NEWPORT NEWS, Va., May 09, 2025 (GLOBE NEWSWIRE) -- More than two dozen high school seniors know what they’ll be doing after graduation this year, after accepting offers to begin their shipbuilding careers at HII’s (NYSE: HII) Newport News Shipbuilding division. The shipyard participated in the New Horizons Regional Education Centers (NHREC) Good Life Solution Program’s Career Selection Day Thursday, in Hampton. During the event, 18 students accepted employment offers from NNS, to either begin full-time tra ...

The U.S. shipbuilding industry has been in a lull since the height of the pandemic, with companies tied to pre-COVID contracts that are not nearly as profitable now.But the budget winds in Washington appear to be shifting, and Huntington Ingalls Industries (HII -1.06%) is likely to be one of the primary beneficiaries if they do. Shares of Huntington Ingalls traded up 12.9% in April, according to data provided by S&P Global Market Intelligence, as investors begin to climb on board for what they believe will ...

Core Points - Huntington Ingalls Industries, Inc. (HII) reported first-quarter 2025 earnings of $3.79 per share, a decline of 2.1% from $3.87 in the prior-year quarter, but exceeded the Zacks Consensus Estimate of $2.90 by 30.7% [1] - Total revenues for the quarter were $2.73 billion, missing the Zacks Consensus Estimate of $2.79 billion by 2% and declining 2.5% from $2.81 billion in the year-ago quarter due to lower sales volume across all business segments [2] Operational Performance - Segmental operating income was $171 million, slightly up from $170 million in the first quarter of 2024, with an operating margin expansion of 19 basis points to 6.3% [3] - The increase in operating income was mainly driven by better performance in the Newport News Shipbuilding and Mission Technologies units [3] Orders and Backlog - HII received orders worth $2.1 billion in the first quarter of 2025, resulting in a total backlog of $48 billion as of March 31, 2025, down from $48.7 billion as of December 31, 2024 [4] Segmental Performance - Newport News Shipbuilding: Revenues totaled $1.40 billion, down 2.6% year over year, with operating income of $85 million, up 3.7% year over year due to contract incentives from the Virginia-class submarine program [5] - Ingalls Shipbuilding: Revenues were $637 million, down 2.7% year over year, with operating earnings of $46 million, down 23.3% year over year due to lower performance in amphibious assault ships [6] - Mission Technologies: Revenues totaled $735 million, down 2% year over year, with operating income increasing 42.9% year over year to $40 million, driven by higher performance in cyber, electronic warfare & space, and uncrewed systems [6][7] Financial Update - Cash and cash equivalents as of March 31, 2025, were $167 million, significantly down from $831 million as of December 31, 2024 [8] - Long-term debt remained at $2.70 billion as of March 31, 2025, consistent with the end of 2024 [8] - Cash used in operating activities was $395 million compared to $202 million a year ago [8] - Free cash outflow was $462 million in the first quarter of 2025, higher than $274 million in the prior-year period [9] 2025 Guidance - HII reaffirmed its 2025 guidance, expecting shipbuilding revenues in the range of $8.9-$9.1 billion and Mission Technologies revenues in the range of $2.9-$3.1 billion [10] - The company projects free cash flow to be between $300-$500 million [10]

Core Insights - HII's Ingalls Shipbuilding hosted a "signing day" for 43 graduates of its Shipbuilder Academy, marking the start of their careers with the company [1][6] - The event coincided with National Apprenticeship Day, emphasizing the importance of connecting individuals to meaningful careers and building a skilled workforce [2] - The Ingalls Shipbuilder Academy provides hands-on training, mentorship, and classroom instruction to prepare students for careers in shipbuilding [2][3] Company Initiatives - The Ingalls Shipbuilder Academy has graduated over 450 students since its inception in 2016, demonstrating the company's commitment to investing in local workforce development [9] - Ingalls has partnerships with 13 high schools along the Gulf Coast to nurture a talent pipeline for future shipbuilders [9] - In addition to the Shipbuilder Academy, Ingalls supports technical programs at three local high schools, further enhancing educational opportunities for students [10] Student Impact - Graduates like Tommie Bettis and Randi Vickers expressed pride in their new roles, highlighting the personal significance of joining Ingalls and continuing family traditions in skilled trades [7][8] - The signing ceremony resembled traditional athletic signing events, showcasing the importance of these career opportunities for students [6]

