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Northrop Grumman (NOC)
NYSE:NOC
Earnings Data
Report Date
Apr 22, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
6.28Last Year’s EPS
6.32Same Quarter Last Year
Moderate Buy
Based on 17 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Jan 30, 2025
|% Change Since: 11.39%
|Next Earnings Date:Apr 22, 2025
Earnings Call Sentiment|Positive
Northrop Grumman's earnings call reflected strong financial performance with record backlog achievements and significant growth in sales and margins. However, there were challenges, including underperformance in the space segment and pension asset returns falling short of expectations. The divestiture of the training services business also indicated strategic realignment. Overall, the company demonstrated resilience and strategic positioning for future growth.Company Guidance
During Northrop Grumman's Fourth Quarter 2024 Conference Call, the company provided guidance for 2025, highlighting expectations for continued growth. The company ended 2024 with a record backlog of approximately $91.5 billion and a book-to-bill ratio of 1.23 times. For 2025, Northrop Grumman anticipates organic sales growth between 3% and 4%, driven by international sales expected to outpace U.S. sales. The company projects segment margins to expand by roughly 10 basis points and forecasts double-digit free cash flow growth, with a mark-to-market adjusted EPS target of $28.05 at the midpoint. Anticipated capital expenditures for 2025 are $1.5 billion, while the company plans to return 100% of its free cash flow to shareholders. Northrop Grumman's strategic focus remains on innovation, operational excellence, and leveraging advanced manufacturing techniques to sustain growth and enhance margins.Record Backlog Achievement
Northrop Grumman set a new record backlog of approximately $91.5 billion with a book-to-bill ratio of 1.23 times, driven by significant new competitive wins including the TACOMO program and the second LRIP lot on B-21.
Sales and Margin Growth
2024 sales increased by more than 4%, with organic top-line growth of 30% over the last five years. Segment operating margins expanded, with segment operating income over $4.5 billion and a margin rate of 11.1%.
Free Cash Flow Increase
Free cash flow increased by 25% year-over-year to over $2.6 billion, hitting the high-end of the guidance range.
Microelectronics Growth
The microelectronics business grew over 20% in 2024, driven by innovative technologies like the world-record-setting terahertz microchip.
Strong International Demand
International book-to-bill ratio was 1.4 times, with expectations for international business to accelerate and grow faster than U.S. sales in 2025.
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NOC Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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NOC Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Jan 30, 2025 | $479.39 | $481.21 | +0.38% |
| Oct 24, 2024 | $511.93 | $519.15 | +1.41% |
| Jul 25, 2024 | $436.57 | $464.66 | +6.43% |
| Apr 25, 2024 | $466.55 | $479.81 | +2.84% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Northrop Grumman (NOC) report earnings?
Northrop Grumman (NOC) is schdueled to report earning on Apr 22, 2025, TBA Not Confirmed.
What is Northrop Grumman (NOC) earnings time?
Northrop Grumman (NOC) earnings time is at Apr 22, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is NOC EPS forecast?
NOC EPS forecast for the fiscal quarter 2025 (Q1) is 6.28.
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