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Jun 30, 2023
Northrop Grumman Q2 2023 Earnings Report
Northrop Grumman's Q2 2023 financial performance reflected a 9% increase in sales and diluted earnings per share of $5.34.
Key Takeaways
Northrop Grumman reported a 9% increase in sales, reaching $9.6 billion, driven by strong global demand, improved supply chain deliveries, and successful talent acquisition. Diluted earnings per share were $5.34. The company increased its full-year sales guidance by $400 million, indicating a positive outlook.
Net awards reached $10.9 billion, resulting in a book-to-bill ratio of 1.14.
Sales increased by 9% to $9.6 billion.
Diluted earnings per share (EPS) amounted to $5.34.
Operating cash flow was $919 million.
Northrop Grumman
Northrop Grumman
Northrop Grumman Revenue by Segment
Forward Guidance
Northrop Grumman increased its 2023 sales guidance by $400 million and the low end of its EPS guidance range by $0.20.
Revenue & Expenses
Visualization of income flow from segment revenue to net income