{
  "id": 27031,
  "title": "HII Reports Second Quarter 2026 Results",
  "url": "https://urgent.news/2026/07/31/hii-reports-second-quarter-2026-results",
  "topic": "business",
  "section": "Business",
  "published": "2026-07-31T21:00:43.000Z",
  "source": {
    "name": "Hellenic Shipping News",
    "slug": "hellenic-shipping-news",
    "url": "https://www.hellenicshippingnews.com/hii-reports-second-quarter-2026-results/"
  },
  "original_language": "en",
  "account": "HII disclosed its fiscal 2026 second quarter results. Second quarter revenues totaled $3.4 billion, marking a 10.9% increase from the prior year. Net earnings reached $208 million, or $5.27 per diluted share, up from $152 million in Q2 2025. The company raised its FY26 shipbuilding revenue guidance between $10.2 and $10.4 billion. Operating income increased to $210 million, up 12.6% year-over-year, with an operating margin of 6.1%, an improvement from 5.3% in the previous quarter. Segment operating income grew to $224 million, representing a 30.8% increase, and segment operating margin rose to 6.6%, up from 5.6%. Net cash used in operating activities was $31 million, while free cash flow remained negative at $150 million. New contract awards amounted to $6.7 billion, boosting the total backlog to $57.3 billion as of June 30, 2026. HII's president and CEO, Chris Kastner, remarked on the company's progress in achieving its shipbuilding throughput improvement goal of 15%.",
  "summary": "HII reported results for the second quarter of fiscal 2026. Highlights • Second quarter revenues were $3.4 billion • Second quarter net earnings were $208 million or $5.27 diluted earnings per share • Company raises the FY26 shipbuilding revenue guidance range to between $10.2 and $10.4 billion1 • Company raises the low end of the ...",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}