2024-02-01 13:48:05 ET
Huntington Ingalls Industries, Inc. (HII)
Q4 2023 Earnings Conference Call
February 01, 2024, 09:00 AM ET
Company Participants
Christie Thomas - VP of IR
Christopher Kastner - President and CEO
Thomas Stiehle - EVP and CFO
Conference Call Participants
Myles Walton - Wolf Research
Gautam Khanna - TD Cowen
Seth Seifman - JPMorgan
Scott Deuschle - Deutsche Bank
David Strauss - Barclays
Pete Skibitski - Alembic Global
Ronald Epstein - Bank of America
Noah Poponak - Goldman Sachs
George Shapiro - Shapiro Research
Scott Mikus - Melius Research
Presentation
Operator
Ladies and gentlemen, thank you for standing by and welcome to the Fourth Quarter 2023 HII Earnings Conference Call. [Operator Instructions] Please be advised that today's conference call is being recorded. [Operator Instructions]
I would now like to turn the call over to Christie Thomas, Vice President of Investor Relations. Ms. Thomas, you may begin.
Christie Thomas
Thank you, operator, and good morning. I'd like to welcome everyone to the HII fourth quarter 2023 earnings conference call.
Joining me today on the call are our President and CEO, Chris Kastner; and Executive Vice President and CFO, Tom Stiehle.
As a reminder, statements made today that are not historical facts are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements relate to future events or our future financial performance and involve known and unknown risks uncertainties, and other factors that may cause our actual results to be materially different from future results expressed or implied by these forward-looking statements. Please see our SEC filings for important factors that could cause our actual results to differ materially from expected results.
Also in their remarks today, Chris and Tom will refer to certain non-GAAP measures. For reconciliation of these metrics to the comparable GAAP measures, please see the slides that accompany this webcast, which are available on the Investor Relations website at ir.hii.com.
With that, I would like to turn the call over to President and CEO, Chris Kastner. Chris?
Christopher Kastner
Thanks, Christie, good morning, everyone, and thank you for joining us on our fourth quarter 2023 earnings call. 2023 was a strong year for HII. We continue to invest both in our shipyards and in [IRAD] to both expand capacity and develop new products and solutions for our customers. Our growth rate for the year of more than 7% and our free cash flow generation of almost $700 million demonstrate that we're entering a period of accelerated growth and increased free cash flow generation....
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Huntington Ingalls Industries, Inc. (HII) Q4 2023 Earnings Call Transcript