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 Reporter July 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Ports

China: South China Sea Reclaimation Work Halted

China has halted reclamation work in the South China Sea, the country's foreign minister said on Wednesday, at a meeting of Southeast Asian foreign ministers where

Nigeria's Tanker Ban Underscores Local Industry Disarray

The Nigerian president's sudden, unexpected and seemingly unilateral decision to ban nearly 100 oil tankers from the country's waters has sown confusion in the

Adverse Weather Warning to Chilean Ports

Inchcape Shipping Services (ISS) is advising that Chile’s Port Authority has issued a warning of adverse weather conditions and strong swells affecting the Chilean coast over the next two days,

Finance

Nigeria's Tanker Ban Underscores Local Industry Disarray

The Nigerian president's sudden, unexpected and seemingly unilateral decision to ban nearly 100 oil tankers from the country's waters has sown confusion in the

Australia's Massive Shipbuilding Plan Announced

The Australian Government has thrown domestic shipbuilders an A$89 billion (US$ 66 billion) lifeline. It plans to deliver a long-term plan for a strong and sustainable naval shipbuilding industry.

Matson Declares 2Q EPS Of $0.23

Matson, Inc., a leading U.S. carrier in the Pacific, today reported net income of $9.9 million, or $0.23 per diluted share for the quarter ended June 30, 2015.

 
 
Maritime Careers / Shipboard Positions Naval Architecture Pipelines Pod Propulsion Port Authority Salvage Ship Electronics Ship Repair Ship Simulators Winch
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: 0.1215 sec (8 req/sec)