Northrop Grumman Corp (NYSE:NOC) reported second-quarter fiscal 2024 sales growth of 7% year-over-year to $10.218 billion, beating the consensus of $10.018 billion.
The increase reflects higher sales in all four sectors and continued strong demand for products and services.
Second-quarter EPS was $6.36 compared to $5.34 a year ago, beating the consensus of $5.92.
Sales by segments: Aeronautics Systems $2.96 billion (+14% Y/Y), Defense Systems $1.513 billion (+7% Y/Y), Mission Systems $2.77 billion (+5% Y/Y), and Space Systems $3.57 billion (+2% Y/Y).
Segment operating income rose 5% Y/Y to $1.101 billion, and the margin contracted by 20 bps to 10.8%. Total operating margin expanded by 60 bps to 10.7%.
NOC's second-quarter net awards totaled $15.1 billion, and its backlog totaled $83.1 billion.
The company's operating cash flow for the quarter totaled $1.425 billion, and the free cash flow increased 80% to $1.105 billion.
"We are laser focused on performance and continue to expand profitability through the deliberate actions we are taking. With strong support for our programs, growing global orders for our products, and solid execution in our business, we are increasing our revenue and EPS guidance for the year," commented Kathy Warden, chair, chief executive officer, and president.
Fiscal 2024 Outlook, raised: Northrop Grumman now expects sales of $41 billion-$41.4 billion (from $40.8 billion – $41.2 billion) versus the consensus of $41.139 billion.
The company now sees MTM-adjusted EPS of $24.90 – $25.30 (prior $24.45-$24.85) versus consensus of $24.76.
It sees Segment operating income of $4.5 billion-$4.575 billion (prior $4.475 billion-$4.55 billion) and adjusted free cash flow of $2.25 billion-$2.65 billion for 2024.
諾斯羅普·格魯曼公司(紐約證券交易所代碼:NOC)報告稱,2024財年第二季度銷售額同比增長7%,達到102.18億美元,超過了預期的100.18億美元。
這一增長反映了所有四個領域的銷售額增長以及對產品和服務的持續強勁需求。
第二季度每股收益爲6.36美元,而去年同期爲5.34美元,超過了市場普遍預期的5.92美元。
按細分市場劃分的銷售額:航空系統29.6億美元(同比增長14%),國防系統15.13億美元(同比增長7%),任務系統27.7億美元(同比增長5%),太空系統35.7億美元(同比增長2%)。
分部營業收入同比增長5%,至11.01億美元,利潤率收縮20個點子至10.8%。總營業利潤率增長了60個點子至10.7%。
NOC第二季度的淨獎勵總額爲151億美元,積壓的獎勵總額爲831億美元。
該公司本季度的運營現金流總額爲14.25億美元,自由現金流增長了80%,達到11.05億美元。
“我們非常注重業績,並通過我們正在採取的深思熟慮的行動繼續擴大盈利能力。通過對我們計劃的大力支持、不斷增長的產品全球訂單以及穩健的業務執行,我們正在提高今年的收入和每股收益預期。” 主席、首席執行官兼總裁凱西·沃登評論道。
2024財年展望,上調:諾斯羅普·格魯曼公司現在預計銷售額爲410億至414億美元(從408億美元到412億美元),而市場預期爲411.39億美元。
該公司現在預計經中期調整後的每股收益爲24.90美元至25.30美元(之前爲24.45美元至24.85美元),而市場普遍預期爲24.76美元。
它預計,2024年該細分市場的營業收入爲45億至45.75億美元(之前爲44.75億美元至45.5億美元),調整後的自由現金流爲22.5億至26.5億美元。