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.
2The financial outlook, expectations and other forward looking statements provided by the company for 2023 and beyond reflect the company’s judgment based on information available at the time of this release.
Read below for HII’s second quarter 2023 results.