Huntington Ingalls Industries (NYSE: HII) reported Q1 EPS of $3.50, $0.28 better than the analyst estimate of $3.22. Revenue for the quarter came in at $2.6 billion versus the consensus estimate of $2.52 billion.

2022 Financial Outlook:

• Reaffirming revenue, margin and free cash flow2 guidance, updating FY22 pension expectations
• Expect FY22 shipbuilding revenue2 between $8.2 and $8.5 billion; expect shipbuilding operating margin2 between 8.0% and 8.1%
• Expect FY22 Mission Technologies revenue of approximately $2.6 billion, segment operating margin2 of approximately 2.5%; and expect Mission Technologies EBITDA margin2 of between 8.0% and 8.5%
• Expect FY22 free cash flow2 of between $300 and $350 million3
• Expect cumulative FY20-FY24 free cash flow2 of approximately $3.2 billion3
• Updated FY22 pension expectations following ratification of labor agreement

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