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