Huntington Ingalls Industries (HII) Misses Q1 EPS by 38c, Revenues Beat

Huntington Ingalls Industries (NYSE: HII) reported Q1 EPS of $2.85, $0.38 worse than the analyst estimate of $3.23. Revenue for the quarter came in at $2.08 billion versus the consensus estimate of $1.95 billion.

• Revenues were $2.1 billion in the quarter
• Operating margin was 7.7%
• Diluted earnings per share was $2.85
• Record backlog of $40.6 billion

“The first quarter was highlighted by the historic $15.2 billion contract for the detail design and construction of two aircraft carriers,” said Mike Petters, HII’s president and CEO. “With the Navy’s commitment to the two-carrier buy and more than $40 billion in contracted backlog overall, HII is well-positioned to continue creating long-term, sustainable value for our shareholders, customers and employees.”

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

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