Huntington Ingalls Industries (HII) Misses Q3 EPS by 1c

Huntington Ingalls Industries (NYSE: HII) reported Q3 EPS of $3.44, $0.01 worse than the analyst estimate of $3.45. Revenue for the quarter came in at $2.6 billion versus the consensus estimate of $2.69 billion.

2022 Financial Outlook:

• Expect FY22 revenue at lower end of previous guidance ranges given challenging labor environment and timing of material delivery
• Expect FY22 shipbuilding revenue2 between $8.2 and $8.3 billion, shipbuilding operating margin2 between 8.0% and 8.1%
• Expect FY22 Mission Technologies revenue of approximately $2.4 billion, segment operating margin2 of approximately 2.3%; and Mission Technologies EBITDA margin2 of approximately 8.3%
• Expect FY22 free cash flow2 of approximately $350 million4 based on current tax law
• Expect cumulative FY20-FY24 free cash flow2 of approximately $2.9 billion

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

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