Industries Reports News

Huntington Ingalls Industries'  reports that its Newport News Shipbuilding division has successfully completed anchor testing on the aircraft carrier Gerald R. Ford (CVN 78), bringing the ship closer to its 2016 delivery to the U.S. Navy. Ford's new anchor system features a lighter anchor and chain, weighing in at half the weight of the previous Nimitz-class carriers' anchor systems. Newport News shipbuilders recently gathered to test Ford's anchor windlass system that is used to deploy and retrieve the anchor and chain. Load tests are performed by attaching additional weight to the anchor to simulate both a 180-foot drop and a 360-foot drop. The anchor handling system must be ready to deploy at a moment's notice in the event of an emergency.

Huntington Ingalls Industries reports Fourth Quarter & Year 2013 financial results with increased revenues in each period. Segment operating income in the fourth quarter was $169 million, compared to $140 million in the same period last year, mainly driven by improved contract performance. Total operating income for the quarter was $174 million, compared to $106 million in the same period of 2012. This increase was primarily attributable to increased segment operating income and favorable variances in deferred state income taxes and the FAS/CAS Adjustment.

United Arab Shipping Company (UASC) has placed orders worth over $2 billion for very large container ships with South Korea's Hyundai Heavy Industries., reports Trade Arabia. UASC has ordered five vessels of 18,000 twenty-foot equivalent units (TEU) each, and five 14,000 TEU vessels. The ships are to be delivered starting in late 2014. In addition, UASC has signed options to buy one additional 18,000 TEU vessel and six 14,000 TEU ships. The price tag of over $2 billion includes those options says Trade Arabia, citing the shipowners. Source: Trade Arabia

Huntington Ingalls Industries reported first quarter 2013 revenues of $1.56 billion, relatively flat compared to the same period last year. Segment operating income for the first quarter was $120 million, compared to $101 million in the same period last year. Total operating income for the quarter was $95 million, compared to $80 million in the same period last year. Pension-adjusted operating income for the first quarter was $118 million, or 7.6 percent of revenue, compared to $97 million, or 6.2 percent of revenue, in the comparable period of 2012.

Huntington Ingalls Industries (NYSE: HII) reported fourth quarter 2012 revenues of $1.82 billion, up 5.1 percent from the same period last year. Segment operating income for the fourth quarter was $140 million, compared to $127 million in the same period last year. Total operating income for the fourth quarter was $106 million, compared to $121 million in the same period last year. Pension-adjusted total operating income for the fourth quarter was $131 million, or 7.2 percent of revenue…

Huntington Ingalls Industries reports third quarter 2012 revenues of $1.60 billion, up 0.2 percent from the same period last year. Segment operating income in the quarter was $89 million, with a segment operating margin of 5.6 percent, compared to a loss of $187 million in the same period last year. Total operating income for the quarter was $66 million, compared to a loss of $190 million in the same period of 2011. The increase was primarily attributable to the absence in 2012 of the goodwill impairment charge recorded in 2011. Total operating margin was 4.1 percent for the quarter. Cash provided by operating activities in the third quarter was $137 million, down $95 million from the same period last year.

Huntington Ingalls Industries Reports Strong Second Quarter Results; Significant Progress on Key Programs. Huntington Ingalls Industries (NYSE:HII) reported second quarter 2012 revenues of $1.72 billion, up 10.1 percent from the same period last year, and segment operating margin of 7.4 percent, up from 6.3 percent in Q2 2011. Total operating margin was 6.2 percent, up 34 basis points from the second quarter of last year, and second quarter diluted earnings per share was $1.00, compared with $0.80 in the same period of 2011, an increase of $0.20. Cash provided by operating activities in the second quarter of 2012 was $151 million, $35 million less than the same period last year.

