Northrop Grumman Provides Additional Financial Guidance For 2002

Thursday, October 25, 2001
Northrop Grumman Corporation announced that it is providing additional financial information for 2002. Due to technical problems, the 2001 third quarter conference call yesterday was interrupted before its scheduled completion. Northrop Grumman is providing expanded details concerning its 2002 financial outlook:

As a percentage of company sales, total sector operating profit is expected to be in the 8.5 to 9 percent range, before amortization of goodwill and purchased intangibles; deferred state taxes are expected to be lower than 2001; the expected tax rate for calculating 2002 economic earnings per share is approximately 32 percent; interest income is expected to be $14 million lower than 2002 due to the early retirement of a $148 million note in the 2001 third quarter Consistent with its previous guidance of double-digit economic earnings per share growth for 2002, they stated that 2002 economic earnings are expected to range between $6.85-$7.25 per share, on approximately 86 million shares. This 2002 guidance does not include any potential impact from the possible termination of the Project America program in its Ships Systems sector.

Maritime Today


The Maritime Industry's original and most viewed E-News Service

Maritime Reporter June 2016 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Ports

Groningen Seaports First in Line for Damen InvaSave

The first production version of Damen’s InvaSave ballast water treatment system – intended for use at Groningen Seaports – will be on display at the upcoming ‘DelfSail’

Panama Canal Expansion: Impacts on the Bunker Industry

The total volume of the Panama bunker market has increased in recent years as price levels are becoming increasingly competitive to U.S. bunker hubs like Houston, New Orleans and New York.

New Port Academy Liverpool Unveiled at Grand Opening

LIVERPOOL City Region has launched a new  £2.5 million maritime training academy which it believes is the only one in the U.K. to create vitally needed skills and

Finance

Baltic Index Rises for Fifth Consecutive Session

The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, rose on Tuesday for a fifth straight session on stronger demand across all vessel segments.

Singapore Exchange, Baltic Exchange Continue Transaction Talks

Singapore Exchange (SGX) has agreed with the Baltic Exchange Limited (Baltic Exchange) to extend the period of exclusive discussions regarding a cash offer for

Hanjin to Return 38 Vessels Next Year

Hanjin Shipping is planning to return a total of 38 chartered vessels once their contracts end as part of its restructuring efforts, reports the Korea Herald. A

 
 
Maritime Contracts Maritime Security Naval Architecture Pipelines Port Authority Salvage Ship Repair Ship Simulators Shipbuilding / Vessel Construction Sonar
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.0799 sec (13 req/sec)