow from segment revenue to net income