The company said fourth-quarter revenue rose 13% year over year to $3.2 billion, while operating income was $312 million and operating margin was 9.8%. Full-year revenue was $11.5 billion, up 7.3%, operating income was $781 million, and operating margin was 6.8%.

1. 01

   The company said fourth-quarter revenue rose 13% year over year to $3.2 billion, while operating income was $312 million and operating margin was 9.8%. Full-year revenue was $11.5 billion, up 7.3%, operating income was $781 million, and operating margin was 6.8%.

2. 02

   HII said diluted earnings per share for full-year 2023 were $17.07, compared with $14.44 in 2022. The company cited the sale of the court judgment against Venezuela and other factors as drivers of the $362 million increase in Ingalls Shipbuilding full-year segment operating income.

3. 03

   The company said net cash provided by operating activities was $970 million and free cash flow was $692 million in 2023. In 2022, they were $766 million and $494 million, respectively. Total backlog was approximately $48.1 billion as of December 31, 2023.

4. 04

   HII said it expects free cash flow of $600 million to $700 million and shipbuilding revenue of $8.8 billion to $9.1 billion for FY24. It also said free cash flow for FY24-FY28 is approximately $3.6 billion.

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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