Huntington Ingalls Industries, Inc. has recently released its 10-Q report, providing insights into the company's financial performance and operations. The company is a major player in the defense industry, specializing in designing, building, overhauling, and repairing military ships for the U.S. Navy and U.S. Coast Guard. It operates through three segments: Ingalls, Newport News, and Mission Technologies, with a focus on both non-nuclear and nuclear ships, as well as providing various naval nuclear support services and mission technologies.
In the 10-Q report, Huntington Ingalls Industries, Inc. emphasized its role as a global, all-domain defense partner, highlighting its significant contribution to building and delivering powerful naval ships and technologies that safeguard America’s seas, sky, land, space, and cyber. The company operates as the largest shipbuilder in the U.S., with its Ingalls Shipbuilding segment in Mississippi and Newport News Shipbuilding segment in Virginia having built more ships in more ship classes than any other U.S. naval shipbuilder.
The report also delves into the company's financial performance, with sales and service revenues for the three months ended September 30, 2025, increasing by $443 million, or 16%, compared to the same period in 2024. For the nine months ended September 30, 2025, sales and service revenues increased by $477 million, or 6%, compared to the same period in 2024. Operating income for the same periods also showed significant growth, with operating income for the three months ended September 30, 2025, increasing by 96% compared to the same period in 2024, and operating income for the nine months ended September 30, 2025, increasing by 14% compared to the same period in 2024.
The report further discusses the company's business environment, highlighting the uncertainties in the federal budget environment and the global geopolitical and economic environment, which continue to pose significant long-term risks. The company also provided insights into the defense spending environment, including details about the President's topline recommendations on discretionary funding levels for fiscal year 2026 and the funding provided for shipbuilding and the maritime industrial base.
Additionally, the report offers a comprehensive overview of the company's critical accounting policies, estimates, and judgments, emphasizing areas such as revenue recognition, retirement-related benefit plans, and workers' compensation. It also provides a detailed analysis of the consolidated operating results, including net cumulative catch-up revenue adjustments, cost of product sales and service revenues, income from operating investments, net, and general and administrative expenses.
Today the company's shares have moved -0.24% to a price of $298.42. Check out the company's full 10-Q submission here.
