Huntington Ingalls Industries Inc. said its normalized net income for the fourth quarter was $3.34 per share, compared with the S&P Capital IQ consensus estimate of $2.50 per share.
EPS climbed 105.8% year over year from $1.63.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $156.9 million, a gain of 104.1% from $76.9 million in the year-earlier period.
The normalized profit margin climbed to 8.2% from 4.0% in the year-earlier period.
Total revenue totaled $1.92 billion, compared with $1.91 billion in the year-earlier period, and total operating expenses fell on an annual basis to $1.65 billion from $1.72 billion.
Reported net income increased 294.4% from the prior-year period to $197.1 million, or $4.20 per share, from $50.0 million, or $1.06 per share.
For the year, the company's normalized net income totaled $10.38 per share, compared with the S&P Capital IQ consensus normalized EPS estimate of $10.44.
EPS rose from $7.74 in the prior year.
Normalized net income was $490.0 million, a rise from $373.8 million in the prior year.
Full-year total revenue totaled $7.07 billion, compared with $7.02 billion in the prior year, and total operating expenses decreased on an annual basis to $6.22 billion from $6.29 billion.
The company said reported net income rose on an annual basis to $573.0 million, or $12.14 per share, in the full year, from $403.8 million, or $8.36 per share.
