November 2, 2023
HII Reports Third Quarter 2023 Results
- Record third quarter revenues of $2.8 billion, up 7.2% compared to third quarter 2022
- Net earnings of $148 million or $3.70 diluted earnings per share
- Third quarter free cash flow1 of $293 million
- New contract awards of $5.4 billion, resulting in backlog of approximately $49 billion
- Company reaffirms shipbuilding and Mission Technologies FY23 margin guidance2
- Company increases shipbuilding midpoint and Mission Technologies FY23 revenue guidance2
- Company increases FY23 free cash flow1 guidance
1Non-GAAP measures. See Exhibit B for definitions and reconciliations.
Download the pdf for full results.
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 45,000 strong.
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