Huntington Ingalls Industries Earnings: Everything You Must Know Now

Huntington Ingalls Industries (NYSE:HII) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company.

Huntington Ingalls Industries Earnings Cheat Sheet

Results: Adjusted Earnings Per Share increased 12% to $1.12 in the quarter versus EPS of $1.00 in the year-earlier quarter.

Revenue: Decreased 2.21% to $1.68 billion from the year-earlier quarter.

Actual vs. Wall St. Expectations: Huntington Ingalls Industries reported adjusted EPS income of $1.12 per share. By that measure, the company beat the mean analyst estimate of $0.93. It beat the average revenue estimate of $1.66 billion.

Quoting Management: “I am very pleased with the program execution at both Ingalls and Newport News as we drive performance toward our 2015 target of 9-plus percent operating margin,” said Mike Petters, HII’s president and chief executive officer. “We also continue to strengthen our backlog and long-term revenue visibility through the receipt of major new contract awards.”

Key Stats (on next page)…

Revenue increased 7.75% from $1.56 billion in the previous quarter. EPS increased 28.74% from $0.87 in the previous quarter.

Looking Forward: Analysts have a more positive outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has risen from a profit of $0.95 to a profit $0.96. For the current year, the average estimate has moved down from a profit of $3.94 to a profit of $3.89 over the last ninety days.

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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at]