NYSE$NOC
Northrop Grumman Corp · Q3 2022 earnings
Q3 2022 earnings · · Investor relations
Briefing
Northrop Grumman's Q3 2022 financial results were reported, with sales increasing and EPS impacted by marketable securities.
Northrop Grumman reported a 3% increase in sales to $9.0 billion for Q3 2022 compared to $8.7 billion in Q3 2021. Diluted EPS was $5.89, which included a $0.18 unfavorable impact from marketable securities. The company reaffirmed its 2022 guidance for sales, EPS, and transaction-adjusted free cash flow.
- Awards totaled $8.7 billion, resulting in a book-to-bill ratio of 0.97 for the quarter and 1.14 year-to-date.
- Sales increased by 3 percent, reaching $9.0 billion.
- Diluted EPS was $5.89, including a $0.18 unfavorable impact from marketable securities.
- Net cash provided by operating activities amounted to $1.3 billion.
Headline financials
Revenue & EPS history
Northrop Grumman · Revenue · Quarterly
$8.97B
Revenue by segment
Northrop Grumman · $9.5B total across 4 segments · Q3 2022
- Space Systems$3.16B+18.0%33.3%
- Aeronautics Systems$2.54B-6.9%26.7%
- Mission Systems$2.46B+0.8%25.8%
- Defense Systems$1.35B-4.5%14.2%
Forward guidance
The company expects 2022 sales and diluted earnings per share near the low end of our guidance ranges of approximately $36.2 — $36.6 billion and $24.50 — $25.10, respectively. We continue to expect transaction-adjusted free cash flow1 of $1.5 — $1.8 billion based on current tax law, which requires the amortization of current year research and development expenditures over five years.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q3 2022
-0.2%
Avg return
Earnings day
-0.9%
Avg return
5 days after
+0.3%
Avg return
30 days after
59%
43 / 73 earnings
Positive
+9.5%
Q2 2019
Best reaction
-12.7%
Q1 2025
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -6.0% | -12.5% | -16.4% | |
| Q4 2025 | +2.7% | +4.7% | +7.6% | |
| Q3 2025 | -0.4% | +0.6% | -5.8% | |
| Q2 2025 | +0.3% | +0.7% | -1.1% | |
| Q1 2025 | -12.7% | -10.9% | -11.0% | |
| Q4 2024 | +0.4% | +0.2% | -4.1% | |
| Q3 2024 | +0.6% | -2.4% | -3.8% | |
| Q2 2024 | +8.6% | +10.1% | +15.2% | |
| Q1 2024 | +1.2% | +2.2% | -1.7% | |
| Q4 2023 | -5.6% | -4.4% | -0.6% | |
| Q3 2023 | -2.1% | -2.4% | -2.4% | |
| Q2 2023 | -1.6% | -2.0% | -6.0% | |
| Q1 2023 | +2.7% | -0.1% | -2.4% | |
| Q4 2022 | -5.5% | -3.3% | +1.6% | |
| Q3 2022 | +3.2% | +0.9% | -0.6% | |
| Q2 2022 | +7.4% | +7.9% | +8.8% | |
| Q1 2022 | -0.1% | +2.6% | +7.0% | |
| Q4 2021 | -5.7% | -8.1% | +1.6% | |
| Q3 2021 | -8.0% | -9.0% | -8.8% | |
| Q2 2021 | +0.8% | +1.2% | +1.3% | |
| Q1 2021 | +4.7% | +8.8% | +8.1% | |
| Q4 2020 | -1.9% | +2.7% | -0.2% | |
| Q3 2020 | +0.0% | -2.0% | -0.6% | |
| Q2 2020 | +3.1% | +3.1% | +9.4% | |
| Q1 2020 | -4.0% | -6.4% | -2.7% | |
| Q4 2019 | -2.1% | -5.4% | -14.1% | |
| Q3 2019 | -2.3% | -1.7% | -1.1% | |
| Q2 2019 | +9.5% | +9.7% | +11.6% | |
| Q1 2019 | -4.6% | -2.3% | +6.7% | |
| Q4 2018 | -2.8% | -0.8% | +2.2% | |
| Q3 2018 | -11.2% | -15.7% | -12.3% | |
| Q2 2018 | -6.6% | -6.7% | -5.7% | |
| Q1 2018 | -2.2% | -5.7% | -2.8% | |
| Q4 2017 | +7.1% | +8.3% | +12.1% | |
| Q3 2017 | +1.3% | +0.8% | +3.0% | |
| Q2 2017 | -1.2% | -0.3% | +2.0% | |
| Q1 2017 | +0.1% | -1.5% | +3.6% | |
| Q4 2016 | -0.4% | -0.8% | +6.2% | |
| Q3 2016 | +2.7% | +4.3% | +13.2% | |
| Q2 2016 | -0.5% | -0.8% | -2.9% | |
| Q1 2016 | +1.0% | — | — | |
| Q4 2015 | +3.9% | — | — | |
| Q3 2015 | +5.2% | — | — | |
| Q2 2015 | +7.4% | — | — | |
| Q1 2015 | -4.0% | — | — | |
| Q4 2014 | +3.1% | — | — | |
| Q3 2014 | +2.4% | — | — | |
| Q2 2014 | +1.1% | — | — | |
| Q1 2014 | -0.5% | — | — | |
| Q4 2013 | +3.1% | — | — | |
| Q3 2013 | +5.9% | — | — | |
| Q2 2013 | +1.9% | — | — | |
| Q1 2013 | +4.2% | — | — | |
| Q4 2012 | -2.6% | — | — | |
| Q3 2012 | -0.9% | — | — | |
| Q2 2012 | +1.0% | — | — | |
| Q1 2012 | +1.1% | — | — | |
| Q4 2011 | +0.6% | — | — | |
| Q3 2011 | +1.9% | — | — | |
| Q4 2010 | +1.9% | — | — | |
| Q2 2011 | -7.2% | — | — | |
| Q1 2011 | +1.2% | — | — | |
| Q3 2010 | +1.4% | — | — | |
| Q2 2010 | +0.4% | — | — | |
| Q1 2009 | +3.3% | — | — | |
| Q1 2010 | +0.8% | — | — | |
| Q4 2007 | +1.0% | — | — | |
| Q4 2009 | +1.0% | — | — | |
| Q3 2008 | +0.4% | — | — | |
| Q3 2009 | +0.4% | — | — | |
| Q2 2009 | -6.9% | — | — | |
| Q2 2008 | -6.9% | — | — | |
| Q4 2008 | -6.9% | — | — |
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