Huntington Ingalls Industries (NYSE:HII) Full Year 2023 Results

Key Financial Results

• Revenue: US$11.5b (up 7.3% from FY 2022).

• Net income: US$681.0m (up 18% from FY 2022).

• Profit margin: 5.9% (up from 5.4% in FY 2022). The increase in margin was driven by higher revenue.

• EPS: US$17.07 (up from US$14.44 in FY 2022).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Huntington Ingalls Industries Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 3.8%. Earnings per share (EPS) also surpassed analyst estimates by 18%.

Looking ahead, revenue is forecast to grow 3.1% p.a. on average during the next 3 years, compared to a 6.4% growth forecast for the Aerospace & Defense industry in the US.

Performance of the American Aerospace & Defense industry.

The company's shares are up 4.8% from a week ago.

Risk Analysis

Before we wrap up, we've discovered 1 warning sign for Huntington Ingalls Industries that you should be aware of.

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