Every material Form 8-K Huntington Ingalls Industries has filed with the SEC since February 01, 2024, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
Huntington Ingalls reported third-quarter 2026 net earnings of $217 million, or $5.48 per diluted share, up from $145 million, or $3.68, a year earlier, on revenue of $3.5 billion, up 10.8%. The company raised its fiscal 2026 shipbuilding revenue guidance to $10.5 billion to $10.7 billion from $10.2 billion to $10.4 billion, and reaffirmed its shipbuilding operating margin and free cash flow outlook. Shareholders see higher earnings and a higher revenue outlook, though free cash flow for the first nine months of 2026 was negative $182 million.
Third-quarter net earnings $217 million ($5.48 diluted EPS) vs. $145 million ($3.68) in Q3 2025
Shipbuilding revenue guidance raised to $10.5 billion-$10.7 billion from $10.2 billion-$10.4 billion
Shipbuilding operating margin guidance of 6.0%-6.5% and FY26 free cash flow guidance of $500 million-$600 million reaffirmed
HII's board elected former CEO C. Michael Petters as a director effective October 19, 2026, and increased the board from eleven to twelve members. Petters will serve on the Cybersecurity and Finance Committees, and his compensation is a board retainer and deferred stock units, which the filing lists as routine director pay.
Petters was elected to the board effective October 19, 2026, and appointed to the Cybersecurity and Finance Committees.
He previously served as HII president and CEO from March 2011 to March 2022 and as Executive Vice Chairman until his retirement in January 2023.
Annual cash retainer of $130,000, plus $20,000 for each committee role, and an annual equity grant of $195,000 in deferred stock units, prorated for 2026.
Board size increased from eleven to twelve members.
HII reported second-quarter 2026 revenue of $3.4 billion, up 10.9% from a year earlier, and net earnings of $208 million, or $5.27 per diluted share, compared with $152 million, or $3.86 per share, in the second quarter of 2025. The company raised its FY26 shipbuilding revenue guidance and the low end of its shipbuilding operating margin guidance, but free cash flow was negative $150 million in the quarter.
Q2 2026 revenue of $3.4 billion, up 10.9%; net earnings of $208 million, up from $152 million; diluted EPS of $5.27 vs. $3.86
FY26 shipbuilding revenue guidance raised to $10.2 billion to $10.4 billion from $9.7 billion to $9.9 billion
Shipbuilding operating margin guidance low end raised; range now 6.0% to 6.5%, from 5.5% to 6.5%
Free cash flow was negative $150 million in Q2; company reaffirmed its FY26 free cash flow outlook of $500 million to $600 million
HII reported first quarter 2026 revenue of $3.1 billion, up 13.4% from a year earlier, while net earnings of $149 million and diluted EPS of $3.79 were unchanged. Operating income fell 3.7% to $155 million, and the company reaffirmed its previously issued FY26 financial guidance. Shareholders get higher sales but flat profit, with the full-year outlook unchanged.
Revenue of $3.1 billion, up 13.4% from the first quarter of 2025
Net earnings of $149 million and diluted EPS of $3.79, both flat year over year
Operating income of $155 million, down from $161 million; operating margin 5.0% versus 5.9%
Company reaffirmed FY26 guidance, including FY26 free cash flow of $500 million to $600 million
HII reported fourth quarter 2025 revenue of $3.5 billion, up from $3.0 billion a year earlier, and diluted earnings per share of $4.04, up from $3.15. For the full year, revenue rose 8.2% to $12.5 billion and diluted earnings per share rose 10.2% to $15.39. The company also issued 2026 expectations, including shipbuilding revenue of $9.7 billion to $9.9 billion and free cash flow of $500 million to $600 million.
Fourth quarter operating income was $172 million with a 4.9% operating margin, compared with $110 million and 3.7% a year earlier.
Full-year 2025 free cash flow was $800 million, compared with $40 million in 2024.
For 2026, HII expects Mission Technologies revenue of $3.0 billion to $3.2 billion and free cash flow of $500 million to $600 million.
HII reported third-quarter 2025 revenue of $3.2 billion, up 16.1% from a year earlier, and net earnings of $145 million, or $3.68 per diluted share, versus $2.56 a year earlier. The company raised its fiscal 2025 free cash flow guidance to $550 million to $650 million, from $500 million to $600 million, which signals stronger expected cash generation for shareholders.
