HII - Huntington Ingalls Cruises Past Forecasts: Q4 Sales And Earnings Spike 2024 Outlook Fuel Optimism | Benzinga
Huntington Ingalls Industries Inc (NYSE:HII) reported a fourth-quarter FY23 sales and service revenue increase of 13% year-over-year to $3.18 billion, beating the consensus of $2.78 billion.
EPS of $6.90 beat the consensus of $4.28. The stock gained after the results.
Operating income jumped to $312 million from $105 million last year, and the margin expanded by 609 bps to 9.8%.
Segment operating income was $330 million (+127.6% Y/Y), and the margin was 10.4%, up 523 bps.
Revenues by segments: Ingalls Shipbuilding $800 ...