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Jun 30, 2021
Huntington Ingalls Q2 2021 Earnings Report
Huntington Ingalls Industries reported a revenue increase and improved profitability in the second quarter of 2021.
Key Takeaways
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.
Revenues increased by 10.1% compared to the second quarter of 2020, reaching $2.2 billion.
Operating income rose to $128 million, with an operating margin of 5.7%.
Diluted earnings per share reached $3.20, a notable increase from $1.30 in the same period last year.
New contract awards in the second quarter of 2021 totaled approximately $1.2 billion, bringing total backlog to approximately $47.7 billion.
Huntington Ingalls
Huntington Ingalls
Huntington Ingalls Revenue by Segment
Revenue by Segment
Ingalls Shipbuilding Revenue
CapyFin.comNewport News Shipbuilding Revenue
CapyFin.comMission Technologies Revenue
CapyFin.com Forward Guidance
Huntington Ingalls Industries recently announced the agreement to acquire Alion Science and Technology.
Positive Outlook
- Alion Science and Technology is a perfect complement to existing capabilities in the technology-driven defense solutions space.
- Alion offers significant growth potential.
- Alion represents an investment in capabilities that are critical to national security now and into the future.
- Alion is expected to generate significant value for stakeholders over the long-term.
Revenue & Expenses
Visualization of income flow from segment revenue to net income