Categories Earnings, Industrials
Earnings Summary: Northrop Grumman Corporation reports Q3 2023 results
Northrop Grumman Corporation (NYSE: NOC), a leading aerospace and defense company, Friday reported financial results for the third quarter of 2023.
- In the three months ended September 2023, Northrop’s sales increased 9% year-over-year to $9.78 billion
- Net awards totaled $15 billion during the three-month period; total backlogs rose to a record high of $84 billion
- Operating income increased 20% year-over-year to $1.02 billion; segment operating income was up 8%
- Third-quarter net income increased to $937 million or $6.18 per share from $915 million or $5.89 per share last year
- Operating cash flow came in at $1.2 billion in the third quarter; adjusted free cash flow was $869 million
- The management raised its full-year 2023 sales guidance by $400 million to approximately $39 billion
- It also reaffirmed the full-year earnings and free cash flow guidance
Listen to the conference calls as they happen. Don't miss a beat! With AlphaStreet Intelligence, you can listen to live calls and interviews as they happen, so you never have to worry about missing out on important information.
Most Popular
Key metrics from Kroger’s (KR) Q3 2025 earnings results
The Kroger Co. (NYSE: KR) reported its third quarter 2025 earnings results today. Total company sales rose to $33.9 billion from $33.6 billion in the same period last year. Identical
Dollar General (DG) Q3 2025 Earnings: Key financials and quarterly highlights
Dollar General Corporation (NYSE: DG) reported its third quarter 2025 earnings results today. Net sales increased 4.6% year-over-year to $10.65 billion. Same-store sales increased 2.5%. Net income was $282.7 million, or
HRL Earnings: All you need to know about Hormel Foods’ Q4 2025 earnings results
Hormel Foods Corporation (NYSE: HRL) reported its fourth quarter 2025 earnings results today. Net sales increased 1.5% year-over-year to $3.18 billion. Organic sales were up 2%. Net loss attributable to Hormel
