HII reports Q4 EPS $6.90, consensus $4.28

Reports Q4 revenue $3.177B, consensus $2.78B. “2023 was a strong year for HII. We continue to invest both in our shipyards and in IRAD to both expand capacity and develop new products and solutions for our customers. Our growth rate for the year of over 7% and our free cash flow generation at almost $700M illustrate that we are entering a period of accelerated growth and increased free cash flow generation at HII,” said Chris Kastner, HII’s president and CEO. “Looking ahead, over the next 5 years we expect growth of over 4% and cash generation of $3.6B. Our expectations are grounded in the assumption we must deliver on our commitments to our customers.”