Shipbuilding contracts anchor HII Q1 revenue

By Linda Hersey / May 4, 2023 at 11:15 AM
Huntington Ingalls Industries on Thursday reported $2.67 billion in revenue for the first quarter, representing a 4% increase over the same period last year. “That represents a record first-quarter result for HII,” said Chief Financial Officer Thomas Stiehle in an earnings call with investors. “This increased revenue was attributable to growth at Newport News Shipbuilding’s mission technologies.” HII reported $129 million in net income for the quarter that ended March 30, a decrease from $140 million during the same period...

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