Latest news with #ChrisKastner
Yahoo
31-07-2025
- Business
- Yahoo
Huntington Ingalls tops quarterly results as shipbuilding snags ease
(Reuters) -U.S. military shipbuilder Huntington Ingalls reported second-quarter results above Wall Street estimates on Thursday, as production issues ease at its shipyards and demand booms for submarines. The company's shares rose about 5% in premarket trading. Huntington is a prime contactor for the U.S. Navy's nuclear-powered Columbia-class submarines and makes Virginia-class submarines at its Newport News Shipbuilding facility. Huntington's output has suffered in recent quarters due to persistent problems in retaining skilled shipyard labor, despite China's expanding naval footprint and high global tensions keeping demand for submarines and aircraft carriers high. "We have seen early signs that targeted investments are helping to stabilize the workforce and supply chain, in support of the broader maritime industrial base," CEO Chris Kastner said in a statement. U.S. President Donald Trump's push to revitalize American shipbuilding to deter China is also expected to boost sales for companies like Huntington. It posted a second quarter per-share profit of $3.86, surpassing analysts' average estimate of $3.28, according to data compiled by LSEG. Its sales and services revenue rose 3.5% to $3.08 billion in the quarter, also topping expectations of $2.93 billion. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Reuters
31-07-2025
- Business
- Reuters
Huntington Ingalls tops quarterly results as shipbuilding snags ease
July 31 (Reuters) - U.S. military shipbuilder Huntington Ingalls (HII.N), opens new tab reported second-quarter results above Wall Street estimates on Thursday, as production issues ease at its shipyards and demand booms for submarines. The company's shares rose about 5% in premarket trading. Huntington is a prime contactor for the U.S. Navy's nuclear-powered Columbia-class submarines and makes Virginia-class submarines at its Newport News Shipbuilding facility. Huntington's output has suffered in recent quarters due to persistent problems in retaining skilled shipyard labor, despite China's expanding naval footprint and high global tensions keeping demand for submarines and aircraft carriers high. "We have seen early signs that targeted investments are helping to stabilize the workforce and supply chain, in support of the broader maritime industrial base," CEO Chris Kastner said in a statement. U.S. President Donald Trump's push to revitalize American shipbuilding to deter China is also expected to boost sales for companies like Huntington. It posted a second quarter per-share profit of $3.86, surpassing analysts' average estimate of $3.28, according to data compiled by LSEG. Its sales and services revenue rose 3.5% to $3.08 billion in the quarter, also topping expectations of $2.93 billion.
Yahoo
31-07-2025
- Business
- Yahoo
Huntington Ingalls tops quarterly results as shipbuilding snags ease
(Reuters) -U.S. military shipbuilder Huntington Ingalls reported second-quarter results above Wall Street estimates on Thursday, as production issues ease at its shipyards and demand booms for submarines. The company's shares rose about 5% in premarket trading. Huntington is a prime contactor for the U.S. Navy's nuclear-powered Columbia-class submarines and makes Virginia-class submarines at its Newport News Shipbuilding facility. Huntington's output has suffered in recent quarters due to persistent problems in retaining skilled shipyard labor, despite China's expanding naval footprint and high global tensions keeping demand for submarines and aircraft carriers high. "We have seen early signs that targeted investments are helping to stabilize the workforce and supply chain, in support of the broader maritime industrial base," CEO Chris Kastner said in a statement. U.S. President Donald Trump's push to revitalize American shipbuilding to deter China is also expected to boost sales for companies like Huntington. It posted a second quarter per-share profit of $3.86, surpassing analysts' average estimate of $3.28, according to data compiled by LSEG. Its sales and services revenue rose 3.5% to $3.08 billion in the quarter, also topping expectations of $2.93 billion. Sign in to access your portfolio
Globe and Mail
10-07-2025
- Business
- Globe and Mail
HII to Host Second Quarter Earnings Conference Call and Webcast on July 31
NEWPORT NEWS, Va., July 10, 2025 (GLOBE NEWSWIRE) -- HII (NYSE: HII) will release its second quarter 2025 financial results on Thursday, July 31, and host an earnings conference call at 9 a.m. Eastern time the same day. The call will be webcast live on HII's website: HII participants will include Chris Kastner, president and CEO, and Tom Stiehle, executive vice president and chief financial officer. Their remarks will be supplemented by a series of slides appearing on the company website. Listeners are encouraged to view these materials in conjunction with the call. Replays of the call will be available on the website for a limited time. About HII HII is a global, all-domain defense provider. HII's mission is to deliver the world's most powerful ships and all-domain solutions in service of the nation, creating the advantage for our customers to protect peace and freedom around the world. As the nation's largest military shipbuilder, and with a more than 135-year history of advancing U.S. national security, HII delivers critical capabilities extending from ships to unmanned systems, cyber, ISR, AI/ML and synthetic training. Headquartered in Virginia, HII's workforce is 44,000 strong. For more information, visit: Contacts: Brooke Hart (Media) 202-264-7108 Christie Thomas (Investors) 757-380-2104
Yahoo
10-07-2025
- Business
- Yahoo
HII to Host Second Quarter Earnings Conference Call and Webcast on July 31
NEWPORT NEWS, Va., July 10, 2025 (GLOBE NEWSWIRE) -- HII (NYSE: HII) will release its second quarter 2025 financial results on Thursday, July 31, and host an earnings conference call at 9 a.m. Eastern time the same day. The call will be webcast live on HII's website: HII participants will include Chris Kastner, president and CEO, and Tom Stiehle, executive vice president and chief financial officer. Their remarks will be supplemented by a series of slides appearing on the company website. Listeners are encouraged to view these materials in conjunction with the call. Replays of the call will be available on the website for a limited time. About HII HII is a global, all-domain defense provider. HII's mission is to deliver the world's most powerful ships and all-domain solutions in service of the nation, creating the advantage for our customers to protect peace and freedom around the world. As the nation's largest military shipbuilder, and with a more than 135-year history of advancing U.S. national security, HII delivers critical capabilities extending from ships to unmanned systems, cyber, ISR, AI/ML and synthetic training. Headquartered in Virginia, HII's workforce is 44,000 strong. For more information, visit: HII on the web: HII on Facebook: HII on X: HII on Instagram: Contacts: Brooke Hart (Media) Christie Thomas (Investors) in to access your portfolio
