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Dec 31, 2021
Huntington Ingalls Q4 2021 Earnings Report
Huntington Ingalls reported a decrease in revenue and operating income compared to the same period last year, but total backlog increased.
Key Takeaways
Huntington Ingalls Industries reported Q4 2021 revenues of $2.7 billion, a 2.9% decrease from Q4 2020. Operating income was $120 million, down from $305 million in the prior year. Diluted earnings per share was $2.99, compared to $6.15 in Q4 2020. The company's total backlog reached $48.5 billion.
Revenues decreased by 2.9% to $2.7 billion compared to Q4 2020.
Operating income decreased to $120 million from $305 million in Q4 2020.
Diluted earnings per share decreased to $2.99 from $6.15 in Q4 2020.
New contract awards were approximately $1.0 billion, bringing total backlog to approximately $48.5 billion.
Revenue by Segment
Forward Guidance
Huntington Ingalls Industries provided its financial outlook for 2022.
Positive Outlook
- Anticipate continued, steady shipbuilding operating margin expansion
- Anticipate strong organic revenue growth in Technical Solutions
- Expect cumulative FY20-FY24 free cash flow of approximately $3.2B
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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