Huntington Ingalls Industries (HII) Q1 2025 Earnings Call May 01, 2025 09:00 AM ET Speaker0 Ladies and gentlemen, thank you for standing by, and welcome to the First Quarter twenty twenty five HII Earnings Conference Call. At this time, all participants are in a listen only mode. After the speakers' presentation, there will be a question and answer session. I would now like to hand the call over to Christy Thomas, Vice President of Investor Relations. Mrs. Thomas, you may begin. Speaker1 Thank you, operator ...

Q1 2025 Earnings Call Chris Kastner President and CEO Tom Stiehle EVP and CFO May 1, 2025 Cautionary Statement Regarding Forward-looking Statements 2 HII INVESTMENT THESIS Largest U.S. military seapower provider with leading all-domain, integrated defense Over the next ~20 months: Mid to Long Term: Q1 2025 EARNINGS 3 1 Non-GAAP measure. See appendix for definitions and reconciliations. Statements in this presentation and in our other filings with the SEC, as well as other statements we may make from time to ...

NEWPORT NEWS, Va., May 01, 2025 (GLOBE NEWSWIRE) -- HII (NYSE: HII) today reported results for the first quarter of fiscal 2025. Highlights First quarter revenues were $2.7 billionFirst quarter net earnings were $149 million or $3.79 diluted earnings per shareNew contract awards of $2.1 billion, resulting in backlog of $48 billionCompany reaffirms previously issued financial guidance1 First Quarter ResultsFirst quarter 2025 revenues of $2.7 billion were down 2.5% from the first quarter of 2024, driven by lo ...

GROTON, Conn., April 30, 2025 /PRNewswire/ -- General Dynamics Electric Boat, a business unit of General Dynamics (NYSE: GD), announced today it has been awarded a total of $12.4 billion in contract modifications for construction of two fiscal year 2024 Virginia-class submarines. Additionally, the award funds investments to improve productivity at the shipyards and workforce support as detailed in the Department of Defense contract award announcement (https://www.defense.gov/News/Contracts/Contract/Article/ ...

Core Viewpoint - General Dynamics Electric Boat has been awarded $12.4 billion in contract modifications for the construction of two Virginia-class submarines, with potential cumulative value reaching $17.2 billion if options are exercised [1][3] Group 1: Contract Details - The contract modifications include funding for productivity improvements at shipyards and workforce support [1] - The total contract value could increase to $17.2 billion if all options are exercised [1] Group 2: Company and Industry Role - General Dynamics Electric Boat is the prime contractor and lead design yard for the Virginia-class submarine series, collaborating with HII's Newport News Shipbuilding [3] - The Virginia-class submarines are designed for a full range of 21st-century mission requirements, including anti-submarine warfare and special operations support [3] - General Dynamics Electric Boat employs over 24,000 people and is headquartered in Groton, Connecticut [4] Group 3: Company Overview - General Dynamics is a global aerospace and defense company with a diverse portfolio, generating $47.7 billion in revenue in 2024 and employing over 110,000 people worldwide [5]

NEWPORT NEWS, Va., April 30, 2025 (GLOBE NEWSWIRE) -- HII (NYSE: HII) announced today that the Virginia-class shipbuilding team, which includes the company’s Newport News Shipbuilding (NNS) division, has been awarded a contract modification in support of construction of two fiscal year 2024 Block V submarines. The contract modification, to NNS and teaming partner General Dynamics Electric Boat, authorizes construction of the 11th and 12th fast-attack submarines of the Block V contract. “We appreciate the te ...