Mar 31, 2021

Huntington Ingalls Q1 2021 Earnings Report

Huntington Ingalls reported consistent program execution and achieved record backlog.

Key Takeaways

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.

Revenues were $2.3 billion in the quarter.

Operating margin was 6.5% and segment operating margin was 8.4%.

Diluted earnings per share was $3.68.

Achieved record backlog of $48.8 billion.

Total Revenue
$2.28B
Previous year: $2.26B
+0.7%
EPS
$3.68
Previous year: $4.23
-13.0%
Total Backlog
$48.8B
Previous year: $45.2B
+8.0%
Gross Profit
$342M
Previous year: $423M
-19.1%
Cash and Equivalents
$407M
Previous year: $28M
+1353.6%
Free Cash Flow
-$16M
Previous year: -$3M
+433.3%
Total Assets
$8.21B
Previous year: $7.62B
+7.9%

Huntington Ingalls

Huntington Ingalls

Huntington Ingalls Revenue by Segment

Forward Guidance

Company is well positioned to drive long-term value creation, with an unprecedented level of backlog in-hand and a workforce that has become more capable while working through the challenges posed by COVID-19.

Revenue & Expenses

Visualization of income flow from segment revenue to net income