Huntington Ingalls Industries (HII) Revenue — Quarter Ended Sep 30, 2024
Revenue decreased compared to the prior quarter and declined relative to the same period a year ago. The sequential and year-over-year contractions reflect lower sales in the current reporting period.
Key takeaway
Quarter ended Sep 30, 2024 · FY2024 Q3
Revenue decreased compared to the prior quarter and declined relative to the same period a year ago. The sequential and year-over-year contractions reflect lower sales in the current reporting period.
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
-7.7%
Change from the immediately preceding quarter.
Year-over-year
-2.4%
Change from the comparable year-ago quarter.
Trailing four quarters
$11.7B
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, 2023 | $3.2B | +13.0% |
| Mar 31, 2024 | $2.8B | +4.9% |
| Jun 30, 2024 | $3B | +6.8% |
| Sep 30, 2024 | $2.7B | -2.4% |
Revenue performance
Total sales and service revenues fell from both the immediately preceding quarter and the year-ago quarter. Product sales declined, while service revenues remained relatively flat sequentially.
Quarterly comparison
Compared with the preceding quarter, revenue declined by a mid-single-digit percentage. Versus the same quarter last year, the decrease was a low-single-digit percentage.
What to watch
Monitor cost trends, as cost of product sales as a proportion of product sales was higher in the current quarter versus the prior year's same quarter.