February 6, 2025
HII Reports Fourth Quarter and Full Year 2024 Results
NEWPORT NEWS, Va. (February 6, 2025) — HII (NYSE: HII) reported fourth quarter 2024 revenues of $3.0 billion compared to $3.2 billion in the fourth quarter of 2023. The decrease was driven by lower volume at all segments compared to the prior year.
Highlights
- Revenues were $3.0 billion in the fourth quarter, $11.5 billion in 2024
- Diluted earnings per share was $3.15 in the fourth quarter, $13.96 in 2024
- Backlog of $48.7 billion at year-end
- Achieved critical shipbuilding milestones in 2024, including delivery of Virginia-class submarine New Jersey (SSN 796) and amphibious transport dock Richard M. McCool Jr. (LPD 29)
- Mission Technologies secured awards with total contract value of over $12 billion in 2024
Read below for HII's fourth quarter and full year 2024 results.
Download the pdf
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757-380-2104
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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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