HUNTINGTON INGALLS INDUSTRIES INC
For the period ended Sep 30, 2024. Filed Oct 31, 2024.
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Sep 30, 2024 · Filed Oct 31, 2024
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Earnings Per Share
- EARNINGS PER SHARE
Basic and diluted earnings per common share were calculated as follows:
| Three Months Ended September 30 | Nine Months Ended September 30 | |||
|---|---|---|---|---|
| (in millions, except per share amounts) | 2024 | 2023 | 2024 | 2023 |
| Net earnings | $101 | $148 | $427 | $407 |
| Weighted-average common shares outstanding | 39.5 | 40.0 | 39.5 | 40.0 |
| Net dilutive effect of stock awards | — | — | — | — |
| Dilutive weighted-average common shares outstanding | 39.5 | 40.0 | 39.5 | 40.0 |
| Earnings per share - basic | $2.56 | $3.70 | $10.81 | $10.18 |
| Earnings per share - diluted | $2.56 | $3.70 | $10.81 | $10.18 |
Under the treasury stock method, the Company has excluded from the diluted share amounts presented above the effects of 0.4 million Restricted Performance Stock Rights ("RPSRs") and 0.1 million Restricted Stock Rights ("RSRs") for each of thethree and nine months ended September 30, 2024, and 0.4 million RPSRs for each of the three and nine months ended September 30, 2023.
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