Huntington Ingalls Earnings Reports

Huntington Ingalls Industries (HII) reported Q4 2024 revenues of $3.0 billion, a decrease compared to $3.2 billion in Q4 2023. Diluted earnings per share was $3.15, down from $6.90 in the prior year. The decrease was driven by lower volume at all segments compared to the prior year.

HII reported a decrease in third-quarter revenue to $2.7 billion, a 2.4% decrease year-over-year, driven by lower volume at Ingalls Shipbuilding and Newport News Shipbuilding, which was partially offset by growth at Mission Technologies. Net earnings were $101 million, or $2.56 per share, compared to $148 million, or $3.70 per share, in the third quarter of 2023. The company is providing an updated fiscal 2024 outlook and withdrawing its 5-year free cash flow outlook.

HII reported a strong second quarter with record revenues of $3.0 billion, up 6.8% year-over-year. Operating income increased by 21.2% to $189 million, and net earnings rose to $173 million, or $4.38 per diluted share. The company delivered the Virginia-class submarine New Jersey (SSN 796) and the amphibious transport dock Richard M. McCool Jr. (LPD 29).

HII reported a strong start to 2024 with record first quarter revenues of $2.8 billion, up 4.9% compared to the first quarter of 2023. Operating income increased by 9.2% to $154 million, and net earnings were $153 million, or $3.87 diluted earnings per share. New contract awards totaled $3.1 billion, resulting in a backlog of $48.4 billion.

HII reported a strong fourth quarter with revenues up 13% year-over-year to $3.2 billion and diluted earnings per share of $6.90. The company's total backlog reached approximately $48.1 billion. HII anticipates continued growth and cash generation in the coming years.

HII reported a strong third quarter with record revenues of $2.8 billion, up 7.2% compared to Q3 2022. The company also increased its FY23 free cash flow guidance and reaffirmed shipbuilding and Mission Technologies FY23 margin guidance.

Huntington Ingalls Industries (HII) reported a 4.7% increase in revenue to $2.8 billion for the second quarter of 2023, driven by growth in Newport News Shipbuilding and Mission Technologies. Net earnings were $130 million, or $3.27 diluted earnings per share. The company reaffirmed its shipbuilding and Mission Technologies FY23 guidance and free cash flow guidance.

Huntington Ingalls Industries (HII) reported a 3.8% increase in first-quarter revenue, reaching a record $2.7 billion, driven by growth in Newport News Shipbuilding and Mission Technologies. The company reaffirmed its FY23 guidance expectations. New contract awards in the first quarter of 2023 were approximately $2.6 billion, bringing total backlog to approximately $47.0 billion as of March 31, 2023.

HII reported a 5.0% increase in Q4 2022 revenues, reaching $2.8 billion. Diluted earnings per share increased to $3.07, compared to $2.99 in Q4 2021. New contract awards in the fourth quarter of 2022 were approximately $3.2 billion, bringing total backlog to approximately $47.1 billion as of December 31, 2022.

HII's third quarter 2022 revenues reached $2.6 billion, a 12.3% increase from Q3 2021, driven by the Alion acquisition and growth at Newport News Shipbuilding. The company reported net earnings of $138 million, or $3.44 diluted earnings per share. HII narrows FY22 revenue guidance ranges, reaffirms shipbuilding operating margin guidance, revises Mission Technologies operating margin guidance, increases FY22 free cash flow guidance and updates for current R&D tax treatment.

HII reported Q2 2022 revenues of $2.7 billion, a 19.3% increase compared to Q2 2021. Net earnings were $178 million, or $4.44 diluted earnings per share. The company reaffirmed its FY22 shipbuilding revenue and segment operating margin guidance, revised its Mission Technologies revenue guidance, and reaffirmed its FY22 free cash flow guidance.

HII reported first quarter 2022 revenues of $2.6 billion, up 13.1% from the first quarter of 2021. Net earnings were $140 million, with diluted earnings per share of $3.50. The company reaffirmed its FY22 revenue, margin, and free cash flow guidance.

Huntington Ingalls Industries reported Q4 2021 revenues of $2.7 billion, a 2.9% decrease from Q4 2020. Operating income was $120 million, down from $305 million in the prior year. Diluted earnings per share was $2.99, compared to $6.15 in Q4 2020. The company's total backlog reached $48.5 billion.

Huntington Ingalls Industries reported a revenue increase of 1.0% to $2.3 billion in Q3 2021 compared to Q3 2020. Diluted earnings per share was $3.65, and the company closed the acquisition of Alion Science and Technology Corp.

Huntington Ingalls Industries reported a 10.1% increase in revenues to $2.2 billion for the second quarter of 2021. Operating income increased significantly to $128 million, with a corresponding margin of 5.7%. Diluted earnings per share were reported at $3.20, and adjusted EPS was $3.05.

Huntington Ingalls Industries reported first quarter revenues of $2.3 billion, a slight increase from the previous year. Diluted earnings per share was $3.68. The company achieved a record backlog of $48.8 billion.

Huntington Ingalls Industries (HII) reported Q4 2020 revenues of $2.8 billion, a 14.3% increase from Q4 2019. Diluted earnings per share was $6.15, compared to $3.61 in the same period of 2019. New contract awards in the quarter were approximately $3.5 billion, bringing total backlog to approximately $46.0 billion as of Dec. 31, 2020.

Huntington Ingalls Industries reported a 4.3% increase in revenues to $2.3 billion and diluted earnings per share of $5.45, compared to $3.74 in the same period of 2019. The increase in revenue was driven by growth at both HII's Newport News and Ingalls Shipbuilding divisions. New contract awards in the quarter were approximately $1.6 billion, bringing total backlog to approximately $45.3 billion as of Sept. 30, 2020.

Huntington Ingalls Industries reported a decrease in revenues and operating income for the second quarter of 2020, primarily due to unfavorable cumulative catch-up adjustments and COVID-19 related impacts. Despite these challenges, new contract awards were approximately $2.9 billion, bringing total backlog to approximately $46.1 billion.

Huntington Ingalls Industries reported strong first-quarter results with revenue growth driven by higher volume at Newport News and Ingalls shipbuilding divisions, as well as growth at the Technical Solutions division. The company's operating margin improved due to a favorable operating FAS/CAS adjustment and higher risk retirement at both Newport News and Ingalls shipbuilding divisions. The company maintains a substantial backlog and reiterates long-term financial targets.

Huntington Ingalls Industries reported a 9.7% increase in Q4 revenues to $2.4 billion, driven by growth in Newport News Shipbuilding. Diluted earnings per share were $3.61, while adjusted diluted earnings per share was $4.36. New contract awards totaled $9.7 billion, resulting in a total backlog of $46.5 billion.