NYSE$HII

Huntington Ingalls Industries Inc · Q2 2021 earnings

Q2 2021 earnings · · Investor relations

Briefing

Huntington Ingalls Industries reported a revenue increase and improved profitability in the second quarter of 2021.

Huntington Ingalls Industries reported a 10.1% increase in revenues to $2.2 billion for the second quarter of 2021. Operating income increased significantly to $128 million, with a corresponding margin of 5.7%. Diluted earnings per share were reported at $3.20, and adjusted EPS was $3.05.

  • Revenues increased by 10.1% compared to the second quarter of 2020, reaching $2.2 billion.
  • Operating income rose to $128 million, with an operating margin of 5.7%.
  • Diluted earnings per share reached $3.20, a notable increase from $1.30 in the same period last year.
  • New contract awards in the second quarter of 2021 totaled approximately $1.2 billion, bringing total backlog to approximately $47.7 billion.

Headline financials

Total Revenue

$2.23B

Previous: $2.03B+10.1%
EPS (adj)

$3.20

Previous: $1.30+146.2%
Capital Expenditures

-$134M

Previous: -$150M+10.7%
Free Cash Flow

-$5M

Previous: -$97M+94.8%
Net Income

$129M

Previous: $53M+143.4%
Operating Income

$128M

Previous: $57M+124.6%
Gross Profit

$2.23B

Previous: $2.03B+10.1%
Cash & Equivalents

$348M

Previous: $631M-44.8%
Total Assets

$8.13B

Previous: $8.23B-1.2%
Stock-Based Comp

$3M

Previous: $6M-50.0%

Revenue & EPS history

Huntington Ingalls · Revenue · Quarterly

$2.23B

Q2 2021+10.1%vs Q2 2020
Beat estimate in 11 of 16 quarters(69%)
ActualEstimate

Revenue by segment

Huntington Ingalls · $2.27B total across 3 segments · Q2 2021

  • Newport News Shipbuilding
    $1.36B+21.5%
  • Ingalls Shipbuilding
    $670M+7.7%
  • Mission Technologies
    $237M-25.9%

Forward guidance

Huntington Ingalls Industries recently announced the agreement to acquire Alion Science and Technology.

Tailwinds

  • Alion Science and Technology is a perfect complement to existing capabilities in the technology-driven defense solutions space.
  • Alion offers significant growth potential.
  • Alion represents an investment in capabilities that are critical to national security now and into the future.
  • Alion is expected to generate significant value for stakeholders over the long-term.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q2 2021

Historical avgQ2 2021

-0.6%

Avg return

Earnings day

-2.3%

Avg return

5 days after

-1.1%

Avg return

30 days after

52%

33 / 64 earnings

Positive

+10.1%

Q4 2017

Best reaction

-24.5%

Q3 2024

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+2.6%-13.0%-19.4%
Q4 2025-10.6%-3.3%+3.9%
Q3 2025+7.0%+5.9%+5.1%
Q1 2025-1.2%+1.1%-3.2%
Q4 2024-18.3%-14.2%+0.2%
Q3 2024-24.5%-22.9%-21.0%
Q2 2024-5.9%-8.4%+1.0%
Q1 2024-11.1%-10.3%-8.6%
Q4 2023+3.7%+2.8%+13.0%
Q3 2023+5.9%+5.1%+8.0%
Q2 2023-0.4%-0.8%-3.1%
Q1 2023+0.3%-1.2%+5.4%
Q4 2022-1.9%-4.2%-7.9%
Q3 2022-3.9%-3.6%-5.2%
Q2 2022+4.1%+3.1%+3.7%
Q1 2022-2.7%-5.6%-4.2%
Q4 2021-1.8%-3.8%+10.1%
Q3 2021-3.0%-2.6%-9.4%
Q2 2021+2.6%+3.3%+1.4%
Q1 2021+1.9%+0.9%+4.4%
Q4 2020+5.0%+4.4%+16.3%
Q3 2020+1.3%+7.2%+11.3%
Q2 2020-6.0%-5.7%-17.4%
Q1 2020+1.1%-2.9%+13.4%
Q4 2019-8.8%-12.1%-33.9%
Q3 2019+7.4%+8.5%+8.3%
Q2 2019-9.7%-9.7%-8.5%
Q1 2019-5.0%-6.5%-8.1%
Q4 2018+1.7%+0.9%-5.4%
Q3 2018-4.5%-8.9%-15.2%
Q2 2018+2.8%+1.8%+6.5%
Q1 2018-9.1%-4.3%-3.7%
Q4 2017+10.1%+10.2%+5.3%
Q3 2017+3.9%+2.5%+1.6%
Q2 2017+2.8%+2.8%+3.3%
Q1 2017-2.8%-2.5%-3.6%
Q4 2016+3.0%+3.4%+3.9%
Q3 2016-8.3%-6.0%+13.1%
Q2 2016-2.4%-2.8%-4.2%
Q1 2016+6.9%
Q4 2015-1.4%
Q3 2015+7.2%
Q2 2015-1.1%
Q1 2015-11.2%
Q4 2014+7.2%
Q3 2014+1.8%
Q2 2014+6.1%
Q1 2014-3.4%
Q4 2013+4.6%
Q3 2013+4.7%
Q2 2013+0.5%
Q1 2013-0.6%
Q4 2012+5.7%
Q3 2012-0.0%
Q2 2012+6.6%
Q1 2011-6.8%
Q1 2012-1.5%
Q4 2009-0.5%
Q4 2011-0.5%
Q3 2010+4.7%
Q3 2011+4.7%
Q2 2011+0.0%
Q4 2010+0.0%
Q2 2010+0.0%
Q1 2010

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