Huntington Ingalls Industries (NYSE: HII) reported Q2 EPS of $4.44, $1.07 better than the analyst estimate of $3.37. Revenue for the quarter came in at $2.7 billion versus the consensus estimate of $2.62 billion.

2022 Financial Outlook:

• Reaffirming shipbuilding revenue2, shipbuilding operating margin2, Mission Technologies segment operating margin2 and free cash flow2 guidance
• Revising Mission Technologies revenue guidance to a range given slower overall award and contracting pace in the first half of 2022
• 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 between $2.4 and $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 million4
• Expect cumulative FY20-FY24 free cash flow2 of approximately $3.2 billion4

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