HUNTINGTON INGALLS INDUSTRIES INC

For the period ended Dec 31, 2024. Filed Feb 6, 2025.

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FY2024 · Filed Feb 6, 2025

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

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Contents

CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME

(in millions, except per share amounts)	2024	2023	2022
Sales and service revenues
Product sales	$7,464	$7,664	$7,283
Service revenues	4,071	3,790	3,393
Sales and service revenues	11,535	11,454	10,676
Cost of sales and service revenues
Cost of product sales	6,500	6,467	6,225
Cost of service revenues	3,585	3,341	3,011
Income from operating investments, net	49	37	48
Other income and gains, net	9	120	1
General and administrative expenses	973	1,022	924
Operating income	535	781	565
Other income (expense)
Interest expense	(95)	(95)	(102)
Non-operating retirement benefit	179	148	276
Other, net	24	19	(20)
Earnings before income taxes	643	853	719
Federal and foreign income taxes	93	172	140
Net earnings	$550	$681	$579
Basic earnings per share	$13.96	$17.07	$14.44
Weighted-average common shares outstanding	39.4	39.9	40.1
Diluted earnings per share	$13.96	$17.07	$14.44
Weighted-average diluted shares outstanding	39.4	39.9	40.1
Net earnings from above	$550	$681	$579
Other comprehensive income
Change in unamortized benefit plan costs	528	238	436
Tax expense for items of other comprehensive income	(134)	(61)	(112)
Other comprehensive income, net of tax	394	177	324
Comprehensive income	$944	$858	$903

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