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Business/Financial

Ingalls Division Drives Strong Third Quarter Results At Hungtington Ingalls

By Cal Biesecker

Thursday, November 5th, 2015

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Ingalls Division Drives Strong Third Quarter Results At Hungtington Ingalls

Huntington Ingalls Industries [HII] on Thursday posted strong third quarter financial results on the back of its Ingalls Shipbuilding division, which benefited from higher sales of Navy destroyers and improved operating performance, including a favorable contract adjustment on a large deck amphibious ship that has already been delivered.Net income increased 16 percent to $11 million, $2.29 earning per share (EPS), from $96 million ($1.96 EPS), topping consensus estimates by 16 cents per share. Segment operating margins in the company’s were…

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