secwatch.observer — SEC 8-K summary
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Issuer:     HUNTINGTON INGALLS INDUSTRIES, INC. (HII)
CIK:        0001501585
Form:       8-K
Filed at:   2023-05-04T23:59:59+00:00
Accession:  0001501585-23-000014
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1501585/000150158523000014/0001501585-23-000014-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1501585/000150158523000014/hii-20230504.htm
  HTML page:      https://secwatch.observer/filing/0001501585-23-000014

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer