Latest news with #HII
Yahoo
4 days ago
- Business
- Yahoo
HII Hosts United Kingdom House of Commons Defence Committee Members at Newport News Shipbuilding
NEWPORT NEWS, Va., May 27, 2025 (GLOBE NEWSWIRE) -- HII (NYSE: HII) hosted members of the United Kingdom House of Commons Defence Committee at its Newport News Shipbuilding division last week. The visit was held in support of the trilateral Australia, United Kingdom and United States (AUKUS) partnership. HII continues its commitment to supporting AUKUS, which set in motion tasking across all three countries to determine the optimal pathway to provide Australia with conventionally armed, nuclear-powered submarines and a broader partnership on advanced capabilities. 'The Committee were delighted to visit the HII yard and see the skill and endeavour on display,' said Tan Dhesi, chairman of House of Commons Defence Committee. 'The AUKUS agreement is a vital tool for the strategic advantage of all three countries and the Committee is pleased to support it with our recently launched inquiry, ensuring it achieves its maximum potential.' Defence Committee members met with company leadership and saw facilities that support construction of Virginia-class nuclear-powered attack submarines. Additionally, they participated in a tour of the Newport News Shipbuilding Apprentice School that focused on HII's workforce development expertise. Photos accompanying this release are available at: 'We greatly appreciate the Defence Committee's engagement and the opportunity to showcase how HII's decades of expertise directly support AUKUS objectives,' said Michael Lempke, president of the HII Mission Technologies division Global Security group and the leader of HII's Australia and U.K. operations. 'From building nuclear-powered submarines to fortifying industrial capacity across the U.S., U.K. and Australia, our efforts are closely aligned with the trilateral vision. These discussions are vital to strengthening the collaboration and driving the innovation that underpins AUKUS.' Industrial integration of submarine and shipbuilding capabilities between the U.S., U.K. and Australia is a critical component of the AUKUS partnership, enabling aligned defense production, workforce development, and supply chain collaboration to support shared security objectives. NNS is one of only two shipyards capable of designing and building nuclear-powered submarines for the U.S. Navy. HII is the founding member of the AUKUS Workforce Alliance (AWA), a dedicated partnership committed to preparing a skilled workforce in support of all steps of Australia's optimal pathway to sovereign nuclear-powered submarines. The company was awarded a contract for the Australian Submarine Supplier Qualification (AUSSQ) pilot program to accelerate the identification and qualification of Australian suppliers and products into the United States submarine industrial base. About Defence Committee's inquiry: 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: Contact: Todd 688-3220 A photo accompanying this announcement is available at while retrieving data Sign in to access your portfolio Error while retrieving data
Yahoo
4 days ago
- Business
- Yahoo
HII Hosts United Kingdom House of Commons Defence Committee Members at Newport News Shipbuilding
NEWPORT NEWS, Va., May 27, 2025 (GLOBE NEWSWIRE) -- HII (NYSE: HII) hosted members of the United Kingdom House of Commons Defence Committee at its Newport News Shipbuilding division last week. The visit was held in support of the trilateral Australia, United Kingdom and United States (AUKUS) partnership. HII continues its commitment to supporting AUKUS, which set in motion tasking across all three countries to determine the optimal pathway to provide Australia with conventionally armed, nuclear-powered submarines and a broader partnership on advanced capabilities. 'The Committee were delighted to visit the HII yard and see the skill and endeavour on display,' said Tan Dhesi, chairman of House of Commons Defence Committee. 'The AUKUS agreement is a vital tool for the strategic advantage of all three countries and the Committee is pleased to support it with our recently launched inquiry, ensuring it achieves its maximum potential.' Defence Committee members met with company leadership and saw facilities that support construction of Virginia-class nuclear-powered attack submarines. Additionally, they participated in a tour of the Newport News Shipbuilding Apprentice School that focused on HII's workforce development expertise. Photos accompanying this release are available at: 'We greatly appreciate the Defence Committee's engagement and the opportunity to showcase how HII's decades of expertise directly support AUKUS objectives,' said Michael Lempke, president of the HII Mission Technologies division Global Security group and the leader of HII's Australia and U.K. operations. 'From building nuclear-powered submarines to fortifying industrial capacity across the U.S., U.K. and Australia, our efforts are closely aligned with the trilateral vision. These discussions are vital to strengthening the collaboration and driving the innovation that underpins AUKUS.' Industrial integration of submarine and shipbuilding capabilities between the U.S., U.K. and Australia is a critical component of the AUKUS partnership, enabling aligned defense production, workforce development, and supply chain collaboration to support shared security objectives. NNS is one of only two shipyards capable of designing and building nuclear-powered submarines for the U.S. Navy. HII is the founding member of the AUKUS Workforce Alliance (AWA), a dedicated partnership committed to preparing a skilled workforce in support of all steps of Australia's optimal pathway to sovereign nuclear-powered submarines. The company was awarded a contract for the Australian Submarine Supplier Qualification (AUSSQ) pilot program to accelerate the identification and qualification of Australian suppliers and products into the United States submarine industrial base. About Defence Committee's inquiry: 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: Contact: Todd 688-3220 A photo accompanying this announcement is available at in to access your portfolio
