Huntington Ingalls Industries said Newport News segment operating income for the 3 months ended June 30, 2025 was $82 million, lower than $111 million for the same period in the prior year. The company cited lower performance in the Virginia class submarine program and aircraft carrier construction as factors.

1. 01

   Huntington Ingalls Industries said Newport News segment operating income for the 3 months ended June 30, 2025 was $82 million, lower than $111 million for the same period in the prior year. The company cited lower performance in the Virginia class submarine program and aircraft carrier construction as factors.

2. 02

   Huntington Ingalls Industries said total backlog as of June 30, 2025 was $56.9 billion, up from $48.7 billion as of December 31, 2024. New contract awards for the 6 months ended June 30, 2025 were approximately $14.0 billion, inclusive of a contract modification for construction of 2 additional Block V Virginia-class submarines.

3. 03

   Huntington Ingalls Industries said cash provided by operating activities for the 6 months ended June 30, 2025 was $428 million, compared with cash used in operating activities of $211 million for the same period in the prior year. The company cited a change in trade working capital driven by the timing of billings across programs and lower payments for income taxes.

4. 04

   Huntington Ingalls Industries said free cash flow for the 6 months ended June 30, 2025 increased $641 million from the same period in the prior year. For the same period, interest expense was $56 million, up from $45 million in the prior year, and the company cited an increase in outstanding long-term debt as a factor.

Key figures

Quarter ended June 30, 2025

Revenue

$3.1B

Operating income

$163M

Net income

$152M

EPS

$3.86

Analysis scope · Management's discussion (MD&A)We analyzed excerpts of the Management's Discussion and Analysis (MD&A) section (with omissions). Other sections of the report, such as the notes to the financial statements and risk factors, were not reviewed.

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Original filing

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