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Sep 30, 2023
Northrop Grumman Q3 2023 Earnings Report
Northrop Grumman reported strong third-quarter results with increased sales, operating income, and earnings per share, driven by solid program performance and record backlog.
Key Takeaways
Northrop Grumman reported a strong third quarter in 2023, with sales increasing by 9% to $9.8 billion and net earnings rising to $937 million, or $6.18 per diluted share. The company's backlog reached a record $84 billion, and it raised its 2023 sales guidance by $400 million to approximately $39 billion.
Net awards reached $15 billion, resulting in a book-to-bill ratio of 1.53.
Total backlog increased to a record $84 billion.
Sales grew by 9 percent to $9.8 billion.
The company increased its 2023 sales guidance by $400 million to approximately $39 billion.
Northrop Grumman
Northrop Grumman
Northrop Grumman Revenue by Segment
Forward Guidance
Northrop Grumman raised its 2023 sales guidance to ~$39 billion and reaffirmed diluted EPS and free cash flow guidance.
Revenue & Expenses
Visualization of income flow from segment revenue to net income