Sign In
Search
Business/Financial

Huntington Ingalls Industries Reports Strong Second Quarter Results

Cal Biesecker By
SHARE:
Huntington Ingalls Industries Reports Strong Second Quarter Results
Virginia-class submarine Montana (SSN 794). Work on Virginia-class subs contributed to sales and earnings increases at HII in the second quarter. Photo: HII

Huntington Ingalls Industries [HII] on Thursday posted strong top and bottom-line results in its second quarter driven primarily by its shipbuilding operations despite pension headwinds. Net income was up 146 percent to $129 million, $3.20 earnings per share (EPS), from $53 million ($1.30 EPS) a year ago. Excluding pension impacts, adjusted earnings of $3.05 EPS topped consensus estimates by 49 cents per share. Sales increased 10 percent to $2.2 billion from $2 billion a year ago. At the operating level,…

Subscriber-only content. Please log in below.

Not a subscriber or registered user yet?

Please contact us at clientservices@accessintel.com or call us at 888-707-5814 (Monday – Thursday 9:00 a.m. – 5:30 p.m. and Friday 9:00 a.m. – 3:00 p.m. ET.), to start a free trial, get pricing information, order a reprint, or post an article link on your website.

Recommended

Business/Financial

DoD Takes Equity Stake In Steel Firm As Part Of Funding Raise

Business/Financial

Avio Breaks Ground On New Solid Rocket Motor Facility Expected To Begin Production In 2029

Business/Financial

U.K. Defense Firm OpenWorks Expands Into U.S. Market

Business/Financial

Powerus Set To Go Public On Thursday

Trending

Boeing Picked For Navy’s F/A-XX Carrier Fighter
USAF Awards Raytheon Nearly $21 Billion for AMRAAM Foreign Orders
21 Tranche 1, Transport Layer Satellites Delivered to Vandenberg, Northrop Grumman Says
Defense Watch: Munitions Shortages, IVEWS LRIP, Satellite Infrastructure
U.S. Space Force Pins Hopes on Space-Based Radar Systems, Northrop Grumman Building GMTI System

Congress Updates

Congress

Rep. Himes Signals Increased Contractor Oversight, if Democrats Win House

Rep. Jim Himes (D-Conn.), the ranking member of the House Permanent Select Committee on Intelligence, plans to increase the committee’s contractor oversight if the Democrats win control of the House […]

Congress

CBO Estimates Loss of One-Half to Two-Thirds of U.S. Missile Interceptors Since June Last Year

A new Congressional Budget Office report estimates the cost of the Iran war through Aug. 1 as $38 billion and says that the U.S. has likely depleted between one-half and […]

Missile Defense

Fischer Says Golden Dome Boosters Need To Increase Capitol Hill Support With Information, Warns Against Counting On Reconciliation

NATIONAL HARBOR, Md. – A Senate Armed Services panel chair today said boosters of the Golden Dome program still have work to do to increase support on Capitol Hill while […]

Navy/USMC

HII Executive Outlines Its Shipbuilding Acceleration Strategy

An HII [HII] shipbuilding executive last week told lawmakers how the company plans to improve and accelerate shipbuilding throughout via workforce improvements, adding new shipbuilding infrastructure and reinforcing distributed shipbuilding […]

The Force Multipliers

Force Multipliers

Michael Harrison – SANS Institute

Force Multipliers

Michael DiOrio – Dataminr

Force Multipliers

Arne Brinck – Dark Wolf Solutions

Force Multipliers

Jags Kandasamy – Latent AI

Job Feed

Post a Job // Post a Resume