HII reported Q1 2025 revenues of $2.7 billion, down 2.5% year-over-year. Operating income increased to $161 million, with a margin of 5.9%. Net earnings were $149 million, and diluted EPS was $3.79. The company saw a negative free cash flow of $462 million and ended the quarter with a total backlog of approximately $48.0 billion.
Total revenues for Q1 2025 were $2.7 billion, a decrease of 2.5% from Q1 2024.
Operating income improved to $161 million (5.9% margin) in Q1 2025, up from $154 million (5.5% margin) in the prior year.
Net earnings decreased slightly to $149 million in Q1 2025 compared to $153 million in Q1 2024.
Diluted earnings per share were $3.79 in Q1 2025, down from $3.87 in Q1 2024.
HII expects throughput to increase throughout the year and anticipates steady improvement in operational and financial performance, supported by operational initiatives and cost savings.
Visualization of income flow from segment revenue to net income