Huntington Ingalls Industries (HII) Revenue — Quarter Ended Mar 31, 2023
Revenue for the quarter decreased compared to the immediately preceding quarter. However, it increased relative to the same quarter one year earlier.
Key takeaway
Quarter ended Mar 31, 2023 · FY2023 Q1
Revenue for the quarter decreased compared to the immediately preceding quarter. However, it increased relative to the same quarter one year earlier.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$2.7B
Revenue reported for this quarter.
Quarter-over-quarter
-4.9%
Change from the immediately preceding quarter.
Year-over-year
+3.8%
Change from the comparable year-ago quarter.
Trailing four quarters
$10.8B
Sum of the latest four reported quarters.
Quarterly revenue trend
The latest four reported quarters with year-over-year comparisons.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Jun 30, 2022 | $2.7B | +19.3% |
| Sep 30, 2022 | $2.6B | +12.3% |
| Dec 31, 2022 | $2.8B | +5.0% |
| Mar 31, 2023 | $2.7B | +3.8% |
Revenue performance
The reported revenue direction for this quarter is down sequentially but up on a year-over-year basis.
Quarterly comparison
Compared with the immediately preceding quarter, revenue declined. Compared with the same quarter one year earlier, revenue rose.
What to watch
The sequential decline marks the first quarter-over-quarter drop after several consecutive increases.