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Shipbuilding Powers HII To Strong Third Quarter

Cal Biesecker By
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Shipbuilding Powers HII To Strong Third Quarter
HII’s Newport News Shipbuilding division conducted and completed initial sea trials for Virginia-class attack submarine New Jersey (SSN 796) in February 2024. (Photo: HII)

HII [HII] on Thursday posted strong third quarter results on ample top and bottom-line performance at its shipbuilding operations combined with a solid contribution from the Mission Technologies segment. Net income jumped 44 percent to $145 million, $3.68 earnings per share (EPS), from $101 million ($2.56 EPS), handily topping consensus estimates by 32 cents per share. Through September, net income is up 4 percent to $446 million ($11.35 EPS). Sales were 16 percent higher, a record $3.2 billion in the…

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