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
CL Earnings: Key quarterly highlights from Colgate-Palmolive’s Q2 2024 financial results
Colgate-Palmolive Company (NYSE: CL) reported its second quarter 2024 earnings results today. Net sales increased 4.9% year-over-year to $5 billion. Organic sales increased 9%. Net income attributable to Colgate-Palmolive Company was $731
Key takeaways from Visa’s Q3 2024 earnings report
Credit card behemoth Visa, Inc. (NYSE: V) this week reported mixed results for the June quarter, with earnings matching expectations and sales slightly missing the view. Both numbers grew in
Southwest Airlines (LUV): A look at the airline’s performance in Q2 2024
Shares of Southwest Airlines Co. (NYSE: LUV) were up over 6% on Thursday after the company beat earnings estimates for the second quarter of 2024. The stock has gained 4%