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Gross Profit, Operating Income, and Net Income as a percentage of Revenue

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An operating expense is an expense a business incurs through its normal business operations. Often abbreviated as OPEX.

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Gain on sale of business

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Year over year growth in Revenue and Operating Expenses.

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Shares outstanding refer to a company's stock currently held by all its shareholders, including share blocks held by institutional investors and restricted shares owned by the company's officers and insiders.

Outstanding Shares

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Also known as Price/Sales Ratio. Calculated using Average market cap for the quarter / Annualized quarterly revenue.

Revenue Multiple

Northrop Grumman

Northrop Grumman Corp. engages in the provision of advanced aircraft systems. It operates through the following segments: Aeronautics Systems, Defense Systems, Mission Systems, and Space Systems. The Aeronautics Systems segment is involved in the design, development, production, integration, sustainment, and modernization of advanced aircraft systems for the U.S. Air Force, the U.S. Navy, other U.S. government agencies, and international customers. The Defense Systems segment includes integrated battle management systems, weapons systems and aircraft, and mission systems sustainment and modernization. The Mission Systems segment offers advanced mission solutions and multifunction systems, primarily for the U.S. defense and intelligence community, and international customers. The Space Systems segment delivers end-to-end mission solutions through the design, development, integration, production and operation of space, missile defense, launch and strategic missile systems for national security, civil government, commercial, and international customers. The company was founded by John K. Northrop, Thomas V. Jones, and Kent Kresa in 1939 and is headquartered in Falls Church, VA.

Earnings data Q1 2021

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Earnings data Q1 2022

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Northrop Grumman reports robust Q4 performance and eyes international growth

Northrop Grumman's Q4 2022 earnings call highlighted strong performance, notable achievements, and optimistic growth expectations for 2023. Despite challenges like inflationary pressures and upfront investments impacting free cash flow, the company remains focused on delivering value to shareholders and capitalizing on international opportunities for growth.

Northrop Grumman reports strong Q1 earnings, eyes international growth

Northrop Grumman's Q1 performance showed sales growth and strong earnings, with a positive outlook for the future.
The company's focus on investments in weapons portfolio capacity, hypersonic technology, and space exploration positions it for continued success.
Challenges in the defense sector are being addressed through competitive strategies and a shift towards fixed price contracts.
Opportunities in international markets, missile defense capabilities, and strategic partnerships offer avenues for future growth and expansion.

Northrop Grumman excels in Q2, eyes margin expansion in 2024

Northrop Grumman's Q2 performance reflects strong sales growth and operational efficiency enhancements, underpinned by a proactive approach to challenges and a focus on margin expansion.
The company's strategic capital deployment and growth opportunities in the Space segment position it well for sustained success and shareholder value creation.
Anticipated margin expansion in 2024, alongside disciplined cost management and market tailwinds, bode well for Northrop Grumman's future growth trajectory.

Northrop Grumman reports robust Q3 results, eyes international growth opportunities

Northrop Grumman's Q3 performance reflects financial strength and operational excellence, driven by robust sales growth, profitability, and cash flow generation. While facing challenges in meeting increased demand and navigating tax implications, the company is well-positioned to capitalize on international growth opportunities and maintain its competitive edge in the defense sector.

Northrop Grumman exceeds revenue expectations, addresses B-21 program challenges

Northrop Grumman delivered strong financial performance in 2023, surpassing revenue guidance and demonstrating operational resilience. While facing challenges in the B-21 program, the company remains focused on driving growth, improving margins, and enhancing shareholder value through strategic investments and disciplined decision-making.

Northrop Grumman reports robust Q1 performance and eyes global growth

Northrop Grumman's Q1 performance showcased strong sales growth, margin improvement, and operational efficiency.
The company's focus on global demand, investments in technology, and capital deployment strategy position it for continued success.
Challenges include program timing issues and supply chain concerns, but opportunities in defense technologies and international markets offer growth potential.
Overall, Northrop Grumman's strategic initiatives and financial performance in Q1 2024 indicate a positive outlook for the year.

Northrop Grumman excels in Q2 2024, eyes international growth

Northrop Grumman's Q2 2024 performance reflects robust financial metrics, strategic portfolio alignment with defense priorities, and a focus on sustainable growth. Despite potential challenges in international markets and evolving defense landscapes, the company's strong operational performance and investment strategies signal resilience and growth potential.

Northrop Grumman's Q3 performance reflects operational strength, profitability, and strategic positioning for future growth.
The company's focus on margin expansion, program execution, and international sales growth underscores its commitment to sustained success.
While challenges persist in a competitive landscape, Northrop Grumman remains optimistic about capitalizing on opportunities for growth and performance.