Conrad Industries, Inc. has announced its fourth quarter and twelve months 2011 results and the addition of new business during the first quarter totaling $61.8 million. New business added during the first quarter of 2012 includes the signing of new contracts and sales of stock barges which brings estimated current backlog to approximately $68.7 million, compared to $47.1 million at December 31, 2011, $112.3 million at March 31, 2011, and $89.5 million at December 31, 2010. New contracts added during the first quarter of 2012 include four 297'6"x 54'x 12' 30,000 bbl. tank barges, a 245'x 48'x 12'LPG tank barge, a 260'x 72'x 16' ocean deck barge…

NEWPORT NEWS, Va., May 11, 2011 (GLOBE NEWSWIRE) -- Huntington Ingalls Industries, Inc. (NYSE:HII) reported first quarter 2011 sales of $1.68 billion, down 1.6 percent from the same period last year, and operating margin of 5.0 percent, essentially flat year over year. First quarter earnings per share was $0.92, up from $0.85 in 2010. New business awards for the 2011 first quarter totaled $1.7 billion, bringing total backlog to $17.4 billion as of March 31, 2011. "As a newly independent company, we are focused on providing high-quality products and services to our customers, the U.S.

Conrad Industries, Inc. to a net loss of $263,000 and loss per diluted share of $0.04 for the third quarter of 2002. months of 2002. Effective January 1, 2002, the Company adopted Statement of Financial Accounting Standards Board No. 142, ("SFAS No. accounting principle for the nine months ended September 30, 2002. months ended September 30, 2002. the third quarter of 2002. compared to $30.4 million for the same period of the prior year. September 30, 2002. 30, 2003 as compared to gross profit of $1.1 million (11.7% of revenue) for the third quarter of 2002. to gross profit of $4.9 million (16.2% of revenue) for the first nine months of 2002. vessel construction revenue for the second quarter of 2003 and third quarter of 2002, respectively. period of the prior year.

Conrad Industries, Inc. reported a net loss of $1.2 million and loss per diluted share of $0.16 for the three months ended September 30, 2004 compared to a net loss of $827,000 and loss per diluted share of $0.11 for the third quarter of 2003. the third quarter of 2003. compared to $26.5 million for the same period of the prior year. September 30, 2003. 2003. compared to gross profit of $741,000 (2.8% of revenue) for the first nine months of 2003. nine months of 2004 compared to the same periods in 2003. in 2003. production hours associated with the entry into the aluminum business and the execution of our backlog. steel. project totaling approximately $544,000. additional work while we waited for the notice to proceed from the customer. surging prices of steel and other price increases.

Conrad Industries Inc. expects to report earnings per share for the quarter ending Sept. 30 of between $.01 and $.03 compared to earnings per share of $.10 for the quarter ending June 30. For the quarter ending Dec. 31, earnings per share are expected to be between $.05 and $.08. The company expects earnings per share of between $.28 and $.33 for the year ending Dec. 31. William H. Hidalgo, president and CEO, stated, "Our earnings for the third and forth quarters will be below the levels we had previously anticipated. Our repair and conversion segment continues to experience weak demand, and price pressures due to the energy market, and we have not experienced the increase and activity that we anticipated, nor do we see any significant increase until the first part of next year.

Conrad Industries Inc. expects to report earnings per share for the quarter ending Sept. 30 of between $.01 and $.03 compared to earnings per share of $.10 for the quarter ending June 30. For the quarter ending Dec. 31, earnings per share are expected to be between $.05 and $.08. The company expects earnings per share of between $.28 and $.33 for the year ending Dec. 31. William H. Hidalgo, president and CEO, stated, "Our earnings for the third and forth quarters will be below the levels we had previously anticipated. Our repair and conversion segment continues to experience weak demand, and price pressures due to the energy market, and we have not experienced the increase and activity that we anticipated, nor do we see any significant increase until the first part of next year.

Conrad Industries, Inc. reported net income of $71,000 for the quarter ended September 30, 1999, compared to net income of $1.3 million for the quarter ended September 30, 1998. The company had net income of $1.6 million for the nine months ended September 30, 1999. Revenues for the quarter and nine months ended September 30, 1999 were $6.9 million and $25.1 million, respectively. Revenues for the quarter and nine months ended September 30, 1998 were $12.8 million and $36.8 million, respectively. "Overall, all vessel construction projects were profitable through this third quarter, however, two projects did not perform as anticipated," said William H. Hidalgo, president and CEO.

Conrad Industries reported net income of $1.5 million for the year ended December 31, 1999, compared to net income of $254,000 for the year ended 1998. Revenues for the year ended December 31, 1999 were $32.6 million compared to $46.3 million for the year ended December 31, 1998. The results for 1998 were affected by a non-cash executive compensation charge of $4.7 million.