M&A
confidence medium
sentiment neutral
materiality 0.60
HII completes Alion acquisition; Alion FY2020 revenue $1.065B, op income $62.2M
HUNTINGTON INGALLS INDUSTRIES, INC.
- Alion FY2020 (Sept 30) contract revenue $1.065B, +15% YoY from $924M; operating income $62.2M vs $37.2M.
- Alion net income FY2020 $7.6M vs $14.9M (FY2019 included $27.8M from discontinued operations).
- Alion total assets $918M, stockholder's equity $351M as of Sept 2020; term loan $347.7M.
- Unaudited pro forma combined financials filed as if acquisition occurred Jan 1, 2020 (results not excerpted).
- Acquisition closed Aug 20, 2021; this amendment provides required historical and pro forma financials.