earnings
confidence high
sentiment neutral
materiality 0.70
HII reports Q3 2021 EPS of $3.65; revenue $2.3B, up 1%; FCF $277M; raises FCF guidance to $300-350M
HUNTINGTON INGALLS INDUSTRIES, INC.
2021-Q3 EPS reported
$10.52
revenue$6,847,000,000
- Diluted EPS $3.65 vs $5.45 YoY; pension adjusted EPS $3.58 vs $3.73.
- Revenue $2.3B, +1% YoY; operating margin 5.0% (down from 9.6%) due to FAS/CAS; segment margin 7.0% flat.
- Free cash flow $277M vs $160M YoY; cash from operations $350M.
- Alion acquisition closed Aug 19; contributed $163M revenue; $15M transaction expenses.
- Updated 2021 outlook: Shipbuilding revenue ~$8.2B, Tech Solutions ~$1.4B, FCF $300-350M.