Huntington Ingalls Q2 2021 Earnings Report
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
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