Huntington Ingalls Industries (HII) Revenue — Quarter Ended Jun 30, 2024
Revenue for the quarter rose compared with the immediately preceding quarter. Compared with the same quarter a year earlier, revenue was also higher.
Key takeaway
Quarter ended Jun 30, 2024 · FY2024 Q2
Revenue for the quarter rose compared with the immediately preceding quarter. Compared with the same quarter a year earlier, revenue was also higher.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$3B
Revenue reported for this quarter.
Quarter-over-quarter
+6.1%
Change from the immediately preceding quarter.
Year-over-year
+6.8%
Change from the comparable year-ago quarter.
Trailing four quarters
$11.8B
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 |
|---|---|---|
| Sep 30, 2023 | $2.8B | +7.2% |
| Dec 31, 2023 | $3.2B | +13.0% |
| Mar 31, 2024 | $2.8B | +4.9% |
| Jun 30, 2024 | $3B | +6.8% |
Revenue performance
Both product sales and service revenues contributed to the overall revenue increase.
Quarterly comparison
Revenue increased from the prior quarter, and the year-over-year comparison also showed a gain, with the growth rate broadly similar to the sequential increase.
What to watch
Cash flow from operations turned negative, driven by a significant increase in trade working capital.