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Huntington Ingalls Industries (HII)
NYSE:HII
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Earnings Data
Report Date
Feb 06, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$3.28Last Year’s EPS
$6.9Same Quarter Last Year
Based on 9 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 31, 2024
|% Change Since: -22.23%
|Next Earnings Date:Feb 06, 2025
Earnings Call Sentiment|Negative
The earnings call revealed several challenges, including declines in earnings, shipbuilding issues, and reduced cash flow guidance due to contract delays and performance shortfalls. However, there were notable achievements in the Mission Technologies division, with strong revenue growth and significant contract wins, as well as a record backlog and new contracts providing future revenue visibility. Despite these positives, the challenges faced in shipbuilding and the uncertainty surrounding submarine contracts weigh heavily on the overall sentiment.Company Guidance
During HII's third quarter 2024 earnings call, the company provided updated guidance that reflects several challenges and strategic adjustments. The third quarter revenue was reported at $2.7 billion with an earnings per share of $2.56, a decrease from $3.70 the previous year. HII revised its full-year shipbuilding revenue guidance to approximately $8.8 billion and its Mission Technologies revenue guidance to a range of $2.8 billion to $2.85 billion. The company also updated its 2024 shipbuilding margin guidance to 5% to 6% and adjusted its free cash flow guidance to between $0 and $100 million. The call highlighted operational milestones and challenges, including the impact of supply chain delays and labor inefficiencies. HII's backlog stood at $49.4 billion, with $28 billion funded. The company emphasized its commitment to improving performance through workforce investments, supply chain enhancements, and strategic outsourcing, while navigating uncertainties related to new submarine contract awards.Mission Technologies Growth
Mission Technologies reported 14% revenue growth year-to-date over 2023, with significant contract wins totaling $11 billion in potential value. The division secured its largest contract ever, a $6.7 billion deal with the U.S. Air Force.
Record Backlog
HII ended the third quarter with a backlog of $49.4 billion, with approximately $28 billion funded, providing strong visibility for future revenue.
Amphibious Warship Contract
HII received a $9.6 billion award for the multi-ship procurement of amphibious warships, enhancing future revenue visibility.
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HII Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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HII Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 31, 2024 | $248.79 | $183.71 | -26.16% |
| Aug 01, 2024 | $276.81 | $263.97 | -4.64% |
| May 02, 2024 | $272.50 | $241.16 | -11.50% |
| Feb 01, 2024 | $253.51 | $262.22 | +3.44% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Huntington Ingalls Industries (HII) report earnings?
Huntington Ingalls Industries (HII) is schdueled to report earning on Feb 06, 2025, TBA Not Confirmed.
What is Huntington Ingalls Industries (HII) earnings time?
Huntington Ingalls Industries (HII) earnings time is at Feb 06, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is HII EPS forecast?
HII EPS forecast for the fiscal quarter 2024 (Q4) is $3.28.
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