Huntington Ingalls Industries (HII) Revenue — Quarter Ended Jun 30, 2023
Revenue for the quarter rose year over year and also increased compared to the immediately preceding quarter. The sequential growth continued a pattern of solid top-line performance.
Key takeaway
Quarter ended Jun 30, 2023 · FY2023 Q2
Revenue for the quarter rose year over year and also increased compared to the immediately preceding quarter. The sequential growth continued a pattern of solid top-line performance.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$2.8B
Revenue reported for this quarter.
Quarter-over-quarter
+4.2%
Change from the immediately preceding quarter.
Year-over-year
+4.7%
Change from the comparable year-ago quarter.
Trailing four quarters
$10.9B
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 |
|---|---|---|
| Sep 30, 2022 | $2.6B | +12.3% |
| Dec 31, 2022 | $2.8B | +5.0% |
| Mar 31, 2023 | $2.7B | +3.8% |
| Jun 30, 2023 | $2.8B | +4.7% |
Revenue performance
Revenue grew both from the same quarter last year and from the prior quarter. The year-ago comparison shows a moderate expansion, while the sequential increase reflects continued momentum.
Quarterly comparison
Compared with the previous quarter, revenue increased, and against the same quarter one year ago, revenue was also higher. The trailing twelve-month revenue reached a new high for the period covered.
What to watch
Despite revenue growth, operating income declined compared to the prior-year period, warranting attention to cost trends.