Huntington Ingalls Industries (HII) Tops Q4 EPS by 16c, Revenues Beat

Huntington Ingalls Industries (NYSE: HII) reported Q4 EPS of $4.36, $0.16 better than the analyst estimate of $4.20. Revenue for the quarter came in at $2.41 billion versus the consensus estimate of $2.32 billion.

• Revenues were $2.4 billion in the quarter; $8.9 billion in 2019
• Operating margin was 7.7% in the quarter; 8.3% in 2019
• Diluted earnings per share was $3.61 in the quarter; $13.26 in 2019
• Adjusted diluted earnings per share1 was $4.36 in the quarter; $14.01 in 2019
• Cash from operations was $896 million, and free cash flow1 was $460 million in 2019

“Our 2019 shipbuilding results were in line with our expectations, and we have entered 2020 with very positive operating momentum after achieving a number of key program milestones across both shipyards. Additionally, we are continuing to refine our focus in Technical Solutions as we invest in markets that are aligned with Navy and broader customer priorities,” said Mike Petters, HII president and CEO. “With an unprecedented backlog of shipbuilding work serving as a strong foundation, we are actively shaping our business portfolio to optimize long-term value creation for our shareholders, customers and employees.”

For earnings history and earnings-related data on Huntington Ingalls Industries (HII) click here.

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