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Northrop Grumman Lowers FY25 Adj EPS Guidance From $27.85-$28.25 To $24.95-$25.35 Vs $28.09 Estimate; Affirms Sales Guidance Of $42.00B-$42.50B Vs $42.32B Estimate
Northrop Grumman Corporation NOC | 569.76 | +1.74% |
Guidance
Financial guidance, as well as outlook, trends, expectations and other forward-looking statements provided by the company for 2025 and beyond, reflect the company's judgment based on the information available to the company at the time of this release. The company's financial guidance and outlook for 2025 and beyond reflect what the company currently anticipates will be the impacts on the company from, among other factors, the global macroeconomic, security, and political/budget environments, including the impacts from inflationary pressures and labor and supply chain challenges; changes in the threat environment; changes in government budget, appropriations and procurement priorities and processes; the continuing resolution; changes in the regulatory environment, including trade policy; and changes in support for our programs. We are not assuming, and the company's financial guidance and outlook for 2025 and beyond do not reflect impacts on the company from, any government shutdown, or application of spending limits or other spending cuts. However, the company cannot predict how these factors will evolve or what impacts they will have, and there can be no assurance that the company's current expectations or underlying assumptions are correct. These factors can affect the company's ability to achieve guidance or meet expectations.
For additional factors that may impact the company's ability to achieve guidance or meet expectations, please see the "Forward-Looking Statements" section in this release and our Form 10-Q.
| 2025 Guidance | |||||||||||
| ($ in millions, except per share amounts) | As of 4/22/2025 | ||||||||||
| Sales | $42,000 — $42,500 | ||||||||||
| Segment operating income1 | $4,200 — $4,350 | ||||||||||
| Prior: $4,650 - $4,800 | |||||||||||
| MTM-adjusted EPS1 | $24.95 — $25.35 | ||||||||||
| Prior: $27.85 - $28.25 | |||||||||||
| Free cash flow1 | $2,850 — $3,250 | ||||||||||
| 2025 Segment Guidance | ||||||||
| As of 4/22/2025 | ||||||||
| Sales ($B) | OM Rate % | |||||||
| Aeronautics Systems | Low $13 | Low to Mid 6% | ||||||
| Prior: Mid to High 9% | ||||||||
| Defense Systems | Low $8 | Mid to High 9% | ||||||
| Mission Systems | ~$12 | Mid 14% | ||||||
| Space Systems | ~$11 | High 10% | ||||||
| Intersegment Eliminations | ~($2.1) | High 13% | ||||||


