Huntington Ingalls FY 2015, 4Q Earnings Below Wall Street Outlook; Full-Year Margin Hits Post-Northrop Spin Goal

Huntington Ingalls Industries (NYSE: HII) — one of 30 companies listed in Executive Mosaic’s GovCon Index — has reported earnings of $8.36 per share for the full 2015 calendar year to fall below Wall Street analysts forecasts of $8.99.

Full 2015 net income rose 19.52 percent year-over-year to $404 million from 2014 with fourth quarter profit at a decline of 3.84 percent from the same period last year.

The Newport News, Virginia-based shipbuilder stated its 2015 operating margin as 11 percent, a figure up from 9.4 percent last year and one that tops a 9-percent goal the company set in 2011 upon its spinoff from former owners Northrop Grumman (NYSE: NOC) into what now operates as Huntington Ingalls.

Revenue for 2015 came in as $7.02 billion to show a 1-percent increase from the 2014 figure and fourth quarter sales totaled $1.9 billion to show a 1.55-percent year-over-year decline.

Wall Street analysts expected the company to report $7 billion in revenue for the full year and $1.88 billion for the fourth quarter.

As of Wednesday’s close, shares in Huntington Ingalls had risen 6.31 percent from the year’s start and were up 7.45 percent over 12 months.

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