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Stock impact report

HII Reports First Quarter 2024 Results [Yahoo! Finance]

Huntington Ingalls Industries, Inc. (HII) 
Last huntington ingalls industries, inc. earnings: 2/13 07:15 am Check Earnings Report
US:NYSE Investor Relations: ir.huntingtoningalls.com
Company Research Source: Yahoo! Finance
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 NEWPORT NEWS, Va., May 02, 2024 (GLOBE NEWSWIRE) -- HII (NYSE: HII) reported first quarter 2024 revenues of $2.8 billion, up 4.9% from the first quarter of 2023, driven primarily by growth at its Mission Technologies segment. Operating income in the first quarter of 2024 was $154 million and operating margin was 5.5%, compared to $141 million and 5.3%, respectively, in the first quarter of 2023. The increases were primarily driven by higher segment operating income compared to the prior year. Segment operating income in the first quarter of 2024 was $170 million and segment operating margin was 6.1%, compared to $156 million and 5.8%, respectively, in the first quarter of 2023. The increases were primarily driven by higher volumes at the Mission Technologies and Ingalls segments. Show less Read more
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