HUNTINGTON INGALLS INDUSTRIES Reports Second Quarter Financial Results for FY2023
August 14, 2023
🌥️Earnings Overview
HUNTINGTON INGALLS INDUSTRIES ($NYSE:HII) reported a 4.7% rise in revenue to USD 2787.0 million for the second quarter of FY2023, compared to the same period in the previous year. However, net income fell 27.0% year-over-year to USD 130.0 million for the same period. The results were released on June 30, 2023.
Price History
Huntington Ingalls Industries (HII) reported their second quarter financial results for FY2023 on Thursday. The company’s stock opened at $229.5 and closed at $226.3, down 0.7% from the prior closing price of $227.8. This showed that the company had strong liquidity and financial standing as they entered Q2.
This indicates that HII is in a strong position to continue to achieve growth in the quarters ahead. Overall, HII’s performance in the second quarter was encouraging and showed that they are on track to reach their financial targets for FY2023. 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
GoodWhale has conducted an analysis on the financial performance of HUNTINGTON INGALLS INDUSTRIES. Our Star Chart shows that HUNTINGTON INGALLS INDUSTRIES is strong in dividend, medium in profitability and weak in asset and growth. As a result, we classify HUNTINGTON INGALLS INDUSTRIES as a ‘cow’, meaning that it has a track record of paying out consistent and sustainable dividends. This type of company would be attractive to income investors who prioritize steady and reliable returns over capital growth. It is also important to note that HUNTINGTON INGALLS INDUSTRIES has a high health score of 8/10 with regard to its cashflows and debt, which means that the company is capable of sustaining future operations in times of crisis. 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 financial results for the second quarter of FY2023 with total revenues reaching USD 2787.0 million, signifying a 4.7% increase year-over-year. On the other hand, their net income dropped 27.0% to USD 130.0 million in comparison to the same period last year. Investors can take this as an opportunity to assess the current market conditions and prospects for the company, while keeping in mind that their net income has declined significantly. Therefore, investors should be cautious before investing in HUNTINGTON INGALLS INDUSTRIES.
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