Huntington Ingalls Industries Inc. reported its first quarter 2025 results, showing a decrease in total revenues to $2.7 billion, down 2.5% from the same period in 2024. The decline was attributed to lower volumes at Newport News Shipbuilding, Ingalls Shipbuilding, and Mission Technologies. Net earnings for the quarter were $149 million, with diluted earnings per share at $3.79, reflecting a 2.6% decrease from the previous year. Notably, Newport News Shipbuilding's revenues fell to $1.4 billion, a decline of $38 million or 2.6%, mainly due to reduced volumes in aircraft carriers and naval vessels. Ingalls Shipbuilding also experienced a revenue decrease, down $18 million or 2.7%, primarily driven by lower volumes in amphibious assault ships. Despite the revenue decline, operating income improved to $161 million, with an operating margin of 5.9%, up from 5.5% in the first quarter of 2024. This increase was primarily driven by more favorable segment results. The company announced new contract awards totaling $2.1 billion, contributing to a backlog of $48 billion. Huntington Ingalls Industries Inc. reaffirmed its previously issued financial guidance for the year.
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