Yahoo
4 days ago
- Business
- Yahoo
Reasons to Include Huntington Ingalls Stock in Your Portfolio
Huntington Ingalls Industries HII, with rising earnings estimates, robust ROE, better debt management, a solid backlog and shareholder-friendly initiatives, offers a great investment opportunity in the Zacks Aerospace Defense focus on the reasons that make this Zacks Rank #2 (Buy) stock an attractive investment pick at the moment. The Zacks Consensus Estimate for HII's 2025 earnings per share (EPS) has increased 3.3% to $14.31 per share over the past 30 Zacks Consensus Estimate for HII's total revenues for 2025 stands at $11.91 billion, indicating year-over-year growth of 3.3%.The company's (three to five years) earnings growth rate is pegged at 11%. HII surpassed expectations in the last four reported quarters and delivered an average earnings surprise of 4.20% in the last four quarters. Return on equity (ROE) measures how effectively a company has used its funds to generate higher returns. HII currently has an ROE of 12.26% compared to the industry's average of 10.75%. This suggests that the company has been utilizing its funds more effectively than its peers in the industry. Huntington Ingalls has been increasing shareholders' value through dividend payments. Currently, the company's quarterly dividend is $1.35 per share, resulting in an annualized dividend of $5.40. During the first quarter of 2025, the company paid dividends worth $53 million. The company's current dividend yield is 2.40%, better than the Zacks S&P 500 Composite's average of 1.27%. With the strong demand that Huntington Ingalls products enjoy, the company's order growth remains solid. The value of the company's new contract awards won in the first quarter of 2025 was nearly $2.1 billion. This resulted in a total backlog of $48.05 billion as of March 31, 2025. Such a significant backlog count bodes well for the company's revenue generation prospects in the coming years. Currently, Huntington Ingalls' total debt to capital is 40.15%, better than the industry's average of 52.09%.HII's times interest earned ratio (TIE) at the end of the first quarter of 2025 was 7.3. The TIE ratio of more than 1 indicates that the company will be able to meet its interest payment obligations in the near term without any problems. In the past three months, HII shares have risen 28% compared with the industry's growth of 8%. Image Source: Zacks Investment Research A few other top-ranked stocks from the same industry are Howmet Aerospace Inc. HWM, which sports a Zacks Rank #1 (Strong Buy), and Airbus SE EADSY and GE Aerospace GE, each carrying a Zacks Rank #2 at present. You can see the complete list of today's Zacks #1 Rank stocks long-term earnings growth rate is 19%. The Zacks Consensus Estimate for Howmet's 2025 sales is pegged at $8.06 billion, which implies an improvement of 8.5%.EADSY's long-term earnings growth rate is 4%. The Zacks Consensus Estimate for Airbus' total revenues for 2025 stands at $82.57 billion, which indicates growth of 10.4%.GE's long-term earnings growth rate is 15.1%. The company delivered an average earnings surprise of 17.97% in the last four quarters. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report GE Aerospace (GE) : Free Stock Analysis Report Huntington Ingalls Industries, Inc. (HII) : Free Stock Analysis Report Airbus Group (EADSY) : Free Stock Analysis Report Howmet Aerospace Inc. (HWM) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research 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
Yahoo
21-05-2025
- Business
- Yahoo
HII to Participate in Bernstein's 41st Annual Strategic Decisions Conference on May 28
NEWPORT NEWS, Va., May 21, 2025 (GLOBE NEWSWIRE) -- HII (NYSE: HII) will participate in Bernstein's Strategic Decisions Conference on May 28. A conversation with HII President and CEO Chris Kastner will begin at 3:30 p.m. Eastern time and will be webcast on 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: Contact: Brooke Hart (Media) Christie Thomas (Investors)
Yahoo
15-05-2025
- Business
- Yahoo
HII Q1 Earnings Call: Profit Beats Offset Revenue Miss as Shipbuilding Initiatives Progress
Aerospace and defense company Huntington Ingalls (NYSE:HII) fell short of the market's revenue expectations in Q1 CY2025, with sales falling 2.5% year on year to $2.73 billion. Its non-GAAP profit of $3.31 per share was 17.8% above analysts' consensus estimates. Is now the time to buy HII? Find out in our full research report (it's free). Revenue: $2.73 billion vs analyst estimates of $2.79 billion (2.5% year-on-year decline, 2.1% miss) Adjusted EPS: $3.31 vs analyst estimates of $2.81 (17.8% beat) Adjusted EBITDA: $237.5 million vs analyst estimates of $210 million (8.7% margin, 13.1% beat) Operating Margin: 5.9%, in line with the same quarter last year Free Cash Flow was -$462 million compared to -$274 million in the same quarter last year Backlog: $48.05 billion at quarter end, in line with the same quarter last year Market Capitalization: $8.75 billion Huntington Ingalls' first quarter results were shaped by operational challenges in shipbuilding, with management highlighting production delays at Newport News due to late equipment deliveries and weather disruptions. CEO Chris Kastner acknowledged that while Ingalls Shipbuilding met its production goals, Newport News experienced setbacks, particularly on the CVN 80 carrier. The company also noted lower volumes in amphibious assault ships and nuclear support services as