earnings
confidence high
sentiment positive
materiality 0.80
HII Q2 revenue $2.7B (+19%), EPS $4.44; revises Mission Tech revenue guidance lower
HUNTINGTON INGALLS INDUSTRIES, INC.
2022-Q2 EPS reported
$7.93
revenue$5,238,000,000
- Q2 revenue $2.7B (+19.3% YoY); net earnings $178M ($4.44 diluted EPS vs $3.20).
- Segment operating income $225M (+33% YoY); Ingalls margin 16.1%, Newport News 6.6%, Mission Tech 4.2%.
- Free cash flow $208M (vs $23M YoY); backlog $47.2B; new awards $2.0B.
- Reaffirmed FY22 shipbuilding revenue $8.2-8.5B, margin 8.0-8.1%; trimmed Mission Tech revenue to $2.4-2.6B.
- CEO cites consistent execution; Alion acquisition added $363M to Mission Tech revenue.