Huntington Ingalls Industries, Inc. · NYSE:HII
Huntington Ingalls Industries — Q1 2012 Earnings Presentation
9 slides from Huntington Ingalls Industries's earnings presentation, May 9, 2012
Slide 1: Q1 2012 Earnings Presentation
Exhibit 99.2 Q1 2012 Earnings Presentation May 9, 2012 Mike Petters President and Chief Executive Officer Barb Niland Corporate Vice President, Business Management & Chief Financial Officer
Slide 2: Safe Harbor
Safe Harbor Statements in this presentation, other than statements of historical fact, constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements involve risks and uncerta inties that could cause our actual results t
Slide 3: Highlights from the First Quarter 2012
Highlights from the First Quarter 2012 Diluted EPS of $0.67 for the first quarter Total operating margin was 5.1%, up from 5.0% for the same period 2011 Newport News operating margin was 9.1%, up from 7.1% in the first quarter 2011 Ingalls operating margin was 2.9%, up from 2.2% in first quarter 201
Slide 4: First Quarter 2012 Consolidated Results
First Quarter 2012 Consolidated Results
Slide 5: Ingalls Shipbuilding
Ingalls Shipbuilding ?Ingalls Q1 sales were down YoY due to lower volumes on NSC and LPD programs due to 2011 delivery of NSC-3 and LPD-22 ?Q1 segment operating income was up YoY driven by the delivery of LPD-22
Slide 6: Newport News Shipbuilding
Newport News Shipbuilding ?Newport News sales were down in Q1 as?compared to Q1 2011 due to lower volumes on Roosevelt RCOH and the VCS program, offset by higher volumes on Kennedy and Lincoln RCOH ?Segment operating income and margin?increased due to unfavorable performance adjustments on the Ford
Slide 7: Appendix
Appendix H
Slide 8: Reconciliations
Reconciliations We make reference to “segment operating income.” Segment operating income is defined as operating income before net pension and post-retirement benefits adjustment and deferred state income taxes. Segment operating income is one of the key metrics we use to evaluate operatin g perfor
Slide 9: Reconciliation of Non-GAAP Measure – Segment Operating Income
Reconciliation of Non-GAAP Measure – Segment Operating Income Three Months Ended $ in millions March 31, 2012 2011 Sales and Service Revenues $ 692 Ingalls $ 761 Newport News 895 $ 940 Intersegment eliminations(19)(17) Total sales and service revenues $ 1,568 $ 1,684 Operating Income (Loss) $ 20 Ing
Huntington Ingalls Industries — Q1 2012 Earnings Presentation on 6ix