HighGravityDataNorthrop Grumman — Jan 30, 2025 release
Fiscal 2024 fourth-quarter results · 8-K Item 2.02 · Exhibit 99.1 · 0001133421-25-000005
Showing in the filing
Margin expansion
“margin expansion”
Period
FY2025
Measure
Company-defined measure
Source
Prose
All guidance in this release · 15
Margin expansion for FY2025
“margin expansion”
Training Services divestiture close timing for FY2025
“expected to close mid-year”
Sales for FY2025
“$42,000 — $42,500”
Segment operating income for FY2025
“$4,650 — $4,800”
MTM-adjusted EPS for FY2025
“$27.85 — $28.25”
Free cash flow for FY2025
“$2,850 — $3,250”
Aeronautics Systems Sales ($B) for FY2025
“Low $13”
Defense Systems Sales ($B) for FY2025
“Low $8”
Aeronautics Systems OM Rate % for FY2025
“Mid to High 9%”
Mission Systems Sales ($B) for FY2025
“~$12”
Mission Systems OM Rate % for FY2025
“Mid 14%”
Space Systems Sales ($B) for FY2025
“~$11”
Space Systems OM Rate % for FY2025
“High 10%”
Intersegment Eliminations Sales ($B) for FY2025
“~($2.1)”
Intersegment Eliminations OM Rate % for FY2025
“High 13%”
Exhibit 99.1 · the passage around this item
… earlier in the release
free cash flow 1 of $2.6 billion ◦ Returned $3.7 billion of cash to shareholders through share repurchases and dividends • 2025 financial guidance in line with prior outlook, including continued organic sales 1 growth, margin expansion, and double digit free cash flow 1 growth ◦ Includes divestiture of Training Services business, expected to close mid-year FALLS CHURCH, Va. – January 30, 2025 – Northrop Grumman Corporation (NYSE: NOC) reported fourth quarter 2024 sales of $10.7 billion were comparable with the fourth quarter of 2023. Sales increased 4 percent to $41.0 billion in 2024, as compared with $39.3 billion in 2023. 2024 sales reflect continued strong demand for our products and services. Fourth quarter 2024 net earnings totaled $1.3 billion, or $8.66 per diluted share, and 2024 net earnings were $4.2 billion, or $28.34 per diluted share. Excluding the after-tax MTM benefit of $332 million, fourth quarter 2024 MTM-adjusted net earnings 1 totaled $932 million, or $6.39 per diluted share, and 2024 MTM-adjusted net earnings 1 totaled $3.8 billion, or $26.08 per diluted share. “Our team had another outstanding year equipping the U.S. and our allies with the advanced technologies they need to lead globally and maintain peace through strength,” said Kathy Warden, chair, chief executive officer and president. “Our financial results and new record backlog reflect the relevance of our products and the importance
later in the release …
the item shown at left
other guidance in this release
Text is the filed exhibit, verbatim.