Q3 2025 revenue of $3.2 billion, up 16.1% from Q3 2024
Net earnings of $145 million, or $3.68 per diluted share, versus $101 million and $2.56 in Q3 2024
FY25 free cash flow guidance raised to $550 million to $650 million from $500 million to $600 million
Total backlog of $55.7 billion as of September 30, 2025
HII reported second quarter 2025 revenue of $3.1 billion, up 3.5% from a year earlier, but net earnings fell to $152 million from $173 million, and diluted EPS fell to $3.86 from $4.38. The company raised its FY25 free cash flow guidance to $500 million to $600 million and reaffirmed its segment revenue and operating margin guidance, so shareholders see higher revenue and cash expectations alongside lower quarterly profit.
Q2 revenue of $3.1 billion ($3,082 million), up 3.5%; operating margin 5.3% vs. 6.3% a year earlier
Net earnings of $152 million vs. $173 million; diluted EPS of $3.86 vs. $4.38
Newport News Shipbuilding segment operating margin fell to 5.1% from 7.2%, driven by lower performance in the Virginia-class submarine program and aircraft carrier construction
FY25 free cash flow guidance raised to $500 million to $600 million; segment revenue and operating margin guidance reaffirmed; backlog of $56.9 billion as of June 30, 2025
Huntington Ingalls Industries (HII) elected Nick L. Stanage, former chairman, CEO and president of Hexcel Corporation, to its Board of Directors effective July 29, 2025. The board also increased its size from twelve to thirteen members. The filing says Mr. Stanage joins the Audit Committee and the Governance and Policy Committee and receives board pay that is prorated for 2025.
Stanage elected to the board effective July 29, 2025, and appointed to the Audit and Governance and Policy committees
Annual cash retainer of $120,000, plus $25,000 for Audit Committee service and $20,000 for Governance and Policy Committee service
Annual equity grant of $165,000 in deferred stock units, paid at the end of board service
Board size increased from twelve members to thirteen members
HII reported first-quarter 2025 revenue of $2.7 billion, down 2.5% from a year earlier, and net earnings of $149 million, or $3.79 per diluted share, versus $153 million and $3.87 a year earlier. The company reaffirmed its full-year 2025 financial outlook, but free cash flow was negative $462 million in the quarter, compared with negative $274 million in the first quarter of 2024.
Revenue $2.7 billion, down 2.5%; operating income rose to $161 million from $154 million
Net earnings $149 million vs. $153 million; diluted EPS $3.79 vs. $3.87
New contract awards of $2.1 billion; total backlog approximately $48.0 billion as of March 31, 2025
Free cash flow negative $462 million vs. negative $274 million a year earlier; company reaffirmed FY25 outlook
HII reported fourth-quarter 2024 revenue of $3.0 billion and diluted earnings per share of $3.15, down from $3.2 billion and $6.90 a year earlier. The company said lower volume, weaker performance at Newport News Shipbuilding, and prior-year gains from a court judgment sale and an insurance settlement drove the decline. The release also gave 2025 outlook, including free cash flow of $300 million to $500 million, and year-end backlog of $48.7 billion.
Q4 2024 revenue was $3.0 billion, compared with $3.2 billion in Q4 2023; segment operating margin was 3.4%, versus 10.4%
Q4 2024 diluted EPS was $3.15, compared with $6.90 in Q4 2023; full-year 2024 diluted EPS was $13.96, versus $17.07
Full-year 2024 revenue was $11.5 billion, up less than 1%; net cash from operating activities was $393 million
FY25 outlook includes free cash flow of $300 million to $500 million; backlog was $48.7 billion as of December 31, 2024
Huntington Ingalls Industries completed a public offering of $1 billion in senior unsecured notes on November 18, 2024, split evenly between $500 million of 5.353% notes due 2030 and $500 million of 5.749% notes due 2035. The filing describes the notes' interest schedule, guarantees, and covenants, which add to the company's long-term debt obligations for shareholders.
$500 million of 5.353% Senior Notes mature January 15, 2030
$500 million of 5.749% Senior Notes mature January 15, 2035
Interest is paid semi-annually on January 15 and July 15, beginning July 15, 2025
Notes are guaranteed by certain domestic subsidiaries; U.S. Bank Trust Company, National Association, is trustee
HII's board elected Executive Vice President Kari Wilkinson to lead Newport News Shipbuilding, its largest division, effective January 1, 2025, when Jennifer Boykin retires after 37 years with the company. Brian Blanchette was elected to succeed Wilkinson as president of Ingalls Shipbuilding on the same date, so the change affects two of HII's shipyards.
