Huntington Ingalls Industries (HII) Tops Q3 EPS by $1.32

Huntington Ingalls Industries (NYSE: HII) reported Q3 EPS of $5.45, $1.32 better than the analyst estimate of $4.13. Revenue for the quarter came in at $2.3 billion versus the consensus estimate of $2.2 billion.

Financial Outlook:

• Expect FY20 shipbuilding revenue of approximately $7.9 billion; shipbuilding operating margin1 between 5.5% and 6.5%
• Expect FY20 Technical Solutions revenue of approximately $1.25 billion and segment operating margin1 of approximately 2.6%
• Expect FY20 free cash flow1 of >$500 million
• Expect cumulative FY20 and FY21 free cash flow1 of approximately $900 million
• Expect cumulative FY20-FY24 free cash flow1 of approximately $3 billion

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

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