Huntington Ingalls Industries Reports Strong Q2 Results and Raises Guidance
Shares of Huntington Ingalls Industries (NYSE: HII) rose more than 13% in the past week following strong second-quarter results. The shipbuilder reported a year-over-year revenue increase to $3.4 billion, driven by growth across both its Ingalls Shipbuilding and Newport News Shipbuilding divisions. Operating margin improved to 6.1%, up from 5.3% last year, while net earnings surged 36.8% to $208 million or $5.27 per share—well above Wall Street expectations of $3.82. The company raised its full-year revenue and operating margin guidance due to increased demand for shipbuilding services amid ongoing global conflicts that highlight the need for naval vessels. HII also reaffirmed a free cash flow forecast of approximately $550 million, signaling continued confidence in future performance.
Tickers: $HII
Topics: defense operating_margin revenue_growth shipbuilding