Huntington Ingalls beats quarterly profit estimates, lifts forecasts for key segments

Reuters
2025/10/30
Huntington Ingalls beats quarterly profit estimates, lifts forecasts for key segments

Oct 30 (Reuters) - U.S. military shipbuilder Huntington Ingalls HII.N posted third-quarter profit above Wall Street expectations on Thursday, amid robust demand for aircraft carriers and submarines, sending its shares up 6.9% in premarket trading.

The company also raised the lower end of its full-year revenue forecast to $9 billion for its shipbuilding segment and $3 billion for its mission technologies unit.

It had previously projected a revenue range of $8.9 billion to $9.1 billion for shipbuilding and $2.9 billion to $3.1 billion for mission technologies.

Huntington, a prime contractor for the U.S. Navy's nuclear-powered Columbia-class submarines, has seen booming demand in the face of escalating geopolitical tensions.

The company could also see a boost from U.S. President Donald Trump's attempt to revitalize American shipbuilding in a bid to deter China.

"We have continued to see early signs that targeted investments are helping to strengthen our workforce and build a more robust maritime supply chain in support of higher shipbuilding throughput," CEO Chris Kastner said.

Huntington's third-quarter profit came in at 3.82 per share, above analysts' average estimate of $3.36, according to data compiled by LSEG.

Its sales and services revenue was $3.19 billion in the quarter, up 16.1% but below expectations of $2.96 billion.

(Reporting by Utkarsh Shetti and Abhinav Parmar in Bengaluru; Editing by Anil D'Silva)

((UtkarshUmesh.Shetti@thomsonreuters.com;))

应版权方要求,你需要登录查看该内容

免责声明:投资有风险,本文并非投资建议,以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请,作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考,不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证,投资者应自行研究并在投资前寻求专业建议。

热议股票

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10