NEW YORK, Nov. 03, 2024 (GLOBE NEWSWIRE) -- Attorney Advertising-- Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of Huntington Ingalls Industries, Inc. (“Huntington Ingalls” or “the Company”) (NYSE: HII). Investors who purchased Huntington Ingalls securities are encouraged to obtain additional information and assist the investigation by visiting the firm’s site: bgandg.com/HII. Investigation Details On October 31, 2024, Huntington Ingalls reported Q3 earnings t ...

NEWPORT NEWS, Va., Nov. 01, 2024 (GLOBE NEWSWIRE) -- HII (NYSE: HII) hosted United Kingdom defense leaders at the company’s Newport News Shipbuilding division Tuesday. Madelaine McTernan, chief of defence nuclear at the Ministry of Defence, led the U.K. delegation. Adm. William Houston, director of the U.S. Naval Nuclear Propulsion Program, accompanied them. “It was an honor to welcome the United Kingdom delegation to the shipyard and share best practices as we strengthen our partnership,” NNS President Jen ...

The shipbuilder's cost issues will take time to resolve.Shipbuilder Huntington Ingalls Industries (HII 1.02%) posted disappointing quarterly results and cut its full-year guidance. Shares plunged following the announcement, ending down 30% for the month of October, according to data provided by S&P Global Market Intelligence.Hard-to-solve cost problemsHuntington Ingalls is one of two major shipbuilders for the U.S. Navy, and owner of coveted defense assets, including the Newport News shipyard in Virginia. I ...

If you want full access to all our reports, data and investing ideas, join The Aerospace Forum , the #1 aerospace, defense and airline investment research service on Seeking Alpha, with access to evoX Data Analytics, our in-house developed data analytics platform.Huntington Ingalls Industries (NYSE: HII ) reported third quarter earnings on the 31st of October, and the stock lost more than 25% of its value in response. I previously had a hold rating on HII stock as thereDhierin runs the investing group The A ...

Key TakeawaysThe S&P 500 dropped 1.9% on Thursday, Oct. 31, as signs of major firms spending big bucks to build out their AI platforms weighed on the tech sector.Huntington Ingalls shares sank after the military shipbuilder missed quarterly profit estimates and cut its full-year sales forecast.Labor market strength helped drive a strong quarter for HR and payroll services provider Paycom Software, and its shares surged. Major U.S. equities indexes never found a festive mood in the Halloween trading session, ...

Huntington Ingalls Industries, Inc. (NYSE:HII) Q3 2024 Earnings Conference Call October 31, 2024 9:00 AM ET Company Participants Christie Thomas - Vice President, Investor Relations Chris Kastner - President & Chief Executive Officer Tom Stiehle - Executive Vice President & Chief Financial Officer Conference Call Participants Gautam Khanna - TD Cowen Scott Mikus - Melius Research Myles Walton - Wolfe Research Pete Skibitski - Alembic Global David Strauss - Barclays Scott Deuschle - Deutsche Bank Jason Gursk ...

Huntington Ingalls Industries, Inc.’s (HII) third-quarter 2024 earnings of $2.56 per share declined 30.8% from $3.70 reported in the prior-year quarter. The bottom line also missed the Zacks Consensus Estimate of $3.84 by 33.3%.The year-over-year decline can be attributed to poor sales as well as operating income delivered by HII in the third quarter.Total RevenuesRevenues for the quarter totaled $2.75 billion, which missed the Zacks Consensus Estimate of $2.88 billion by 4.5%. The top line also declined 2. ...

McLEAN, Va., Oct. 31, 2024 (GLOBE NEWSWIRE) -- HII (NYSE: HII) announced today that its Mission Technologies division was awarded a $3 billion contract to provide strategic-level support to the U.S. Department of Defense (DOD) and its mission partners to enhance joint force capabilities and accelerate the application of solutions. The Logistics Services, ISR Operations and Next-Gen Technology (LOGIX) task order directly aligns with the DOD’s Joint All-Domain Command and Control (JADC2) strategy to deliver i ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ______________________________________________________________ FORM 10-Q ______________________________________________________________ ☒QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2024 or ☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ________ to ________ Co ...

Huntington Ingalls (HII) reported $2.75 billion in revenue for the quarter ended September 2024, representing a year-over-year decline of 2.4%. EPS of $2.56 for the same period compares to $3.70 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $2.88 billion, representing a surprise of -4.51%. The company delivered an EPS surprise of -33.33%, with the consensus EPS estimate being $3.84.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings ...