Huntington Ingalls Operating Margin Falls on Higher Costs
Huntington Ingalls reported a first-quarter operating margin of 5% as rising costs offset a revenue beat. Shares fell 3% despite strong defense demand.
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HUNTINGTON INGALLS INDUSTRIE reported its quarterly operating margin fell to 5% from 5.9% as rising costs offset a revenue beat. Total revenue rose to $3.1 billion, exceeding LSEG estimates of $3.02 billion despite persistent inflationary pressure on global supply chains. Investors are weighing record demand for naval vessels against shrinking profitability caused by trade volatility and higher production expenses.
