HUNTINGTON INGALLS INDUSTRIES Reports Q2 FY2023 Earnings Results as of June 30, 2023
August 26, 2023
🌥️Earnings Overview
For its second quarter of fiscal year 2023, which ended on June 30, 2023, HUNTINGTON INGALLS INDUSTRIES ($NYSE:HII) reported total revenue of USD 2787.0 million, a 4.7% year-over-year increase. However, net income decreased 27.0% to USD 130.0 million, from the same period last year.
Price History
On Thursday, Huntington Ingalls Industries (HII) reported its second quarter earnings results as of June 30, 2023. The stock opened at $229.5 and closed at $226.3, down by 0.7% from its last closing price of $227.8. Overall, HII’s Q2 FY2023 financial performance was strong and exceeded expectations, as evidenced by a 0.7% decline in its stock price on Thursday’s session. Investors will be looking to the next quarterly report to assess the company’s performance and provide further evidence of its long-term prospects. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for HII. More…
| Total Revenues | Net Income | Net Margin |
| 10.9k | 520 | 4.6% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for HII. More…
| Operations | Investing | Financing |
| 655 | -237 | -480 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for HII. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 10.86k | 7.21k | 91.4 |
Key Ratios Snapshot
Some of the financial key ratios for HII are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 6.9% | -9.3% | 6.9% |
| FCF Margin | ROE | ROA |
| 3.3% | 13.0% | 4.3% |
Analysis
At GoodWhale, we have conducted an analysis of HUNTINGTON INGALLS INDUSTRIES’ wellbeing. According to our Star Chart classification, they are a ‘cow’, meaning they have a track record of paying out consistent and sustainable dividends. This makes them an attractive option for dividend investors, who may be interested in investing in such a company. When evaluating HUNTINGTON INGALLS INDUSTRIES, we observe that they are strong in dividend, medium in profitability and weak in asset and growth. However, they have a high health score of 8/10 with regard to their cashflows and debt, which suggests they are well-positioned to safely ride out any crisis without the risk of bankruptcy. More…
Peers
The competition between Huntington Ingalls Industries Inc and its competitors is fierce. Each company is trying to gain market share and increase profits. The competition is good for consumers because it keeps prices down and forces companies to innovate.
– Textron Inc ($NYSE:TXT)
Textron Inc is a publicly traded company with a market cap of 12.89B as of 2022. The company has a return on equity of 9.94%. Textron Inc is a diversified industrial company that operates in a variety of businesses, including aircraft, defense, industrial and commercial products. The company’s products include Bell helicopters, Cessna aircraft, and E-Z-Go golf carts.
– Penguin International Ltd ($SGX:BTM)
Penguin International Ltd is a Singapore-based company that is engaged in the design, manufacture, and marketing of a range of inflatable products, including inflatable boats, marine products, and industrial products. The company has a market capitalization of 160.72 million as of 2022 and a return on equity of 7.36%. Penguin International Ltd is a leading provider of inflatable products and solutions with a strong focus on quality, innovation, and customer service. The company has a wide range of products that are suitable for a variety of applications, including recreation, fishing, diving, rescue, and industrial.
– Airbus SE ($OTCPK:EADSF)
Airbus SE is a leading aircraft manufacturer with a market cap of 78.35B as of 2022. The company has a strong Return on Equity of 34.09%. Airbus SE is known for its innovative aircraft designs and manufacturing capabilities. The company has delivered over 11,000 aircraft to over 500 operators worldwide.
Summary
HUNTINGTON INGALLS INDUSTRIES reported their second quarter fiscal 2023 earnings, showing total revenue of USD 2787.0 million, up 4.7% year over year. However, net income dropped by 27.0% year over year to USD 130.0 million. This shows that while the company’s revenue growth is promising, investors should be aware that profits have decreased significantly and further examination of the company’s financials is recommended. Investors should review HUNTINGTON INGALLS INDUSTRIES’ long-term prospects, operational performance, and debt position before making a decision on investing.
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