HII Q4 revenue up 13% to record $3.2B; diluted EPS $6.90; sees FY24 FCF $600-700M

HUNTINGTON INGALLS INDUSTRIES, INC.

2023-FY EPS reported $17.07 revenue$11,454,000,000

Q4 revenue $3.2B (+13% YoY); full-year record revenue $11.5B (+7.3%).
Q4 diluted EPS $6.90 vs $3.07; full-year diluted EPS $17.07 vs $14.44.
FY23 operating cash flow $970M, free cash flow $692M; backlog $48.1B.
FY24 guidance: shipbuilding revenue $8.8-9.1B, Mission Tech revenue $2.7-2.75B, FCF $600-700M.
Management expects 5-year revenue growth over 4% and cash generation of $3.6B.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 1.0

HUNTINGTON INGALLS INDUSTRIES, INC. reported fourth quarter and full year 2023 results: revenue $3.2 billion; record revenues of $11.5 billion, EPS $6.90 diluted earnings per share for the fourth quarter, $17.07 for 2023.

Period: fourth quarter and full year 2023
Revenue: $3.2 billion; record revenues of $11.5 billion
EPS: $6.90 diluted earnings per share for the fourth quarter, $17.07 for 2023
Result: reported results

Exact text from the filing

HII Reports Fourth Quarter and Full Year 2023 Results • Fourth quarter revenues grew 13% year over year, to a record $3.2 billion • Record 2023 revenues of $11.5 billion, grew 7.3% year over year • Diluted earnings per share was $6.90 for the fourth quarter, $17.07 for 2023 • Net cash provided from operations was $970 million, and free cash flow 1 was $692 million in 2023

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Source: SEC EDGAR

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