secwatch.observer — SEC 8-K summary
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Issuer:     HUNTINGTON INGALLS INDUSTRIES, INC. (HII)
CIK:        0001501585
Form:       8-K
Filed at:   2022-05-05T23:59:59+00:00
Accession:  0001501585-22-000011
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

HII Q1 revenue $2.6B (+13.1%), EPS $3.50; reaffirms FY22 guidance
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- Net earnings $140M ($3.50 diluted EPS) vs $148M ($3.68) YoY; operating margin 5.4% vs 6.5%.
- Segment operating income $176M (6.8% margin), down from $191M (8.4%) on lower risk retirement at Newport News.
- Newport News Shipbuilding revenue $1.39B (-1.2%); submarine revenue up on Columbia/Virginia-class, offset by aircraft carrier decline.
- Mission Technologies revenue $590M (+127.8%) on Alion acquisition; EBITDA margin 7.3%.
- Reaffirmed FY22 shipbuilding rev $8.2-8.5B, free cash flow $300-350M; updated pension expectations to $273M non-operating retirement benefit.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1501585/000150158522000011/0001501585-22-000011-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1501585/000150158522000011/hii-20220505.htm
  HTML page:      https://secwatch.observer/filing/0001501585-22-000011

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