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Sep 30, 2021
Huntington Ingalls Q3 2021 Earnings Report
Reported a revenue increase and the acquisition of Alion Science and Technology Corp
Key Takeaways
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.
Revenues were $2.3 billion in the quarter.
Operating margin was 5.0% and segment operating margin was 7.0%.
Diluted earnings per share was $3.65.
The acquisition of Alion Science and Technology Corp. closed on Aug. 19, 2021
Revenue by Segment
Forward Guidance
The company provided an updated outlook for 2021, including impacts from the Alion acquisition.
Positive Outlook
- Shipbuilding operating margin in line with prior expectations
- ~$400 million revenue increase from Alion acquisition
- Delayed repayment of accelerated progress payments improves 2021 free cash flow outlook
- Shipbuilding Revenue ~$8.2B
- Free Cash Flow $300M - $350M
Challenges Ahead
- Timing of material delivery impacting near-term Shipbuilding revenue
- Purchase intangible amortization impacts segment operating margin outlook
- Technical Solutions Segment Operating Margin ~2.5%
- Technical Solutions EBITDA Margin ~8.0%
- Non-current State Income Tax Expense ~($15M)
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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