Huntington Ingalls Industries (HII) Tops Q2 EPS by 56c

Huntington Ingalls Industries (NYSE: HII) reported Q2 EPS of $3.05, $0.56 better than the analyst estimate of $2.49. Revenue for the quarter came in at $2.2 billion versus the consensus estimate of $2.17 billion.

New contract awards in the second quarter of 2021 were approximately $1.2 billion, bringing total backlog to approximately $47.7 billion as of June 30, 2021.

“We are pleased with second quarter results that demonstrate another quarter of consistent program execution,” said Mike Petters, HII’s president and CEO. “We recently announced the agreement to acquire Alion Science and Technology, which we believe is a perfect complement to our existing capabilities in the technology-driven defense solutions space. We believe Alion offers significant growth potential and represents an investment in capabilities that are critical to national security now and into the future and will generate significant value for our stakeholders over the long term.”

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

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