Huntington Ingalls Industries, Inc. (HII) is scheduled to release fourth-quarter 2024 earnings on Feb. 6, 2025, before market open.See the Zacks Earnings Calendar to stay ahead of market-making news.The company has a four-quarter average earnings surprise of 15.55%. Solid revenue performance across the majority of its business segments and robust margin performance in its shipbuilding business are likely to have contributed to HII’s overall performance.Anticipated Decline in Revenues in HII’s Ingalls UnitLo ...

PASCAGOULA, Miss., Jan. 30, 2025 (GLOBE NEWSWIRE) -- HII’s (NYSE: HII) Ingalls Shipbuilding division along with representatives from the U.S. Navy, Accelerate Mississippi and Mississippi Gulf Coast Community College (MGCCC), celebrated the opening of a virtual reality (VR) welding lab at the shipyard Wednesday. The new facility makes it easier and safer for welders to hone their skills, and enhance HII’s ability to grow the number of proficient shipbuilders with this essential skillset. “As we develop the s ...

PASCAGOULA, Miss., Jan. 30, 2025 (GLOBE NEWSWIRE) -- HII's (NYSE:HII) Ingalls Shipbuilding division along with representatives from the U.S. Navy, Accelerate Mississippi and Mississippi Gulf Coast Community College (MGCCC), celebrated the opening of a virtual reality (VR) welding lab at the shipyard Wednesday. The new facility makes it easier and safer for welders to hone their skills, and enhance HII's ability to grow the number of proficient shipbuilders with this essential skillset. "As we develop the sh ...

NEWPORT NEWS, Va., Jan. 30, 2025 (GLOBE NEWSWIRE) -- HII (NYSE: HII) announced today that Derek Murphy has been promoted to vice president of new construction aircraft carriers at its Newport News Shipbuilding division. In his new role, Murphy will have responsibility for all new construction aircraft carriers in production at the shipyard, including John F. Kennedy (CVN 79), Enterprise (CVN 80) and Doris Miller (CVN 81). “Derek brings extensive experience from his time in the Navy and both HII shipyards to ...

Core Viewpoint - Huntington Ingalls (HII) is anticipated to report a year-over-year decline in earnings due to lower revenues for the quarter ended December 2024, with a consensus outlook indicating a significant impact on its near-term stock price based on actual results compared to estimates [1][3]. Earnings Expectations - The upcoming earnings report is expected to show quarterly earnings of $3.28 per share, reflecting a year-over-year decrease of 52.5%, while revenues are projected to be $3.03 billion, down 4.6% from the previous year [3]. - The consensus EPS estimate has been revised 0.01% lower in the last 30 days, indicating a slight reassessment by analysts [4]. Earnings Surprise Prediction - The Zacks Earnings ESP model suggests that the Most Accurate Estimate for Huntington Ingalls is higher than the Zacks Consensus Estimate, leading to a positive Earnings ESP of +8.35%, which indicates a likelihood of beating the consensus EPS estimate [10][11]. - A positive Earnings ESP is a strong predictor of an earnings beat, especially when combined with a Zacks Rank of 1 (Strong Buy), 2 (Buy), or 3 (Hold) [8]. Historical Performance - In the last reported quarter, Huntington Ingalls was expected to post earnings of $3.84 per share but only achieved $2.56, resulting in a surprise of -33.33% [12]. - Over the past four quarters, the company has beaten consensus EPS estimates three times [13]. Conclusion - While Huntington Ingalls is positioned as a compelling earnings-beat candidate, other factors should also be considered when evaluating the stock ahead of its earnings release [16].

PASCAGOULA, Miss., Jan. 29, 2025 (GLOBE NEWSWIRE) -- HII (NYSE:HII) Ingalls Shipbuilding division began fabrication of the U.S. Navy's newest San Antonio-class amphibious transport dock Philadelphia (LPD 32) Monday. The start of fabrication signifies that the first 100 tons of steel have been cut for the ship. "From the earliest planning stages to the first cut of steel, every step of construction so far has been focused on building a capable ship for our Navy and Marine Corps partners," said Stephen Janows ...

MCLEAN, Va., Jan. 28, 2025 (GLOBE NEWSWIRE) -- HII (NYSE: HII) announced today that its Mission Technologies division was awarded a task order valued at approximately $296 million to support U.S. Air Forces in Europe-Air Forces in Africa’s (USAFE-AFAFRICA) air and space operations around the globe. Under the five-year Consolidated Mission Support task order, awarded by the Air Force Installation Contracting Center’s 764 Enterprise Sourcing Squadron, HII will provide technical and analytical services to assi ...

Core Insights - HII's Mission Technologies division has been awarded a task order valued at approximately $296 million to support U.S. Air Forces in Europe and Africa's air and space operations globally [1][2]. Group 1: Task Order Details - The task order is part of a five-year Consolidated Mission Support initiative awarded by the Air Force Installation Contracting Center, focusing on technical and analytical services for command and control, integrated air and missile defense, and intelligence, surveillance, and reconnaissance (ISR) [2]. - This task order is a follow-on to HII's existing work under the Persistent Multi-Role Operations (PMRO) contract, with an expanded scope of services [2]. Group 2: Strategic Importance - HII aims to enhance the U.S. defense security posture in Europe and Africa through its partnership with USAFE-AFAFRICA, supporting the U.S. Department of Defense's Combined Joint All-Domain Command and Control strategy [3]. - USAFE-AFAFRICA, based in Germany, conducts Air Force missions with a focus on forward-based airpower and infrastructure for global operations [5]. Group 3: Company Overview - HII is a global defense provider with a mission to deliver powerful ships and all-domain solutions, contributing to U.S. national security for over 135 years [7]. - The company employs approximately 44,000 individuals and operates across 74 countries, focusing on strengthening U.S. national defense and global peace [6][8].

The fourth-quarter reporting cycle for defense stocks, housed within the broader Aerospace sector, has started for the year, with a couple of S&P500 industry players having released their quarterly performance so far. In particular, while Teledyne Technologies beat estimates on both fronts, Textron came up with lower-than-expected fourth-quarter sales despite its earnings surpassing the consensus mark. See the Zacks Earnings Calendar to stay ahead of market-making news. Considering the whole picture, we rem ...

Core Insights - HII has successfully acquired an advanced manufacturing facility in South Carolina, enhancing its shipbuilding capacity and supporting national security initiatives [1][2] - The acquisition is expected to create hundreds of additional jobs and retain over 99% of the existing workforce, focusing on the construction of nuclear-powered submarine modules and aircraft carrier units for U.S. Navy programs [2][4] Company Expansion - The new facility spans 45 acres with over 480,000 square feet of manufacturing space, equipped with state-of-the-art manufacturing equipment and tooling [3] - HII aims to leverage the growing shipbuilding ecosystem in Charleston to expand its highly skilled maritime trades workforce [3] Economic Impact - The expansion of HII's operations in South Carolina is seen as a significant boost to the local economy and the state's role in national security [4] - U.S. Senators from South Carolina have highlighted the importance of this investment in strengthening the defense industrial base and creating jobs [4]