Huntington Ingalls Industries, Inc. · HII · FY2024 Q4 · Calendar Q1 2025

HII Maintains 2025 Guidance as It Targets Shipyard Productivity

The supplied analysis supports a constructive but conditional view: strong defense demand, a large contract pipeline, workforce additions, and operational initiatives could support growth, but margin recovery and cash generation depend on execution.

Reported Before market openNYSEIndustrials $10.72B market cap
70quality score

Earnings scorecard

Reported versus consensus
Reported EPS — Consensus $3.19
EPS surprise — Reported versus consensus
Reported revenue — Consensus $3.06B
Revenue surprise — Reported versus consensus

Market reaction

prior-close to event-session close
Stock move -18.3% Event window
SPY move +0.3% Same window
Abnormal move -18.7% Stock minus SPY
Volume 5.1× Versus trailing sessions
Subsequent drift +22.7% Up to 20 sessions
HIISPY benchmark

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What changed

Management highlighted the W International acquisition, plans to increase outsourcing by 30% in 2025, and a $250 million annual enterprise-wide cost-reduction target while maintaining FY2025 guidance.

Guidance delta

Maintained FY2025 guidance, including shipbuilding revenue of $8.9–$9.1 billion, shipbuilding margins of 5.5–6.5%, and free cash flow of $300–$500 million.

Key takeaways

  • Management described demand from the U.S. Navy and allied customers as strong and cited a $50 billion contract pipeline.
  • Operational priorities include a $250 million annual cost-reduction program, workforce hiring, higher throughput, and increased outsourcing.
  • The W International acquisition adds about 500 skilled workers and a 480,000-square-foot facility.
  • Key execution risks include labor shortages, inflation, supply-chain volatility, submarine-program cost pressure, and lumpy cash flow.

Management priorities

  • Improve shipyard throughput and efficiency
  • Hire experienced shipbuilders and expand the Charleston facility
  • Execute the $250 million annual cost-reduction program
  • Increase outsourcing while insourcing critical contract labor
  • Advance DDG, Virginia-class submarine, and aircraft-carrier programs

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Earnings History

Estimate Beat Miss Match
HII REVENUE earnings history estimate and actual scatter chart 9 reported fiscal quarters and 3 future estimate-only quarters. Q1 '24 estimate $3B Q1 '24 actual $3B, beat Q2 '24 estimate $3B Q2 '24 actual $3B, beat Q3 '24 estimate $3B Q3 '24 actual $3B, miss Q2 '25 estimate $3B Q2 '25 actual $3B, beat Q3 '25 estimate $3B Q3 '25 actual $3B, beat Q4 '25 estimate $3B Q4 '25 actual $3B, beat Q1 '26 estimate $3B Q1 '26 actual $3B, beat Q2 '26 estimate $3B Q2 '26 actual $3B, beat Q3 '26 estimate $3B Q4 '26 estimate $3B Q1 '27 estimate $3B
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Analyst Consensus ?

ConsensusHold27 ratings
Bullish1140.7%
Neutral1555.6%
Bearish13.7%

Analyst 52W Price Targets

$272Previous close
$215Low
$297.27Average
$439High

Latest persisted target per named analyst; persisted previous close from FN2's market snapshot as of Oct 19, 2026. Not an FN2 forecast.

Firm-level rating actions

FMP grade actions identify the grading firm, not a named analyst.

FirmRatingPrior ratingActionDate
Bernstein Market Perform Market PerformMaintainOct 14, 2026
TD Cowen Buy BuyMaintainOct 9, 2026
Wells Fargo Equal Weight Equal WeightMaintainAug 4, 2026
Citigroup Buy BuyMaintainJul 31, 2026
B of A Securities Neutral UnderperformUpgradeFeb 12, 2026
Show 22 more rating actions

Named analyst price targets

Upside is calculated against the persisted previous close $272. FMP does not supply a rating on these named-analyst rows.

FirmAnalyst52W targetPrice when postedUpsideDate
BernsteinAnalyst unavailable$307$257.84 +12.9%Oct 14, 2026
Goldman SachsAnalyst unavailable$439$267.07 +61.4%Oct 1, 2026
BernsteinAnalyst unavailable$327$270.95 +20.2%Sep 23, 2026
BernsteinAnalyst unavailable$341$294.63 +25.4%Aug 25, 2026
BernsteinAnalyst unavailable$337$271.05 +23.9%Jul 17, 2026
See 15 more

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Company context

Snapshot as of publication

Huntington Ingalls Industries, Inc. (HII) stands as a prominent American enterprise specializing in the comprehensive lifecycle management of military vessels, encompassing their design, construction, modernization, and maintenance. The company's diverse operations are segmented into three core divisions: Ingalls Shipbuilding, Newport News Shipbuilding, and Technical Solutions. HII is a primary builder of non-nuclear ships, delivering amphibious assault ships, expeditionary warfare vessels, surface combatants, and national security cutters to both the U.S. Navy and U.S. Coast Guard. Furthermore, it plays a critical role in providing nuclear-powered ships, including aircraft carriers and submarines, along with essential associated services such as refueling, extensive overhauls, and inactivation procedures.…

Historical context

All HII earnings

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FAST Fastenal Company FY2026 Q3 · Calendar Q4 2026 +3.3% +1.1% Fastenal Q3: Share Gains and Digital Adoption Lift Growth

Latest beats and misses

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Sources

  1. Earnings call transcript and parsed analysis · 2026-05-11T10:29:34.698584+00:00
  2. FN2 earnings calendar · 2025-01-23T00:02:36.799981+00:00
  3. Polygon adjusted daily market bars · 2026-10-19T08:40:43.849798+00:00
  4. Financial Modeling Prep analyst price-target consensus and quote snapshot · 2026-10-19T08:40:43.847164+00:00

Methodology

Reported and consensus figures come from FN2's earnings event records. Market reaction and volume are calculated from daily adjusted bars around the event; abnormal move subtracts the SPY move over the same window.

Analyst target low, average, and high values are derived at request time from each named analyst's latest persisted FMP target. The current-price marker comes from FN2's persisted market snapshot. They are sell-side estimates, not an FN2 valuation or recommendation.

Transcript intelligence is a structured synthesis of the current and prior earnings-call analyses. Missing values stay missing and are never estimated.

By FN2 Research · Updated · As of 2026-10-19. For educational purposes only; not investment advice.