earnings
confidence high
sentiment neutral
materiality 0.68
HII Q4 EPS $2.99 vs $6.15 YoY; 2022 shipbuilding margin guidance 8.0-8.1%
HUNTINGTON INGALLS INDUSTRIES, INC.
2021-FY EPS reported
$13.50
revenue$9,524,000,000
- Q4 revenues $2.7B (-2.9%), operating margin 4.5% vs 11.1%; full-year revenues $9.5B (+1.7%), operating margin 5.4%.
- Diluted EPS $13.50 for 2021 vs $17.14; pension-adjusted EPS $13.03 vs $10.00 (non-GAAP).
- Segment operating margin improved to 7.2% for 2021 vs 5.9% in 2020; Newport News segment op. income up 51%.
- Backlog $48.5B at Dec. 31, 2021; new contract awards ~$1.0B in Q4.
- 2022 outlook: shipbuilding revenue $8.2-8.5B, shipbuilding op. margin 8.0-8.1%; free cash flow $300-350M.