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

Ports

Seaway Stakeholders File Suit Against US Coast Guard

Ports and vessel operators challenge what they call “flawed pilotage fees”   A coalition of U.S. Great Lakes ports, vessel operating companies and maritime trade

Damen Delivers Floating Pump Station to Hamburg

Hamburg Port Authority (HPA) has taken delivery of the Sauger III, a custom floating pump station by Damen Shipyards Group for supporting dredging operations. Situated

Mothballed Vessels SE Asia Reflect Oil Slump Pain

Around 1,300 offshore support vessels lying idle worldwide. Not everyone in shipping is bemoaning the industry's worst crisis in living memory: a cluster of

Finance

Baltic Index Up On Higher Capesize Demand

The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, rose on Tuesday helped by an increase in demand for capesize vessels.

Mothballed Vessels SE Asia Reflect Oil Slump Pain

Around 1,300 offshore support vessels lying idle worldwide. Not everyone in shipping is bemoaning the industry's worst crisis in living memory: a cluster of

Asian Traders Unload Floating Gasoline as Market Flips

Gasoline shifted from tankers to landed storage or sold off; forward gasoline prices to flip to backwardation from July. The number of tankers storing gasoline

 
 
Maritime Careers / Shipboard Positions Maritime Security Maritime Standards Navigation Offshore Oil Pipelines Pod Propulsion Port Authority Ship Electronics Shipbuilding / Vessel Construction
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: 0.1187 sec (8 req/sec)