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Income Statement (USD)
| Q2 '24 | QoQ | |
|---|---|---|
| Revenue | 2.98B | 6.1% |
| Gross Profit | 2.72B | 6.9% |
| Cost of Revenue | 255M | 1.5% |
| Operating expense | 255M | 0.4% |
| Net Income | 173M | 13.1% |
| EBITDA | 267M | 15.1% |
Balance Sheet (USD)
| Q2 '24 | QoQ | |
|---|---|---|
| Total Assets | 11.3B | 1.3% |
| Total Liabilities | 7.13B | 1.3% |
| Total Equity | 4.18B | 1.3% |
| Shares Outstanding | 39M | 0.6% |
Cash Flow (USD)
| Q2 '24 | QoQ | |
|---|---|---|
| Cash from operations | -9M | 95.5% |
| Cash from investing | -91M | 28.2% |
| Cash from financing | 101M | 168.7% |
EPS
Financial Highlights for Huntington Ingalls Industries in Q2 '24
Huntington Ingalls Industries reported a revenue of 2.98B, which is a 6.1% change from the previous quarter. An increase in revenue typically indicates growing demand for the company's products or services. This positive change in revenue is a good sign, suggesting that the company's sales are moving in the right direction.
Gross Profit stood at 2.72B, marking a 6.9% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 255M, a -1.5% difference from the previous quarter. A rising cost of revenue may suggest increased production or sales costs, which can impact margins. However, if accompanied by a proportionate rise in revenue, it could indicate scaling operations.
Operating Expenses for this period were 255M, showing a -0.4% change from the last quarter. Operating expenses cover the costs of running daily business operations. A significant increase might indicate inefficiencies or investments in growth, while a decrease could suggest cost-saving measures or potential underinvestment in key areas.
Net Income for the quarter was 173M, showing a 13.1% change from the prior quarter. Net income provides a clear picture of the company's profitability after all expenses. An increase suggests the company is becoming more profitable, while a decrease may raise concerns about the company's financial health, unless there are specific one-time costs or investments.
The company's EBITDA for the quarter was 267M, showing a 15.1% change from the previous period. EBITDA gives insight into the company's operational profitability, excluding non-operating expenses like interest and taxes. A rising EBITDA indicates strong operational performance, while a declining EBITDA may signal operational challenges or increased costs.
It was a positive quarter for Huntington Ingalls Industries with growth in revenue, gross profit, and net income.
