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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Brooke Hart (Media)
brooke.hart@hii-co.com
202-264-7108
Christie Thomas (Investors)
christie.thomas@hii-co.com
757-380-2104
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About HII
HII is America's Seapower Company. The nation’s largest shipbuilder, HII builds the manned and unmanned maritime systems and all-domain mission technologies that project U.S. and allied power around the world. With a more than 140-year history of advancing U.S. national security, HII is headquartered in Virginia and employs 45,000 people across three divisions.
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