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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
Revenue by Segment
Aeronautics Systems Revenue
CapyFin.comDefense Systems Revenue
CapyFin.comMission Systems Revenue
CapyFin.comSpace Systems Revenue
CapyFin.com 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