contributing factors to the revenue decline. Kastner stated, 'Once this equipment is received from our suppliers, which is scheduled throughout the summer, we anticipate an acceleration of progress.' Looking ahead, management maintained its full-year outlook and pointed to ongoing cost reduction efforts and increased outsourcing as key levers for future improvement. CFO Tom Stiehle noted that the company is 'progressing on each of these items,' expecting margin and free cash flow normalization in the coming years. Leadership also cited industry tailwinds, including new government contracts and executive orders aimed at strengthening the domestic shipbuilding base, as supportive of long-term growth. Management attributed the quarter's performance to specific operational issues and strategic moves within its core shipbuilding and Mission Technologies divisions. Production Delays at Newport News: Delays in receiving major equipment impacted progress on the CVN 80 carrier, with weather compounding the schedule variance. Management expects improvement once the necessary parts arrive during the summer. Shipbuilding Throughput Initiatives: Huntington Ingalls continued efforts to increase shipbuilding throughput by 20% year over year, including ramped-up outsourcing and the integration of its South Carolina facility. Ingalls Shipbuilding operations remained on track, while Newport News lagged due to the aforementioned equipment delays. Cost Reduction Plan: The company reaffirmed its goal of achieving $250 million in annualized cost reductions by year-end. Initiatives include contract negotiations, workforce development, and streamlining operational processes across shipyards. Mission Technologies Growth: The Mission Technologies division reported contract wins, such as a high-energy laser prototype for the U.S. Army and delivery of uncrewed undersea vehicles, signaling continued traction in advanced defense technologies. Strategic Partnerships and Policy Tailwinds: Huntington Ingalls established a memorandum of understanding with HD Hyundai Heavy Industries to explore collaborative shipbuilding opportunities. Management highlighted executive orders from the administration as supportive of domestic shipbuilding and defense innovation. Management's outlook centers on ramping up shipbuilding throughput, delivering on cost reductions, and capitalizing on policy-driven demand in the U.S. maritime sector. Operational Execution Needed: Achieving targeted increases in shipbuilding throughput and meeting delivery schedules, especially at Newport News, are critical for revenue and margin improvement. Defense Policy and Funding: The company expects sustained demand from new government contracts, industry initiatives, and executive orders aimed at expanding shipbuilding capacity and modernizing the defense industrial base. Labor and Supply Chain Dynamics: Management cited workforce retention, targeted hiring of experienced personnel, and timely receipt of key equipment as ongoing risks to schedules and cost efficiency. Doug Harned (Bernstein): Asked how increased government funding would translate into higher submarine production rates. CEO Chris Kastner pointed to targeted investments in workforce and facilities, noting, 'These are the right investments to get at the build rate.' David Strauss (Barclays): Inquired about the structure of new shipbuilding contracts and implications for margins. CFO Tom Stiehle explained the new contracts blend cost-type and incentive structures, aiming for a balance between affordability and profitability. Scott Mikus (Melius Research): Questioned whether more contracts would shift to cost-plus formats amid labor negotiations. Kastner responded that contract types would be determined case-by-case, emphasizing the importance of timely wage support for workforce retention. Myles Walton (Wolfe Research): Probed progress on hiring and attrition. Kastner reported 1,000 new hires in the quarter and noted attrition is 'moving in the right direction,' driven by hiring more experienced personnel. Ron Epstein (Bank of America): Asked about modernization and automation in shipyards. Kastner stated that while some automation is underway, the focus is on streamlining processes and increasing efficiency, rather than full-scale automation. In the coming quarters, the StockStory team will monitor (1) progress on shipbuilding throughput and timely resolution of supply chain and equipment delays, (2) execution of cost reduction and outsourcing initiatives to improve margins, and (3) the impact of new government contracts and policy measures on backlog and order flow. Additionally, the pace of workforce hiring and retention, as well as progress on Mission Technologies' advanced defense programs, will be important signposts for operational and financial performance. Huntington Ingalls currently trades at a forward P/E ratio of 15.8×. Is the company at an inflection point that warrants a buy or sell? Find out in our free research report. Donald Trump's victory in the 2024 U.S. Presidential Election sent major indices to all-time highs, but stocks have retraced as investors debate the health of the economy and the potential impact of tariffs. While this leaves much uncertainty around 2025, a few companies are poised for long-term gains regardless of the political or macroeconomic climate, like our Top 5 Strong Momentum Stocks for this week. This is a curated list of our High Quality stocks that have generated a market-beating return of 176% over the last five years. Stocks that made our list in 2020 include now familiar names such as Nvidia (+1,545% between March 2020 and March 2025) as well as under-the-radar businesses like the once-micro-cap company Kadant (+351% five-year return). Find your next big winner with StockStory today. 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
