Press Release

Northrop Grumman Reports Third Quarter 2015 Financial Results

By SpaceRef Editor
October 28, 2015
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Northrop Grumman Corporation (NYSE:NOC) reported third quarter 2015 net earnings increased 9 percent to $516 million, or $2.75 per diluted share, from $473 million, or $2.26 per diluted share in the third quarter of 2014. Third quarter 2015 diluted earnings per share are based on 187.9 million weighted average shares outstanding compared with 209.2 million shares in the prior year period. The company repurchased 5.6 million shares of its common stock for $944 million in the third quarter of 2015. The company has now completed the 60 million share repurchase goal announced in May 2013. As of Sept. 30, 2015, $4.6 billion remained on the company’s share repurchase authorizations.

“We continue to position Northrop Grumman for innovation and affordability and remain focused on creating value through our strong performance, outstanding portfolio and value-creating cash deployment. Our opportunity set offers the potential for long-term profitable growth and value creation for our shareholders, customers and employees,” said Wes Bush, chairman, chief executive officer and president.

– EPS Increase 22 Percent to $2.75
– Sales Total $6.0 Billion
– 5.6 Million Shares Repurchased for $944 Million in Q3; 17.7 Million Shares Repurchased Year to Date for $2.9 Billion
– 2015 EPS Guidance Range Increased to $9.70 – $9.80

Read the full financials.

SpaceRef staff editor.