| Imagery Source: Wikimedia Commons/ Huntington Ingalls Industries/Naval Sea Systems Command |
| Information Source: HII |
| HII (NYSE: HII) today reported results for the third quarter of fiscal 2025. |
| Highlights |
- Third quarter revenues were a record $3.2 billion
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- Third quarter net earnings were $145 million, or $3.68 diluted earnings per share.
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- Completed builder’s sea trials for guided missile destroyer Ted Stevens (DDG 128)
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- Completed initial sea trials of Virginia-class submarine Massachusetts (SSN 798) in early October
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| Third Quarter Results |
| Third quarter 2025 revenues of $3.2 billion were up 16.1% from the third quarter of 2024, driven by growth at Newport News Shipbuilding, Ingalls Shipbuilding and Mission Technologies. |
| Operating income in the third quarter of 2025 was $161 million, and the operating margin was 5.0%, compared to $82 million and 3.0%, respectively, in the third quarter of 2024. |
| Segment operating income1 in the third quarter of 2025 was $179 million, and segment operating margin1 was 5.6%, compared to $97 million and 3.5%, respectively, in the third quarter of 2024. The increases were driven primarily by more favourable segment results at Newport News Shipbuilding and Ingalls Shipbuilding compared to the prior year period. Net earnings in the quarter were $145 million, compared to $101 million in the third quarter of 2024. Diluted earnings per share in the quarter $3.68, compared to $2.56 in the third quarter of 2024. |
| Net cash provided by operating activities in the quarter was $118 million, and free cash flow1 was $16 million, compared to net cash provided by operating activities of $213 million and free cash flow1 of $136 million in the third quarter of 2024. |
| New contract awards in the third quarter of 2025 were $2.0 billion, bringing total backlog to $55.7 billion as of September 30, 2025. |
| “We made steady progress on our 2025 operational initiatives in the third quarter," said Chris Kastner, HII’s president and CEO. "We have continued to see early signs that targeted investments are helping to strengthen our workforce and build a more robust maritime supply chain in support of higher shipbuilding throughput." |
| For the full document, click the link below |
| HII |
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