Huntington Ingalls Industries, Inc. (NYSE:HII ) Q4 2024 Earnings Conference Call February 6, 2025 9:00 AM ET Company Participants Christie Thomas - Vice President of Investor Relations Christopher Kastner - President and Chief Executive Officer Thomas Stiehle - Executive Vice President and Chief Financial Officer Conference Call Participants Douglas Harned - Sanford C. Bernstein & Co. Seth Seifman - JPMorgan Scott Mikus - Melius Research Pete Skibitski - Alembic Global Advisors LLC David Strauss - Barclays Scott Deuschle - Deutsche Bank Myles Walton - Wolfe Research Jordan Lyonnais - Bank of America Merrill Lynch Gautam Khanna - TD Cowen Operator Ladies and gentlemen, thank you for standing by, and welcome to the Fourth Quarter 2024 HII Earnings Conference Call.
Military shipbuilder Huntington Ingalls (HII -17.68%) missed quarterly expectations, and its issues are likely to continue into the new year.
HII's Q4 revenues total $3 billion, which miss the Zacks Consensus Estimate by 0.9%. The top line declines 5.4% year over year.
Although the revenue and EPS for Huntington Ingalls (HII) give a sense of how its business performed in the quarter ended December 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Huntington Ingalls (HII) came out with quarterly earnings of $3.15 per share, missing the Zacks Consensus Estimate of $3.28 per share. This compares to earnings of $6.90 per share a year ago.
Military Shipbuilder Huntington Ingalls missed estimates for fourth-quarter revenue and profit on Thursday, hurt by lower performance at its Newport News shipbuilding facility, sending its shares down 11% in pre-market trading.
Evaluate the expected performance of Huntington Ingalls (HII) for the quarter ended December 2024, looking beyond the conventional Wall Street top-and-bottom-line estimates and examining some of its key metrics for better insight.
Huntington Ingalls Industries: A Shipbuilding Giant At A Turning Point
HII's Q4 results are likely to be impacted by the weak sales performance delivered by two of its major business segments.
Huntington Ingalls (HII) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Enhanced geopolitical instability might have bolstered defense stocks' Q4 performance amid supply-chain issues. One may keep an eye on LMT, NOC, LDOS and HII.
Huntington Ingalls faces a cash crunch due to post-pandemic labour and cost increases, but remains vital to U.S. national security with low competition. The company's liquidity issues stem from systemic problems, not mismanagement, and reforms in Navy procurement processes could alleviate margin compression and improve operations. The Navy's demand for warships is surging, but shipbuilding supply is constrained; political support is crucial for funding and procurement reforms to support HII.