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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.
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 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