Huntington Ingalls Industries FY23 Outlook Update: Now Sees Shipbuilding Revenue Of $8.5B-$8.6B (Prior $8.4B-$8.6B); Mission Technologies Revenue Of $2.55B From $2.5BB; Raised Free Cash Flow Expectation From $400M-$450M To ~$500M
Portfolio Pulse from Benzinga Newsdesk
Huntington Ingalls Industries has updated its FY23 outlook, raising its shipbuilding revenue guidance from $8.4B-$8.6B to $8.5B-$8.6B and its Mission Technologies revenue from $2.5B to $2.55B. The company also increased its free cash flow expectation from $400M-$450M to approximately $500M.
November 02, 2023 | 11:42 am
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Huntington Ingalls Industries has raised its FY23 revenue and free cash flow guidance. This could indicate a positive outlook for the company's performance.
The company has raised its revenue and free cash flow guidance for FY23, which suggests that it expects better performance in the future. This could lead to a positive impact on the company's stock price in the short term.
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