HII Q1 revenue $2.7B (+3.8% YoY); EPS $3.23 vs $3.50; backlog $47B; reaffirms FY23 guidance

HUNTINGTON INGALLS INDUSTRIES, INC.

2023-Q1 EPS reported $3.23 revenue$2,674,000,000

Revenue $2.7B, up 3.8% YoY; net earnings $129M ($3.23 diluted EPS).
Segment operating income $156M (5.8% margin), down from $176M (6.8%) on lower risk retirement at Ingalls.
Free cash flow negative $49M vs negative $126M a year ago; net cash used in ops $9M.
Backlog $47B; new awards $2.6B including $1.3B contract for amphibious transport dock LPD 32.
Company reaffirms FY23 guidance expectations.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

HUNTINGTON INGALLS INDUSTRIES, INC. reported first quarter 2023 results: revenue $2.7 billion, net income $129 million, EPS $3.23 diluted earnings per share. Guidance reaffirmed.

Period: first quarter 2023
Revenue: $2.7 billion
Net income: $129 million
EPS: $3.23 diluted earnings per share
Guidance: reaffirmed
Result: reported results

Exact text from the filing

• Record first quarter revenues of $2.7 billion, up 3.8% compared to first quarter 2022 • Net earnings of $129 million or $3.23 diluted earnings per share • Awarded $1.3 billion contract for amphibious transport dock LPD 32 • Company reaffirms FY23 guidance expectations

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Source: SEC EDGAR

accession 0001501585-23-000014

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