Huntington Ingalls Industries, Inc. · NYSE:HII
Huntington Ingalls Industries — Q3 2026 Earnings Presentation
16 slides from Huntington Ingalls Industries's earnings presentation, Oct 29, 2026
Slide 1: Q3 2026 Earnings Call
Q3 2026 Earnings Call Chris Kastner President and CEO Tom Stiehle EVP and CFO Andy Green EVP and President, Mission Technologies October 29, 2026
Slide 2: Cautionary Statement Regarding Forward-looking Statements
Cautionary Statement Regarding Forward-looking Statements Statements in this presentation, as well as other statements we may make from time to time, other than statements of historical fact, constitute "forward- looking statements" within the meaning of the Private Securities Litigation Reform Act
Slide 3: Q3 2026 Highlights
Q3 2026 Highlights Q3 2026 RESULTS AWARDS & VISIBILITY ~11% $32.4B 2.4x Q3 2026 Revenue Growth YoY Increasing 2026 Revenue Contract Q3 2026 Mission Technologies Book-to-Bill Guidance Awards In Q3 2026 Key Q3 Contract Awards Execution Progress ROMULUS Medium Unmanned Surface Vessel (MUSV) CVN 79, Joh
Slide 4: HII Q3 2026 Revenue
HII Q3 2026 Revenue CONSOLIDATED REVENUE ($M) REVENUE BY SEGMENT Three Months Ended September 30 $3,537 ($M) 2025 2026 % Change $3,192 Ingalls Shipbuilding 828 876 5.8% Newport News Shipbuilding 1,617 1,910 18.1% Mission Technologies 787 792 0.6% Eliminations (40) (41) - Q325 Q326 Total 3,192 3,537
Slide 5: HII Q3 2026 Segment Operating Income
HII Q3 2026 Segment Operating Income1 SEGMENT OPERATING INCOME 1 ($M) & MARGIN 1 % SEGMENT OPERATING INCOME 1 BY SEGMENT Three Months Ended September 30 $262 ($M) 2025 2026 % Change Ingalls Shipbuilding 65 59 (9.2%) $179 7.4% Newport News 6.1% Shipbuilding 80 9.8% 132 65.0% 5.6% Mission Technologies
Slide 6: HII Q3 2026 Capital Deployment
HII Q3 2026 Capital Deployment FREE CASH FLOW1 ($M) $600 $520 $500 $429 $400 $300 $200 $118 $100 $16 $0 ($100) ($102) ($91) ($200) Q325 Q326 Cash Provided By Ops. CAPEX Free Cash Flow1 $2.1B $91M $54M None Liquidity at quarter end; Net capital expenditures; Q3 2026 dividends No shares repurchased in
Slide 7: HII Outlook
HII Outlook1 FY26 OUTLOOK 1 FY26 Outlook1 HII Medium Term2 Revenue Growth of ~6% Shipbuilding Revenue $10.5B - $10.7B • Shipbuilding medium term2 revenue growth of ~6% • Additional upside from recently announced frigate and battleship Shipbuilding Operating Margin3 6.0% - 6.5% • Mission Technologies
Slide 8: Appendix
Appendix Q3 2026 EARNINGS 8
Slide 9: Non-GAAP Information
Non-GAAP Information This earnings presentation contains non-GAAP (accounting principles generally accepted in the United States of America) financial measures as defined by SEC Regulation G and indicated by a footnote in the text of this presentation. Definitions for the non-GAAP measures, and rela
Slide 10: Non-GAAP Reconciliations: Segment Operating Income & Segment Operating Margin
Non-GAAP Reconciliations Segment Operating Income & Segment Operating Margin Three Months Ended Nine Months Ended September 30 September 30 ($ in millions) 2026 2025 2026 2025 Ingalls revenues 876 828 2,446 2,189 Newport News revenues 1,910 1,617 5,424 4,616 Mission Technologies revenues 792 787 2,3
Slide 11: Non-GAAP Reconciliations: Shipbuilding Operating Margin
Non-GAAP Reconciliations Shipbuilding Operating Margin Three Months Ended Nine Months Ended September 30 September 30 ($ in millions) 2026 2025 2026 2025 Sales and service revenues 3,537 3,192 10,054 9,008 Mission Technologies (792) (787) (2,300) (2,313) Intersegment eliminations 41 40 116 110 Shipb
Slide 12: Non-GAAP Reconciliations: Free Cash Flow
Non-GAAP Reconciliations Free Cash Flow Three Months Ended Nine Months Ended September 30 September 30 ($ in millions) 2026 2025 2026 2025 Net cash provided by operating activities 520 118 99 546 Less capital expenditures: Capital expenditure additions (95) (105) (288) (268) Grant proceeds for capit
Slide 13: Non-GAAP Reconciliations: Mission Technologies EBITDA & EBITDA Margin
Non-GAAP Reconciliations Mission Technologies EBITDA & EBITDA Margin Three Months Ended Nine Months Ended September 30 September 30 ($ in millions) 2026 2025 2026 2025 Mission Technologies sales and service revenues 792 787 2,300 2,313 Mission Technologies segment operating income 71 34 161 110 Miss
Slide 14: Pension Outlook
Pension Outlook ($ in millions) 2025 20263 20273 5.98% 5.72% 6.90% Pension Discount Rate Change from prior est. Change from prior est. N/A 118 Bps Expected Long-Term Return on Assets 7.90% N/A 10.7% 1.7%4 Actual Return on Assets through 9/30/26 $1 ($3) ($1) CAS Recoveries Over/(Under) Cash Contribut
Slide 15: 2027 Net Pension & PRB Income Sensitivities ($M)
2027 Net Pension & PRB Income Sensitivities ($M) 2026 Actual Asset Return1 FAS(3) 0.0% 2.0% 3.8% 5.0% 7.0% -75 bps (19) 7 29 44 67 -25 bps 12 36 57 66 77 Discount 0 bps 25 49 60 66 77 Rate +25 bps 37 50 59 66 76 Movement2 +75 bps 39 49 59 66 80 +118 bps 39 50 62 70 85 +150 bps 42 56 69 78 92 +175 bp
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