HUNTINGTON INGALLS INDUSTRIES INC

For the period ended Mar 31, 2024. Filed May 2, 2024.

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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Mar 31, 2024 · Filed May 2, 2024

HII$313.57+3.0%Stored close · as of Nov 10, 2026

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Contents

Condensed Consolidated Statements of Operations and Comprehensive Income

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (UNAUDITED)

(in millions, except per share amounts)	2024	2023
Sales and service revenues
Product sales	$1,787	$1,829
Service revenues	1,018	845
Sales and service revenues	2,805	2,674
Cost of sales and service revenues
Cost of product sales	1,537	1,568
Cost of service revenues	893	756
Income from operating investments, net	12	12
Other income and gains (losses), net	(1)	(1)
General and administrative expenses	232	220
Operating income	154	141
Other income (expense)
Interest expense	(21)	(24)
Non-operating retirement benefit	44	37
Other, net	7	9
Earnings before income taxes	184	163
Federal and foreign income tax expense	31	34
Net earnings	$153	$129
Basic earnings per share	$3.87	$3.23
Weighted-average common shares outstanding	39.5	39.9
Diluted earnings per share	$3.87	$3.23
Weighted-average diluted shares outstanding	39.5	39.9
Dividends declared per share	$1.30	$1.24
Net earnings from above	$153	$129
Other comprehensive income
Change in unamortized benefit plan costs	5	4
Tax expense for items of other comprehensive income	(2)	(1)
Other comprehensive income, net of tax	3	3
Comprehensive income	$156	$132

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