Wilkinson's annual base salary rises from $545,000 to $625,000, effective January 1, 2025; other compensation is substantially unchanged.
Boykin retires effective January 1, 2025 and will stay on in an advisory capacity through March, per CEO Chris Kastner.
Blanchette, currently vice president of quality and engineering at Ingalls, joined the company in 1996 and takes over Ingalls on January 1, 2025.
HII reported third quarter 2024 revenue of $2.7 billion, down 2.4%, and net earnings of $101 million, or $2.56 per diluted share, versus $148 million and $3.70 a year earlier. The company cut its fiscal 2024 shipbuilding operating margin outlook to 5.0% to 6.0% from 7.6% to 7.8% and its fiscal 2024 free cash flow outlook to $0 to $100 million from $600 million to $700 million, and withdrew its five-year free cash flow outlook, which weighs on shareholder expectations for cash generation.
Q3 2024 revenue $2.7 billion, down 2.4%; net earnings $101 million vs. $148 million a year earlier
Newport News Shipbuilding included a net unfavorable cumulative adjustment of $78 million; segment operating margin 1.1%
FY24 free cash flow outlook cut to $0-$100 million from $600-$700 million; five-year (2024-2028) outlook withdrawn
Total backlog approximately $49.4 billion as of September 30, 2024
Huntington Ingalls Industries entered a Second Amended and Restated Credit Agreement on September 17, 2024, with JPMorgan Chase Bank, N.A. as administrative agent. The revolving credit facility capacity rose from $1.5 billion to $1.7 billion and its maturity was extended to September 17, 2029. The filing describes this as a refinancing of the existing facility, and the pricing terms are tied to the company's credit rating.
Facility capacity increased from $1.5 billion to $1.7 billion
Maturity extended to September 17, 2029
At current credit rating, drawn amounts would bear interest at SOFR plus 1.375%, and the commitment fee would be 0.20%
HII reported record second quarter 2024 revenue of $3.0 billion, up 6.8% from a year earlier, with net earnings of $173 million, or $4.38 per diluted share, compared with $3.27 in the second quarter of 2023. The company raised its Mission Technologies revenue guidance range and reaffirmed its shipbuilding guidance, but free cash flow was negative $99 million in the quarter.
Revenue of $3.0 billion, up 6.8%; operating income of $189 million, up 21.2%
Net earnings of $173 million, up 33.1%; diluted EPS of $4.38 versus $3.27
Free cash flow was negative $99 million, compared with positive $14 million in the second quarter of 2023
Raised Mission Technologies revenue guidance range and reaffirmed FY24 shipbuilding guidance
HII reported first-quarter 2024 results on May 2, 2024, with revenue of $2.8 billion, up 4.9% from a year earlier, and net earnings of $153 million, or $3.87 per diluted share, compared with $3.23 in the first quarter of 2023. The company reaffirmed its 2024 financial outlook. Free cash flow was negative $274 million, which matters to shareholders watching cash generation.
Revenue of $2,805 million, up 4.9% from $2,674 million, driven mainly by Mission Technologies, where revenue rose 20.2%.
Net earnings of $153 million, or $3.87 per diluted share, versus $129 million, or $3.23, a year earlier.
Free cash flow was negative $274 million, compared with negative $49 million in the first quarter of 2023.
The company reaffirmed its FY24 outlook, including free cash flow of $600 million to $700 million.
HII reported fourth quarter 2023 revenue of $3.2 billion, up 13% from a year earlier, and diluted earnings per share of $6.90 versus $3.07. For full year 2023, revenue reached a record $11.5 billion, up 7.3%, and diluted EPS was $17.07 versus $14.44. The company also issued 2024 outlook calling for shipbuilding revenue of $8.8 billion to $9.1 billion and free cash flow of $600 million to $700 million.
Q4 2023 operating income was $312 million, with operating margin of 9.8% versus 3.7% a year earlier; segment operating income was lifted by the sale of a court judgment and an insurance claim settlement
Full year 2023 net earnings were $681 million, up from $579 million in 2022; free cash flow was $692 million
New contract awards in 2023 were about $12.5 billion, bringing total backlog to about $48.1 billion as of December 31, 2023
FY24 outlook: shipbuilding revenue of $8.8 billion to $9.1 billion, Mission Technologies revenue of $2.7 billion to $2.75 billion, and free cash flow of $600 million to $700 million
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