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
Walgreens Boots Alliance set to report Q2 earnings. Here’s what to expect
Walgreens Boots Alliance, Inc. (NASDAQ: WBA), a market leader in health and wellness services, is preparing to report second-quarter results, with market watchers forecasting a mixed outcome. As part of
Chewy (CHWY) is set for meaningful growth in the coming year, here’s why
Shares of Chewy, Inc. (NYSE: CHWY) stayed red on Thursday. The stock has dropped 2% over the past three months. The pet products company ended fiscal year 2024 on a
GME Earnings: GameStop Q4 2024 profit rises; sales down 28%
Video game company GameStop Corp. (NYSE: GME) has reported an increase in fourth-quarter 2024 earnings, despite a double-digit fall in revenues. Net sales decreased to $1.28 billion in the fourth
