HII Q4 2024 EPS falls to $3.15 from $6.90 as revenue drops 5.4% to $3.0 billion
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.
Key points
- 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
The filing
Written by AI on Nov 8, 2026, 12:56 AM ET, from this filing 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 February 06, 2025.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.