Huntington Ingalls Industries (HII) Misses Q1 EPS by 29c, Revs Beat; Reiterates Outlook
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Huntington Ingalls Industries Reports First Quarter 2020 Results and Provides COVID-19 Update
May 7, 2020 7:15 AM EDTRevenues were $2.3 billion in the quarterOperating margin was 9.5%Diluted earnings per share was $4.23Backlog of $45.2 billionReiterates long-term financial targets provided at February 2020 Investor Day
NEWPORT NEWS, Va., May 07, 2020 (GLOBE NEWSWIRE) -- Huntington Ingalls Industries (NYSE: HII) reported first quarter 2020 revenues of $2.3 billion, up 8.8% from the first quarter of 2019. The increase was driven primarily by higher volume at HIIs Newport News and Ingalls shipbuilding divisions, as well as growth at HIIs Technical Solutions division.
Operating income in the quarter was $215 million and operating margin was... More
