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Northrop Grumman posted a drop in profits in the first quarter of 2025. It said higher manufacturing costs for the B-21 Raider stealth bomber were to blame.
Northrop Grumman's stock dipped over 10% after disappointing Q1'25 earnings, missing revenue by $480 million and EPS due to B-21 bomber cost overruns. The defense sector faces potential headwinds from reduced U.S. spending, trade wars, and incentives for the EU to buy from European suppliers. Northrop Grumman cut GAAP EPS guidance to $25.15 due to the B-21 charge, but the stock still trades at a forward P/E ratio of 16.5x when excluding this large charge.
Northrop Grumman Corporation (NYSE:NOC ) Q1 2025 Earnings Conference Call April 22, 2025 9:30 AM ET Company Participants Todd Ernst - Vice President, Investor Relations Kathy Warden - Chair, CEO and President Ken Crews - CFO Conference Call Participants Kristine Liwag - Morgan Stanley Robert Stallard - Vertical Research Ronald Epstein - Bank of America Sheila Kahyaoglu - Jefferies Scott Deuschle - Deutsche Bank Seth Seifman - JP Morgan Michael Ciarmoli - Truist Securities Doug Harned - Bernstein Matt Akers - Wells Fargo Myles Walton - Wolfe Research Ken Herbert - RBC Capital Markets David Strauss - Barclays Scott Mikus - Melius Research Operator Good day, ladies and gentlemen, and welcome to Northrop Grumman's First Quarter 2025 Conference Call. Today's call is being recorded.
Ron Epstein, BoA Securities senior aerospace analyst, joins 'Power Lunch' to discuss defense stocks as this sector faces pressure.
NOC's first-quarter earnings miss the Zacks Consensus Estimate by 2.4%. Its top line declines 6.6% from the year-ago quarter.
Major U.S. defense contractors are mostly maintaining their financial forecasts for 2025, saying it is too soon to understand the impact of U.S. President Donald Trump's tariffs.
The stock of Northrop Grumman (NOC -13.30%) is getting hit with big sell-offs Tuesday following the company's recently published first-quarter results. The share price was down 11.4% as of noon ET today amid the backdrop of a 1.9% gain for the S&P 500.
Shares of RTX Corp (NYSE:RTX) are down 9% at $114.75 at last glance, despite the firm's better-than-expected first-quarter earnings and revenue.
The headline numbers for Northrop Grumman (NOC) give insight into how the company performed in the quarter ended March 2025, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Northrop Grumman (NOC) came out with quarterly earnings of $6.06 per share, missing the Zacks Consensus Estimate of $6.21 per share. This compares to earnings of $6.32 per share a year ago.