HUNTINGTON INGALLS INDUSTRIES INC
For the period ended Jun 30, 2024. Filed Aug 1, 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.
Jun 30, 2024 · Filed Aug 1, 2024
HII$313.57+3.0%Stored close · as of Nov 10, 2026
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Condensed Consolidated Statements of Operations and Comprehensive Income
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (UNAUDITED)
| Three Months Ended June 30 | Six Months Ended June 30 | |||
|---|---|---|---|---|
| (in millions, except per share amounts) | 2024 | 2023 | 2024 | 2023 |
| Sales and service revenues | ||||
| Product sales | $1,926 | $1,879 | $3,713 | $3,708 |
| Service revenues | 1,051 | 908 | 2,069 | 1,753 |
| Sales and service revenues | 2,977 | 2,787 | 5,782 | 5,461 |
| Cost of sales and service revenues | ||||
| Cost of product sales | 1,627 | 1,602 | 3,164 | 3,170 |
| Cost of service revenues | 918 | 796 | 1,811 | 1,552 |
| Income from operating investments, net | 11 | 4 | 23 | 16 |
| Other income and gains, net | 1 | 1 | — | — |
| General and administrative expenses | 255 | 238 | 487 | 458 |
| Operating income | 189 | 156 | 343 | 297 |
| Other income (expense) | ||||
| Interest expense | (24) | (24) | (45) | (48) |
| Non-operating retirement benefit | 46 | 37 | 90 | 74 |
| Other, net | 5 | — | 12 | 9 |
| Earnings before income taxes | 216 | 169 | 400 | 332 |
| Federal and foreign income tax expense | 43 | 39 | 74 | 73 |
| Net earnings | $173 | $130 | $326 | $259 |
| Basic earnings per share | $4.38 | $3.27 | $8.25 | $6.49 |
| Weighted-average common shares outstanding | 39.5 | 39.8 | 39.5 | 39.9 |
| Diluted earnings per share | $4.38 | $3.27 | $8.25 | $6.49 |
| Weighted-average diluted shares outstanding | 39.5 | 39.8 | 39.5 | 39.9 |
| Dividends declared per share | $1.30 | $1.24 | $2.60 | $2.48 |
| Net earnings from above | $173 | $130 | $326 | $259 |
| Other comprehensive income | ||||
| Change in unamortized benefit plan costs | 4 | 5 | 9 | 9 |
| Tax expense for items of other comprehensive income | — | (1) | (2) | (2) |
| Other comprehensive income, net of tax | 4 | 4 | 7 | 7 |
| Comprehensive income | $177 | $134 | $333 | $266 |
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