Aerojet Rocketdyne Non-GAAP EPS of $0.31 misses by $0.25, revenue of $648.2M beats by $32.47M

• Aerojet Rocketdyne press release (NYSE:AJRD): Q4 Non-GAAP EPS of $0.31 misses by $0.25.
• Revenue of $648.2M (+9.9% Y/Y) beats by $32.47M.
• As of December 31, 2022, the Company’s total remaining performance obligations, also referred to as backlog, totaled $6.8 billion.
• The Company expects to recognize approximately 33%, or $2.3 billion, of the remaining performance obligations as sales over the next twelve months.