Sign In
Search
Business/Financial

HII’s Earnings, Sales Dip In First Quarter; Cites CVN-30 Supply Chain Hiccup

Cal Biesecker By
SHARE:
HII’s Earnings, Sales Dip In First Quarter; Cites CVN-30 Supply Chain Hiccup
Artist rendering of the USS Enterprise (CVN-80) aircraft carrier. (Image: HII)

HII [HII] on Thursday posted first quarter declines in its top and bottom-lines driven by lower sales across the company’s operating segments, and higher interest expense and taxes. Net income fell nearly 3 percent to $149 million, $3.79 earnings per share (EPS), from $153 million $3.87 EPS) a year ago. The results handily topped consensus estimates of $2.88 EPS. Higher interest expense and taxes more than offset higher operating income, which was up on work at the Mission Technologies and…

Subscriber-only content. Please log in below.

Not a subscriber or registered user yet?

Please contact us at clientservices@accessintel.com or call us at 888-707-5814 (Monday – Thursday 9:00 a.m. – 5:30 p.m. and Friday 9:00 a.m. – 3:00 p.m. ET.), to start a free trial, get pricing information, order a reprint, or post an article link on your website.

Recommended

Business/Financial

Singularity, Startup Developing Low-Cost Air Defense Systems, Exits Stealth With $80 Million Round

Business/Financial

Trump Tries Tightening Defense Contractors Access To Strategic Materials Sourced From Adversaries

Business/Financial

Missile Business Leads Lockheed Martins Second Quarter Results Higher

Business/Financial

Pentagon’s Strategic Capital Office To Support Credit Funds Investing In Critical Minerals Companies

Trending

Boeing Divesting Stake In Joint Venture With Quantum Expertise
Ainsworth: Launch of 500 U.S. Space Force Satellites Planned By End Of 2027
Electra Selects Ohio Site To Produce Dual-Use Hybrid-Electric Aircraft
Northrop Grumman To Produce SRMs For PAC-3 Missiles As Second Source
Space Force Boosts Ceiling For NSSL Phase 3, Lane 1 By $11.4 Billion

Congress Updates

Congress

U.S. Fighter Fleet Will Expand By 2040 But More Stealth Aircraft Will Mean Less Availability, CBO Says

The number of fighter aircraft in the U.S. military inventory will decline over the next few years before expanding to a greater number than currently, but their availability for operational […]

Congress

White House Details ‘Concerns’ With Shipbuilding, Spaced-Based Interceptor Oversight In House’s NDAA

The White House has detailed “a number of concerns” with the newly-passed House version of the next defense policy bill, to include the legislation’s limits on procuring Navy ships built […]

Congress

House Narrowly Votes To Pass $1.15 Trillion FY ‘27 NDAA, Blueprint For Reconciliation 3.0

The House on Wednesday narrowly voted to pass its $1.15 trillion version of the fiscal year 2027 National Defense Authorization Act (NDAA) and a blueprint for a third reconciliation bill […]

Congress

Senate Appropriators Press On Supplemental’s Requests Beyond Iran Scope, Hegseth Urges Full Funding

Senate appropriators have pressed Pentagon leadership on the decision to include funds in the Iran war supplemental request for items beyond the current military operation, while Defense Secretary Pete Hegseth […]

The Force Multipliers

Force Multipliers

Michael Harrison – SANS Institute

Force Multipliers

Michael DiOrio – Dataminr

Force Multipliers

Arne Brinck – Dark Wolf Solutions

Force Multipliers

Jags Kandasamy – Latent AI

Job Feed

Post a Job // Post a Resume