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Dec 31, 2019
Northrop Grumman Q4 2019 Earnings Report
Northrop Grumman's Q4 2019 financial results were reported, with sales increasing by 7% and backlog increasing by 21%.
Key Takeaways
Northrop Grumman reported a 7% increase in sales to $8.7 billion for the fourth quarter of 2019. The company experienced a net loss of $409 million due to a $1.4 billion after-tax mark-to-market (MTM) expense. However, MTM-adjusted net earnings increased 12% to $949 million, or $5.61 per share. The total backlog increased by 21% to $64.8 billion.
Q4 sales increased 7% to $8.7 billion.
Net loss of $409 million, impacted by a $1.4 billion after-tax MTM expense.
MTM-adjusted EPS was $5.61.
Total backlog increased 21% to $64.8 billion.
Northrop Grumman
Northrop Grumman
Northrop Grumman Revenue by Segment
Forward Guidance
Northrop Grumman expects 2020 sales of $35.3 to $35.8 billion, MTM-adjusted EPS of $22.75 to $23.15, and free cash flow of $3.15 to $3.45 billion.
Revenue & Expenses
Visualization of income flow from segment revenue to net income