Huntington Ingalls Industries (HII) Revenue — Quarter Ended Sep 30, 2023
Revenue increased during the quarter. Both the three-month and trailing twelve-month periods showed growth.
Key takeaway
Quarter ended Sep 30, 2023 · FY2023 Q3
Revenue increased during the quarter. Both the three-month and trailing twelve-month periods showed growth.
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
+1.0%
Change from the immediately preceding quarter.
Year-over-year
+7.2%
Change from the comparable year-ago quarter.
Trailing four quarters
$11.1B
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 |
|---|---|---|
| Dec 31, 2022 | $2.8B | +5.0% |
| Mar 31, 2023 | $2.7B | +3.8% |
| Jun 30, 2023 | $2.8B | +4.7% |
| Sep 30, 2023 | $2.8B | +7.2% |
Revenue performance
Total sales and service revenues improved, driven by higher product and service revenue contributions compared to the prior year period.
Quarterly comparison
The reported revenue was higher than both the immediately preceding quarter and the same three-month period one year earlier.
What to watch
Monitor trends in trade working capital, which consumed cash in the first nine months despite improving versus the prior year.