February 1, 2024
HII Reports Fourth Quarter and Full Year 2023 Results
- Fourth quarter revenues grew 13% year over year, to a record $3.2 billion
- Record 2023 revenues of $11.5 billion, grew 7.3% year over year
- Diluted earnings per share was $6.90 for the fourth quarter, $17.07 for 2023
- Net cash provided from operations was $970 million, and free cash flow1 was $692 million in 2023
1Non-GAAP measures. See Exhibit B for definitions and reconciliations.
Read below for HII’s fourth quarter and full year 2023 results.
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About HII
HII is America’s largest shipbuilder, delivering the world’s most powerful ships and all-domain mission technologies, including unmanned systems, to U.S. and allied defense customers. HII is the largest producer of unmanned underwater vehicles for the U.S. Navy and the world.
With a more than 140-year history of advancing U.S. national security, HII builds and integrates defense capabilities extending from the core fleet to C6ISR, AI/ML, EW and synthetic training. Headquartered in Virginia, HII’s workforce is 44,000 strong.
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