The company said revenue for Q1 2024 was $2.8 billion, up 4.9% from a year earlier, with operating income of $154 million and net earnings of $153 million. Diluted earnings per share were $3.87.

1. 01

   The company said revenue for Q1 2024 was $2.8 billion, up 4.9% from a year earlier, with operating income of $154 million and net earnings of $153 million. Diluted earnings per share were $3.87.

2. 02

   HII said Mission Technologies segment revenue for Q1 was $750 million, up $126 million or 20.2% from a year earlier. The company cited higher volumes in C5ISR and in cyber, electronic warfare and space as factors.

3. 03

   Huntington Ingalls said net cash used in operating activities was $202 million for Q1 2024, and free cash flow was negative $274 million. For Q1 2023, net cash used in operating activities was $9 million, and free cash flow was negative $49 million.

4. 04

   The company said new contract awards for Q1 2024 were $3.1 billion, and total backlog as of March 31, 2024 was approximately $48.4 billion. It also said it reaffirmed its prior outlook, including full-year free cash flow guidance of $600M to $700M.

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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