🔹 Adj. EPS: $7.28 (Est: $6.35; ▲ +14% YoY) 🟢
🔹 Revenue: $18.0B (Est: $17.78B; ▲ +4% YoY) 🟢
FY25 Guidance (Reaffirmed)
🔹 Adj. EPS: $27.00–$27.30 (Est: $27.22) 🟡
🔹 Revenue: $73.75B–$74.75B (Est: $74.47B) 🟡
🔹 Free Cash Flow: $6.6B–$6.8B
🔹 Guidance excludes impacts from tariffs, recent program changes, or Executive Orders
Segment Performance
Aeronautics
🔹 Revenue: $7.06B (▲ +3% YoY)
🔹 Operating Profit: $720M (▲ +6% YoY)
🔹 Margin: 10.2%
🔸 Driven by higher F-35 production and favorable classified program adjustments
Missiles & Fire Control (MFC)
🔹 Revenue: $3.37B (▲ +13% YoY)
🔹 Operating Profit: $465M (▲ +50% YoY)
🔹 Margin: 13.8%
🔸 Growth from tactical missiles ramp-up (JASSM, LRASM, Precision Fires)
Rotary & Mission Systems (RMS)
🔹 Revenue: $4.33B (▲ +6% YoY)
🔹 Operating Profit: $521M (▲ +21% YoY)
🔹 Margin: 12.0%
🔸 Boosted by CSC and Black Hawk production and IP license income
Space
🔹 Revenue: $3.21B (▼ -2% YoY)
🔹 Operating Profit: $379M (▲ +17% YoY)
🔹 Margin: 11.8%
🔸 Growth from commercial civil space offsets lower national security space volume
Other Key Q1 Metrics
🔹 GAAP Net Income: $1.71B (▲ +11% YoY)
🔹 Business Segment Operating Profit: $2.09B (▲ +19% YoY)
🔹 Free Cash Flow: $955M (▼ -24% YoY)
🔹 Capital Returned: $1.5B (Dividends + Buybacks)
🔹 Backlog: $173B (Over 2 years of sales coverage)
CEO Commentary
🔸 “These solid first quarter results reinforce confidence in our full-year guidance… Our focus remains on operational excellence and delivering on our $173B backlog to support evolving global security needs.” – Jim Taiclet, CEO