Huntington Ingalls Industries, Inc. (NYSE:HII) Q4 2021 Earnings Conference Call February 10, 2022 9:00 AM ET Company Participants Christie Thomas - Vice President of Investor Relations Mike Petters - President, Chief Executive Officer & Director Chris Kastner - Executive Vice President & Chief Operating Officer Tom Steely - Executive Vice President & Chief Financial Officer Conference Call Participants Myles Walton - UBS Doug Harned - Bernstein Ron Epstein - Bank of America Robert Spingarn - Melius Research ...

Q3 2021 Earnings Presentation November 4, 2021 Mike Petters President and Chief Executive Officer Chris Kastner Executive Vice President and Chief Operating Officer Tom Stiehle Executive Vice President and Chief Financial Officer Forward-Looking Statements Statements in this presentation, other than statements of historical fact, constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements involve risks and uncertainties that ...

Q2 2021 Earnings Presentation August 5, 2021 Mike Petters President and Chief Executive Officer Chris Kastner Executive Vice President and Chief Operating Officer Tom Stiehle Executive Vice President and Chief Financial Officer Forward-Looking Statements Statements in this presentation, other than statements of historical fact, constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements involve risks and uncertainties that co ...

Huntington Ingalls Industries, Inc. (NYSE:HII) Q1 2021 Earnings Conference Call May 6, 2021 9:00 AM ET Company Participants Dwayne Blake - VP, IR Michael Petters - President and CEO Chris Kastner - EVP and COO Tom Stiehle - EVP and CFO Conference Call Participants Carter Copeland - Melius Research Myles Walton - UBS Douglas Harned - Bernstein Ron Epstein - Bank of America George Shapiro - Shapiro Research Richard Safran - Seaport Global Noah Poponak - Goldman Sachs David Strauss - Barclays Gautam Khanna - C ...

Q1 2021 Earnings Presentation May 6, 2021 Mike Petters President and Chief Executive Officer Chris Kastner Executive Vice President and Chief Operating Officer Tom Stiehle Executive Vice President and Chief Financial Officer Forward-Looking Statements Statements in this presentation, other than statements of historical fact, constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements involve risks and uncertainties that could ...

Q4 2020 Earnings Presentation February 11, 2021 Mike Petters President and Chief Executive Officer Chris Kastner Executive Vice President and Chief Financial Officer Forward-Looking Statements Statements in this presentation, other than statements of historical fact, constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements involve risks and uncertainties that could cause our actual results to differ materially from those e ...

Financial Data and Key Metrics Changes - Sales for Q3 2020 were $2.3 billion, with diluted EPS at $5.45, reflecting a 4.3% increase in revenue compared to the same period last year [8][22] - Operating income increased by $8 million to $222 million, with an operating margin remaining flat at 9.6% [22] - Net earnings rose to $222 million from $154 million in Q3 2019, driven by lower income taxes and higher operating income [23] Business Segment Data and Key Metrics Changes - Ingalls' revenues were $675 million, up 4.3% due to higher volumes in DDG and NSC programs, with operating income at $62 million and a margin of 9.2% [24] - Newport News revenues increased 6.6% to $1.4 billion, with operating income at $79 million and a margin of 5.8%, down from 9.5% the previous year due to lower risk retirement on the Virginia-class submarine program [25] - Technical Solutions revenue was $320 million, a decline of $6 million, but operating income improved to $21 million with a margin of 6.6% due to successful integration of recent acquisitions [26][27] Market Data and Key Metrics Changes - The company ended the quarter with a cash balance of $744 million and total liquidity of $2.5 billion [28] - Cash from operations was $222 million, with net capital expenditures at $62 million, compared to $363 million and $113 million in Q3 2019 [28] Company Strategy and Development Direction - The company is focused on supporting the Navy's evolving unmanned strategy and has broken ground on a new Unmanned System Center of Excellence [18][20] - The management highlighted a strong backlog of $45 billion, a well-trained workforce, and a strong balance sheet as key attributes for future growth [21] - The company plans to continue investing in unmanned systems and energy business opportunities, particularly with the Department of Energy [93][94] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the ability to manage through the pandemic and emphasized the importance of executing the backlog efficiently [40][44] - The company expects to generate approximately $3 billion in free cash flow cumulatively from 2020 to 2024, with a focus on sales growth and capital reduction [35][98] - Management noted that national security remains a bipartisan issue, and the need for a larger Navy is expected to persist regardless of changes in administration [100][101] Other Important Information - The Board of Directors approved an 11% increase in the quarterly dividend from $1.03 to $1.14 per share [9] - The company is pursuing COVID-19 related labor cost reimbursements from the government [7] Q&A Session Summary Question: What are the factors influencing the multiyear cash flow forecast? - Management indicated that improved comfort with the financial plan and stabilized active case rates allowed for reinstating cash flow targets [40][41] Question: Are there assumptions for COVID cost reimbursements? - Management clarified that they are not relying on customer reimbursements for COVID-related costs, focusing instead on execution [43][46] Question: How is the schedule recovery for Virginia-class submarines progressing? - Management reported steady attendance and resource allocation, supporting the new schedules laid out [51] Question: What is the outlook for unmanned systems and potential acquisitions? - Management expressed optimism about the unmanned systems market and indicated that further investments in this area are likely [110] Question: How does the company view the potential for a third Virginia-class submarine? - Management believes the industrial base can support a third Virginia-class submarine, but it will require investment in capacity and workforce [72][74]

Q3 2020 Earnings Presentation November 5, 2020 Mike Petters President and Chief Executive Officer Chris Kastner Executive Vice President and Chief Financial Officer Forward-Looking Statements Statements in this presentation, other than statements of historical fact, constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements involve risks and uncertainties that could cause our actual results to differ materially from those ex ...