Northrop Grumman 4Q 2021 robust sales growth of $8.6 billion
FALLS CHURCH, Va., Jan. 27, 2022 — Northrop Grumman Corporation (NYSE: NOC) has released its fourth quarter and full-year 2021 financial results.
Q4 Sales of $8.6 Billion; 2021 Sales of $35.7 Billion; 2021 Organic Sales1 Increase 3 Percent
• Q4 EPS of $17.14, including per share MTM benefit of $11.14; Q4 Transaction-Adjusted
EPS1 of $6.00
• 2021 EPS of $43.54; Transaction-Adjusted EPS1 Increase 8 Percent to $25.63
• 2021 Cash from Operations of $3.6 Billion; 2021 Transaction-Adjusted Free Cash Flow1
of $3.1 Billion
• $4.7 Billion returned to shareholders via dividends and share repurchases in 2021
• Guidance reflects continued growth in 2022 with Organic Sales1 up 2-3 Percent
• Board Authorizes $2.0 Billion Additional Share Repurchases
Solid Results
A copy of the earnings release has been furnished in the company’s Form 8-K filing and is also available on the company’s investor relations website here.
“Northrop Grumman delivered another year of solid results in 2021, exceeding our initial outlook for sales and earnings. Our team continued to perform for our customers and shareholders in the midst of the COVID environment,” says Kathy Warden, chairman, chief executive officer and president.
“Looking forward, our business remains well aligned to growing global defense budgets, and with a robust backlog and new competitive wins, we expect continued sales growth. Our strong balance sheet and operating cash flow provides for investment in our business while also returning significant capital to our shareholders.”