I have to say, although I have seen some negative outliers, I'm very happy with the way things are going so far in this earnings season. One reason is the turnaround of the defense sector, a sector that enjoys a weighting of roughly 20% in my dividend growth portfolio. As most of my readers will know, I started to aggressively buy defense contractors when the pandemic started to fade, as I liked the mix of anti-cyclical demand, innovation-driven growth, and consistent dividend growth and buybacks. Unfortuna ...

A useful tool for traders and analysts, the 200-day simple moving average helps determine long-term market trends for stocks, commodities, indexes, and other financial instruments. It moves higher or lower in conjunction with longer-term price performance, and serves as a support or resistance level. Investors may want to watch NOC for more gains in the near future given the company's key technical level and positive earnings estimate revisions. Northrop Grumman (NOC) is looking like an interesting pick fro ...

TABLE OF CONTENTS i Table of Contents The accompanying notes are an integral part of these unaudited condensed consolidated financial statements. NORTHROP GRUMMAN CORPORATION PART I. FINANCIAL INFORMATION Item 1. Financial Statements CONDENSED CONSOLIDATED STATEMENTS OF EARNINGS AND COMPREHENSIVE INCOME (Unaudited) | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | |--------------------------------------------------------------------|-------|-------|------------------|-------|-------------|------ ...

Good morning. Thank you. Kathy, when you talked -- you had a really big quarter this year for bookings after last quarter was pretty soft. And you're looking at being above 1.0 for the year. How should we think about outlook this year in terms of bookings? And I'd say in two dimensions. One is growth, U.S. versus international. And then second, which segments are we looking at where you expect to see that over the -- see some good growth over the next two quarters? Kathy Warden Yes. So, as Dave said, we are ...

Backlog Count The unit's operating income totaled $295 million compared with $278 million in the second quarter of 2023. Its operating margin, however, deteriorated 70 basis points (bps) to 10%. The unit's operating income rose 23% year over year to $206 million. The operating margin expanded 180 bps to 13.5%. Financial Condition Total Sales Aeronautics Systems: This segment's sales of $2.96 billion rose 14.2% year over year due to higher restricted sales, higher volumes from the Triton program, as well as ...

While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance. Sales- Mission Systems: $2.77 billion versus the five-analyst average estimate of $2.80 billion. The reported number represents a year-over-year change of +5%. Sales- Aeronautics Systems: $2.96 billion compared to the $2.80 billion ...

Northrop Grumman (NOC) came out with quarterly earnings of $6.36 per share, beating the Zacks Consensus Estimate of $5.95 per share. This compares to earnings of $5.34 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 6.89%. A quarter ago, it was expected that this defense contractor would post earnings of $5.83 per share when it actually produced earnings of $6.32, delivering a surprise of 8.40%. Over the last four quarters, t ...

News Release Contact: Cindy Anderson (Media) 571-550-1814 cindy.anderson@ngc.com • Net awards of $15.1 billion; book to bill of 1.5x • Sales increase 7 percent to $10.2 billion • Operating income increases 13 percent driven by strong performance and cost efficiencies • Diluted earnings per share increase 19 percent to $6.36 • Operating cash flow of $1.4 billion; free cash flow increases 80 percent to $1.1 billion • Company raises 2024 sales guidance to $41.0 - $41.4 billion and MTM-adjusted EPS guidance to ...

Northrop Grumman Corporation (NOC) is scheduled to report second-quarter 2024 results on Jul 25, before market open. The company delivered a four-quarter average earnings surprise of 6.09%. The strong revenue performance across each of its segments is likely to have contributed to its earnings. However, high interest expenses might have partially weighed on the bottom line. Aeronautics Systems to Boost the Top Line Higher sales volumes from restricted programs, sustainment and production contracts for F-35 ...

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