Huntington Ingalls Industries Q1 2023 Earnings Report

Huntington Ingalls Industries EPS Results

• Actual EPS: $3.23
• Consensus EPS: $3.00
• Beat/Miss: Beat by +$0.23
• One Year Ago EPS: $3.50

Huntington Ingalls Industries Revenue Results

• Actual Revenue: $2.67 billion
• Expected Revenue: $2.60 billion
• Beat/Miss: Beat by +$74.23 million
• YoY Revenue Growth: +3.80%

Huntington Ingalls Industries Announcement Details

• Quarter: Q1 2023
• Date: 5/4/2023
• Time: Before Market Opens

Huntington Ingalls Industries (NYSE:HII) designs, builds, overhauls, and repairs military ships in the United States. It operates through three segments: Ingalls, Newport News, and Mission Technologies. The company is involved in the design and construction of non-nuclear ships comprising amphibious assault ships; expeditionary warfare ships; surface combatants; and national security cutters for the U.S. Navy and U.S. Coast Guard. It also provides nuclear-powered ships, such as aircraft carriers and submarines, as well as refueling and overhaul, and inactivation services of nuclear-powered aircraft carriers. In addition, the company offers naval nuclear support services, including fleet services comprising design, construction, maintenance, and disposal activities for in-service the U.S. Navy nuclear ships; and maintenance services on nuclear reactor prototypes. Further, the company provides C5ISR systems and operations; application of artificial intelligence and machine learning to battlefield decisions; defensive and offensive cyberspace strategies and electronic warfare; live, virtual, and constructive solutions; unmanned, autonomous systems; and fleet sustainment; and critical nuclear operations. Huntington Ingalls Industries, Inc. was founded in 1886 and is headquartered in Newport News, Virginia.