Huntington Ingalls Industries (HII) Reports Q2 EPS of $1.30
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Huntington Ingalls Industries Reports Second Quarter 2020 Results, Provides COVID-19 Update and Updates 2020 Outlook
August 6, 2020 7:15 AM EDTRevenues were $2.0 billion in the quarterOperating margin was 2.8%Diluted earnings per share was $1.30Cash from operations was $201 million, and free cash flow1 was $126 millionBacklog of $46.1 billion
NEWPORT NEWS, Va., Aug. 06, 2020 (GLOBE NEWSWIRE) -- Huntington Ingalls Industries (NYSE: HII) reported second quarter 2020 revenues of $2.0 billion, down 7.4% from the second quarter of 2019. Operating income in the quarter was $57 million and operating margin was 2.8%, compared to $175 million and 8.0%, respectively, in the second quarter of 2019.
The decreases in the quarter were primarily driven by unfavorable cumulative catch-up adjustments totaling $167 million... More
