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
Infographic: Key metrics from Estee Lauder’s (EL) Q3 2024 earnings results
The Estee Lauder Companies Inc. (NYSE: EL) reported its third quarter 2024 earnings results today. Net sales were $3.94 billion, up 5% from the prior-year quarter. Organic sales increased 6%.
YUM Earnings: Key quarterly highlights from Yum! Brands’ Q1 2024 financial results
Yum! Brands, Inc. (NYSE: YUM) reported first quarter 2024 earnings results today. Total revenues decreased 3% year-over-year to $1.59 billion. Same-store sales declined 3%. Net income increased 5% to $314
Pfizer (PFE) Q1 2024 Earnings: Key financials and quarterly highlights
Pfizer Inc. (NYSE: PFE) reported first quarter 2024 earnings results today. Revenues decreased 20% year-over-year to $14.8 billion. Reported net income declined 44% to $3.1 billion, or $0.55 per share,
