HII first-quarter revenue rises 4.9% to $2.8 billion; EPS up to $3.87
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.
Key points
- 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.
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 12:56 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on May 02, 2024.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.