secwatch.observer — SEC 8-K summary
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Issuer:     HUNTINGTON INGALLS INDUSTRIES, INC. (HII)
CIK:        0001501585
Form:       8-K
Filed at:   2023-08-03T23:59:59+00:00
Accession:  0001501585-23-000024
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

HII Q2 rev $2.8B (+4.7%), EPS $3.27 (down 26%), FCF $14M (down 93%)
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- Record Q2 revenue of $2.8B, up 4.7% YoY driven by Newport News Shipbuilding and Mission Technologies growth.
- Net earnings $130M ($3.27 diluted EPS) vs $178M ($4.44 EPS) in Q2 2022; operating income down to $156M from $191M.
- Free cash flow plunged to $14M from $208M in prior-year quarter; cash from operations $82M vs $267M.
- New contract awards $2.6B in Q2, total backlog $46.9B; reaffirmed FY23 guidance for shipbuilding, Mission Technologies, and free cash flow.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1501585/000150158523000024/0001501585-23-000024-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1501585/000150158523000024/hii-20230803.htm
  HTML page:      https://secwatch.observer/filing/0001501585-23-000024

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