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Northrop Grumman board raises quarterly dividend by 10%

FALLS CHURCH, Va., May 17, 2022 (GLOBE NEWSWIRE) -- The board of directors of Northrop Grumman Corporation (NYSE: NOC) declared a quarterly dividend of $1.73 per share on Northrop Grumman common stock, payable June 15, 2022, to shareholders of record as of the close of business May 31, 2022.

Northrop Grumman Increases Quarterly Dividend 10 Percent to $1.73

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FALLS CHURCH, Va., May 16, 2022 (GLOBE NEWSWIRE) --  Northrop Grumman Corporation (NYSE: NOC) will participate in Bernstein's 38th Annual Strategic Decisions Conference on Thursday, June 2. Kathy Warden, chair, chief executive officer and president, and Dave Keffer, corporate vice president and chief financial officer, will present beginning at 10:00 a.m. Eastern time. The presentation will be webcast live at http://investor.northropgrumman.com .

Northrop Grumman to Participate in Bernstein's 38th Annual Strategic Decisions Conference

FALLS CHURCH, Va., May 12, 2022 (GLOBE NEWSWIRE) -- Northrop Grumman Corporation (NYSE: NOC) (“Northrop Grumman”) announced today that it has commenced its offer to eligible holders to exchange (the “Registered Exchange Offer”) any and all of the $421,664,000 aggregate principal amount of its outstanding unsecured notes previously issued pursuant to an exemption from the registration requirements of the Securities Act of 1933, as amended (the “Securities Act”), as set forth in the table below (the “Restricted Notes”), for an equal principal amount of new notes registered under the Securities Act (the “Exchange Notes”).

Northrop Grumman Corporation Commences Registered Exchange Offer for Notes Issued in Connection with Prior Private Exchange Offer

Northrop Grumman Corp (NYSE: NOC) reported a first-quarter FY22 sales decline of 4% year-over-year to $8.79 billion, -2% on an organic basis, missing the consensus of $8.88 billion. Sales by segments: Aeronautics Systems $2.7 billion (-10% Y/Y), Defense Systems $1.28 billion (-18% Y/Y),.

Northrop Grumman's Q1 Bottom-Line Beats Street View; Reaffirms FY22 Guidance

Northrop Grumman Corporation (NYSE:NOC ) Q1 2022 Earnings Conference Call April 28, 2022 9:00 AM ET Company Participants Todd Ernst – Treasurer and Vice President, Investor Relations Kathy Warden – Chairman, Chief Executive Officer and President Dave Keffer – Chief Financial Officer Conference Call Participants Doug Harned – Bernstein Robert Stallard – Vertical Research Sheila Kahyaoglu – Jefferies Peter Arment – Baird Ron Epstein – Bank of America David Strauss – Barclays Seth Seifman – JPMorgan Kristine Liwag – Morgan Stanley Cai von Rumohr – Cowen Myles Walton – UBS Robert Spingarn – Melius Research George Shapiro – Shapiro Research Richard Safran – Seaport Research Operator Good day, ladies and gentlemen, and welcome to Northrop Grumman's First Quarter 2022 Conference Call. Today's call is being recorded.

Northrop Grumman's (NOC) CEO Kathy Warden on Q1 2022 Results - Earnings Call Transcript

Northrop Grumman (NOC) reports Q1 sales of $8.80 billion, which miss the Zacks Consensus Estimate by 0.9% and also decrease 4% from the year-ago quarter

Northrop Grumman's (NOC) Q1 Earnings Top, Sales Decline Y/Y

Northrop Grumman (NOC) delivered earnings and revenue surprises of 2.52% and 0.90%, respectively, for the quarter ended March 2022. Do the numbers hold clues to what lies ahead for the stock?

Northrop Grumman (NOC) Beats Q1 Earnings Estimates

Defense contractor Northrop Grumman Corp. NOC, -0.62% posted net income of $955 million, or $6.10 a share for the first quarter, down from $2.2 billion, or $13.43 a share, in the year-earlier period. The 2021 first quarter included a net after-tax benefit of $1.1 billion related to the IT services divestiture.

Northrop Grumman beats profit estimates for Q1 but sales falls slightly short

U.S. weapons maker Northrop Grumman Corp reported a fall in first-quarter sales and adjusted profit on Thursday, hit by labor shortages and supply chain issues.

Northrop reports lower revenue as labor, supply chain woes linger

FALLS CHURCH, Va., April 28, 2022 (GLOBE NEWSWIRE) -- Northrop Grumman Corporation (NYSE: NOC) has released its first quarter 2022 financial results. A copy of the earnings release has been furnished in the company's Form 8-K filing and is also available on the company's investor relations website at http://investor.northropgrumman.com.

Northrop Grumman Releases First Quarter 2022 Financial Results

Northrop Grumman's (NOC) Q1 results are likely to be impacted by lower sales across major business segments. However, earnings might have gained from corporate unallocated and pension adjustments.

Will Soft Segmental Sales Hurt Northrop's (NOC) Q1 Earnings?

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