NYSE$HII
Huntington Ingalls Industries Inc · Q4 2022 earnings
Q4 2022 earnings · · Investor relations
Briefing
Reported a revenue increase and earnings per share in Q4 2022.
HII reported a 5.0% increase in Q4 2022 revenues, reaching $2.8 billion. Diluted earnings per share increased to $3.07, compared to $2.99 in Q4 2021. New contract awards in the fourth quarter of 2022 were approximately $3.2 billion, bringing total backlog to approximately $47.1 billion as of December 31, 2022.
- Revenues were $2.8 billion in the fourth quarter, a 5.0% increase from Q4 2021.
- Diluted earnings per share was $3.07 in the fourth quarter, compared to $2.99 in Q4 2021.
- New contract awards in the fourth quarter of 2022 were approximately $3.2 billion.
- Total backlog reached approximately $47.1 billion as of December 31, 2022.
Headline financials
Revenue & EPS history
Huntington Ingalls · Revenue · Quarterly
$2.81B
Revenue by segment
Huntington Ingalls · $2.84B total across 3 segments · Q4 2022
- Newport News Shipbuilding$1.58B+2.9%55.7%
- Ingalls Shipbuilding$658M+13.3%23.1%
- Mission Technologies$602M+2.7%21.2%
Forward guidance
HII provides FY23 guidance, expecting shipbuilding revenue between $8.4 and $8.6 billion and Mission Technologies revenue of approximately $2.5 billion.
Tailwinds
- Expect FY23 shipbuilding revenue between $8.4 and $8.6 billion.
- Expect FY23 shipbuilding operating margin between 7.7% and 8.0%.
- Expect FY23 Mission Technologies revenue of approximately $2.5 billion.
- Expect FY23 Mission Technologies segment operating margin between 2.5% and 3.0%.
- Expect FY23 Mission Technologies EBITDA margin between 8.0% and 8.5%.
Headwinds
- Expect FY23 free cash flow between $400 and $450 million
- Operating FAS/CAS Adjustment ($68M)
- Interest Expense ($105M)
- Effective Tax Rate ~21%
- Capital Expenditures ~3.0% of Sales
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 Q4 2022
-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
| Quarter | Report date | Reaction (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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