Reported Q: Q1 2024 Rev YoY: +9.0% EPS YoY: +14.9% Move: -1.87%
Northrop Grumman
NOC
$685.00 -1.87%
Exchange NYSE Sector Industrials Industry Aerospace Defense
Q1 2024
Published: Apr 25, 2024

Company Status Snapshot

Fast view of the latest quarter outcome for NOC

Reported

Report Date

Apr 25, 2024

Quarter Q1 2024

Revenue

10.13B

YoY: +9.0%

EPS

6.32

YoY: +14.9%

Market Move

-1.87%

Previous quarter: Q4 2023

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Earnings Highlights

  • Revenue of $10.13B up 9% year-over-year
  • EPS of $6.32 increased by 14.9% from previous year
  • Gross margin of 21.1%
  • Net income of 944.00M
  • ""Global demand for our products continues to be robust, fueled by rising defense budgets and our market position."" - Kathy Warden
NOC
Northrop Grumman Corporation

Executive Summary

Northrop Grumman Corporation (NOC) reported a robust performance in the first quarter of 2024, achieving a 9% increase in sales year-over-year alongside a 15% increase in diluted EPS, reaching $6.32. The growth was underpinned by broad-based advancements across all four business sectors, fueled by heightened global demand for defense capabilities. The company reaffirmed its full-year guidance, reflecting confidence in its operational strategy and ongoing investments aligned with macroeconomic conditions.

In management commentary, Kathy Warden, Chair, CEO, and President of Northrop Grumman, emphasized the company's strategic direction focused on technology leadership and efficient performance. The successful negotiations surrounding the U.S. defense budget and ongoing international contracts, particularly in missile defense and microelectronics, position Northrop Grumman favorably for sustained growth in 2024 and beyond.

Key Performance Indicators

Revenue
Increasing
10.13B
QoQ: -4.75% | YoY: 8.95%
Gross Profit
Increasing
2.13B
21.05% margin
QoQ: 339.79% | YoY: 7.46%
Operating Income
Increasing
1.07B
QoQ: 372.52% | YoY: 13.09%
Net Income
Increasing
944.00M
QoQ: 276.45% | YoY: 12.11%
EPS
Increasing
6.34
QoQ: 279.10% | YoY: 14.86%

Revenue Trend

Margin Analysis

Historical Earnings Comparison

PeriodRevenue ($M)EPS ($)YoY GrowthReport
Q4 2024 10,686.00 8.66 +0.5% View
Q3 2024 9,996.00 7.00 +2.3% View
Q2 2024 10,218.00 6.36 +6.7% View
Q1 2024 10,133.00 6.32 +9.0% View
Q4 2023 10,638.00 -3.54 +6.0% View