HII Q1 revenue up 4.9% to $2.8B, EPS $3.87, backlog $48.4B, reaffirms guidance

HUNTINGTON INGALLS INDUSTRIES, INC.

2024-Q1 EPS reported $3.87 revenue$2,805,000,000

Revenue $2.8B (+4.9% YoY), operating income $154M (+9.2% YoY).
Net earnings $153M ($3.87 diluted EPS) vs $129M ($3.23) in Q1 2023.
New contract awards $3.1B, total backlog $48.4B as of March 31, 2024.
Operating cash flow negative $202M, free cash flow negative $274M vs negative $49M prior year.

item 2.02 item 9.01

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 March 31, 2024 results: revenue $2.8 billion, net income $153 million, EPS $3.87 diluted earnings per share. Guidance reaffirmed.

Period: the quarter ended March 31, 2024
Revenue: $2.8 billion
Net income: $153 million
EPS: $3.87 diluted earnings per share
Guidance: reaffirmed
Result: reported results

Exact text from the filing

HII Reports First Quarter 2024 Results • Record first quarter revenues of $2.8 billion, up 4.9% compared to first quarter 2023 • Operating income of $154 million, up 9.2% compared to first quarter 2023 • Net earnings of $153 million or $3.87 diluted earnings per share • New contract awards of $3.1 billion, resulting in backlog of $48.4 billion • Company reaffirms previously issued financial guidance

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Source: SEC EDGAR

accession 0001501585-24-000011

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