HII Q3 revenue up 12.3% to $2.6B; EPS $3.44; narrows FY22 guidance, raises FCF outlook

HUNTINGTON INGALLS INDUSTRIES, INC.

2022-Q3 EPS reported $11.37 revenue$7,864,000,000

Revenue $2.6B, up 12.3% YoY; net earnings $138M, diluted EPS $3.44 (vs $3.65 prior year).
Segment operating income $166M, operating margin 6.3% (down from 7.0% YoY).
Free cash flow negative $96M in Q3; FY22 FCF guidance raised to ~$350M from $200-250M.
New awards $2.1B in quarter; total backlog $46.7B as of Sep 30, 2022.
FY22 shipbuilding revenue guidance narrowed to $8.2-8.3B; Mission Technologies rev ~$2.4B, segment margin ~2.3%.

item 2.02 item 9.01

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

HUNTINGTON INGALLS INDUSTRIES, INC. reported third quarter 2022 results: revenue $2.6 billion, net income $138 million, EPS $3.44 diluted earnings per share.

Period: third quarter 2022
Revenue: $2.6 billion
Net income: $138 million
EPS: $3.44 diluted earnings per share
Result: reported results

Exact text from the filing

HII Reports Third Quarter 2022 Results • Revenues were $2.6 billion in the quarter • Net earnings of $138 million or $3.44 diluted earnings per share • Narrows FY22 revenue guidance ranges • Reaffirms shipbuilding operating margin 1 guidance, revises Mission Technologies operating margin guidance • Increases FY22 free cash flow 1 guidance and updates for current R&D tax treatment

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accession 0001501585-22-000032

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