HUNTINGTON INGALLS INDUSTRIES, INC. (HII) [Rocket]

In millions, except per share items	Jun-30-23	Jun-30-22	Mar-31-22	Dec-31-21	Sep-30-21	Jun-30-21	Mar-31-21	Dec-31-20
	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K
Revenues:
Mission Technologies	645	600	590			179	259
Ingalls	664	658	631	410	586	670	649	752
Other	1,478	1,404	1,355	2,267	1,752	1,382	1,370	2,005
Total revenues	2,787	2,662	2,576	2,677	2,338	2,231	2,278	2,757
Revenue growth [+]	4.7%	19.3%	13.1%	-2.9%	1.0%	10.1%	0.7%	14.3%
Mission Technologies	7.5%	235.2%	127.8%
Ingalls	0.9%	-1.8%	-2.8%	-45.5%	-5.9%	18.8%	3.2%	7.1%
Technical Solutions				-18.7%	5.0%			29.7%
Cost of goods sold	2,392	2,243	2,221	2,295	1,994	1,899	1,925	2,196
Gross profit	395	419	355	382	344	332	353	561
Gross margin	14.2%	15.7%	13.8%	14.3%	14.7%	14.9%	15.5%	20.3%
Selling, general and administrative [+]	238	227	217	262	226	204	206	256
General and administrative	238	227	217	262	226	204	206	256
Equity in earnings	4	27	7	10	11	12	8	13
Other operating expenses	1	1
EBITDA [+]		305	232	221	203	203	220	388
EBITDA growth	-47.5%	50.2%	5.5%	-43.0%	-29.3%	63.7%	-21.1%	34.7%
EBITDA margin	5.7%	11.5%	9.0%	8.3%	8.7%	9.1%	9.7%	14.1%
Depreciation		52	52	53	52	50	52	55
EBITA	160	253	180	168	151	153	168	333
EBITA margin	5.7%	9.5%	7.0%	6.3%	6.5%	6.9%	7.4%	12.1%
Amortization of intangibles		35	35	38	22	13	13	15
EBIT [+]	160	218	145	130	129	140	155	318
EBIT growth	-26.6%	55.7%	-6.5%	-59.1%	-43.4%	118.8%	-29.9%	43.2%
EBIT margin	5.7%	8.2%	5.6%	4.9%	5.5%	6.3%	6.8%	11.5%
Interest expense	24	26	26	26	24	18	21	46
Interest expense	24	26	26	26	24	18	21	46
Other income (expense), net [+]	33	30	57	43	36	39	39	31
Other		-10	1	20	-2	2	-3	14
Pre-tax income	169	222	176	147	141	161	173	303
Income taxes	39	44	36	27	-6	32	25	54
Tax rate	23.1%	19.8%	20.5%	18.4%		19.9%	14.5%	17.8%
Net income	130	178	140	120	147	129	148	249
Net margin	4.7%	6.7%	5.4%	4.5%	6.3%	5.8%	6.5%	9.0%

Basic EPS [+]	$3.27	$4.44	$3.50	$2.98	$3.65	$3.20	$3.68	$6.13
Growth	-26.4%	38.7%	-4.9%	-51.4%	-33.3%	145.8%	-12.9%	70.4%
Diluted EPS [+]	$3.27	$4.44	$3.50	$2.98	$3.65	$3.20	$3.68	$6.13
Growth	-26.4%	38.7%	-4.9%	-51.4%	-33.1%	145.8%	-12.9%	70.4%

Dividends per share [+]	$1.24	$1.18	$1.18	$1.18	$1.14	$1.14	$1.14	$1.14
Growth	5.1%	3.5%	3.5%	3.5%	10.7%	10.7%	10.7%	10.7%

Shares outstanding (basic) [+]	40	40	40	40	40	40	40	41
Growth	-0.7%	-0.5%	-0.5%	-0.7%	-0.7%	-1.0%	-1.2%	-1.9%
Shares outstanding (diluted) [+]	40	40	40	40	40	40	40	41
Growth	-0.7%	-0.5%	-0.5%	-0.7%	-1.0%	-1.0%	-1.2%	-1.9%

EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.