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HII Posts Strong Second Quarter Earnings; Sales Higher On Alion Acquisition

Cal Biesecker By
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HII Posts Strong Second Quarter Earnings; Sales Higher On Alion Acquisition
Chris Kastner, president and CEO of HII. (Photo: HII)

HII [HII] on Thursday reported strong earnings in its second quarter driven by broad strength across its operating segments and sales were higher primarily due to an acquisition a year ago and work on aircraft carriers. Net income soared 38 percent to $178 million, $4.44 earnings per share (EPS), from $129 million ($3.20 EPS) a year ago, whooping consensus estimates by $1.10 per share. At the operating level, income was higher due to higher risk retirements and favorable changes in…

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