•
Jun 30, 2024
Northrop Grumman Q2 2024 Earnings Report
Northrop Grumman's Q2 2024 financial performance was marked by increased sales and earnings, driven by strong demand and operational efficiencies.
Key Takeaways
Northrop Grumman reported a 7% increase in sales, reaching $10.2 billion, and a 19% increase in diluted earnings per share to $6.36. The company also raised its 2024 sales guidance to $41.0 - $41.4 billion and MTM-adjusted EPS guidance to $24.90 - $25.30.
Net awards totaled $15.1 billion, resulting in a book-to-bill ratio of 1.5x.
Sales increased by 7% to $10.2 billion, driven by strong demand for products and services.
Operating income increased by 13% due to strong performance and cost efficiencies.
Free cash flow increased by 80% to $1.1 billion.
Northrop Grumman
Northrop Grumman
Northrop Grumman Revenue by Segment
Forward Guidance
Northrop Grumman raised its 2024 sales guidance to $41.0 - $41.4 billion and MTM-adjusted EPS guidance to $24.90 - $25.30.
Revenue & Expenses
Visualization of income flow from segment revenue to net income