8-K
filed February 9, 2023, 6:59 PM ET
ticker HII
CIK 0001501585
earnings
confidence high
sentiment positive
materiality 0.90
HII Q4 revenue $2.8B (+5% YoY); full-year EPS $14.44; reaffirms 5-yr FCF target of ~$2.9B
HUNTINGTON INGALLS INDUSTRIES, INC.
2022-FY EPS reported
$14.44
revenue$10,676,000,000
- Q4 revenue $2.8B, up 5% YoY; operating margin 3.7% vs 4.5% in Q4 2021.
- Full-year 2022 revenue $10.7B (+12.1%); diluted EPS $14.44 vs $13.50 in 2021.
- 2022 cash from operations $766M; free cash flow $494M.
- Backlog $47.1B; Q4 new awards $3.2B.
- FY23 guidance: shipbuilding rev $8.4-8.6B, Mission Tech rev ~$2.5B; FCF $400-450M.
Key facts
Extracted from this filing and checked against the source text.
Earnings Releases
SEC 8-K Item 2.02
confidence 0.9
HUNTINGTON INGALLS INDUSTRIES, INC. reported the quarter ended December 31, 2022 results: revenue $2.8 billion, EPS $3.07.
- Period
- the quarter ended December 31, 2022
- Revenue
- $2.8 billion
- EPS
- $3.07
- Result
- reported results
Exact text from the filing
HII (NYSE:HII) reported fourth quarter 2022 revenues of $2.8 billion, up 5.0% from the fourth quarter of 2021. Operating income in the fourth quarter of 2022 was $105 million and operating margin was 3.7%, compared to $120 million and 4.5%, respectively, in the fourth quarter of 2021. Diluted earnings per share in the quarter was $3.07, compared to $2.99 in the fourth quarter of 2021.
View on SEC.gov
Earnings Releases
SEC 8-K Item 2.02
confidence 0.9
HUNTINGTON INGALLS INDUSTRIES, INC. reported the full year 2022 results: revenue $10.7 billion, EPS $14.44.
- Period
- the full year 2022
- Revenue
- $10.7 billion
- EPS
- $14.44
- Result
- reported results
Exact text from the filing
For the full year, revenues of $10.7 billion increased 12.1% over 2021. Operating income in 2022 was $565 million and operating margin was 5.3%, compared to $513 million and 5.4%, respectively, in 2021. Segment operating income 1 in 2022 was $712 million and segment operating margin 1 was 6.7%, compared to $683 million and 7.2%, respectively, in 2021. Diluted earnings per share for the full year was $14.44, compared to $13.50 in 2021.
View on SEC.gov
Earnings Releases
SEC 8-K Item 2.02
confidence 0.7
HUNTINGTON INGALLS INDUSTRIES, INC. reported FY23 results: revenue shipbuilding revenue between $8.4 and $8.6 billion; Mission Technologies revenue of approximately $2.5 billion. Guidance initiated.
- Period
- FY23
- Revenue
- shipbuilding revenue between $8.4 and $8.6 billion; Mission Technologies revenue of approximately $2.5 billion
- Guidance
- initiated
- Result
- guidance update
Exact text from the filing
2023 Financial Outlook 2 • Expect FY23 shipbuilding revenue 1 between $8.4 and $8.6 billion; expect shipbuilding operating margin 1 between 7.7% and 8.0% • Expect FY23 Mission Technologies revenue of approximately $2.5 billion, segment operating margin 1 between 2.5% and 3.0%; and Mission Technologies EBITDA margin 1 between 8.0% and 8.5% • Expect FY23 free cash flow 1 between $400 and $450 million 3 • Continue to expect cumulative FY20-FY24 free cash flow 1 of approximately $2.9 billion 3
View on SEC.gov
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