Huntington Ingalls Industries Inc

HII

Equity

ISIN US4464131063 / Valor 12704680

New York Stock Exchange, Inc (2024-12-26)

USD 191.83-0.33%

Huntington Ingalls Industries Inc
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About company

Huntington Ingalls Industries Inc is a company that specializes in building, designing, and servicing advanced technologies and solutions for the control and exploitation of the air domain. With a focus on aviation and Intelligence, Surveillance, and Reconnaissance (ISR) sensor systems, HII has a proven track record in providing capabilities across space-based operations, including geospatial intelligence, AI, autonomous cueing of ISR networks, and space network modeling. Additionally, HII offers special mission support to the U.S. Space Force, electronic warfare design, and cyber capabilities for spacecraft. The company also designs and integrates networks, sensors, and systems for military platforms to support joint operations on land, at sea, in the air, and in space. Furthermore, HII is known for building powerful ships and technologies to safeguard America's maritime interests worldwide, as well as providing capabilities integration for land force effectiveness.

Summarized from source with an LLMView SourceSector: Industrials

Revenue Decline

Huntington Ingalls Industries Inc reported third quarter 2024 revenues of $2.7 billion, marking a 2.4% decrease from the same quarter in 2023. This decline was primarily attributed to reduced volumes at Ingalls Shipbuilding and Newport News Shipbuilding, although there was some growth in the Mission Technologies segment.

Net Earnings and EPS

For the third quarter of 2024, Huntington Ingalls Industries Inc recorded net earnings of $101 million, a decrease from $148 million in the third quarter of 2023. The diluted earnings per share also fell to $2.56 from $3.70 in the previous year.

Operating Income and Margin

Huntington Ingalls Industries Inc's operating income for the third quarter of 2024 was $82 million, with an operating margin of 3.0%. This represents a significant drop from the third quarter of 2023, where the operating income was $172 million and the margin was 6.1%.

Free Cash Flow

The company's free cash flow for the third quarter of 2024 was $136 million, down from $293 million in the same period of 2023. Net cash provided by operating activities was $213 million, compared to $335 million in the previous year.

Updated Financial Outlook

Huntington Ingalls Industries Inc has updated its fiscal 2024 outlook, projecting shipbuilding revenue to be approximately $8.8 billion and shipbuilding operating margin between 5.0% and 6.0%. The company has also increased its expected revenue range for Mission Technologies to between $2.8 billion and $2.85 billion, with an operating margin of approximately 3.75%.

Summarized from source with an LLMView Source

Key figures

-25.6%1Y

5.28%3Y

-24.1%5Y

Performance

38.4%1Y

29.8%3Y

32.5%5Y

Volatility