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Northrop Grumman reports Q2 EPS $8.15 with benefit, consensus $6.68

Reports Q2 revenue $10.4B, consensus $10.15B. EPS included a $1.04 benefit from the training services divestiture completed in the quarter. “The Northrop Grumman (NOC) team delivered a strong second quarter, with increased sales and outstanding operating performance,” said Kathy Warden, chair, chief executive officer and president. “We are working with our customers to accelerate capability delivery to enable their vision of peace through strength. We continue to see growing demand globally for our broad range of product offerings, which resulted in 18% international sales growth in the quarter. With confidence in our team and our ability to deliver for our customers, we are increasing our full-year guidance for segment operating income, EPS and free cash flow.”

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