Royal Navy Enhances Underwater Capabilities with Acquisition of Additional HII Advanced Unmanned Vehicles MCLEAN, Va., May 06, 2024 (GLOBE NEWSWIRE) -- HII, the leading manufacturer of underwater unmanned vehicles (UUVs), announced the recent sale of three REMUS 100s and five REMUS 300s to the Royal Navy. This transaction marks a significant milestone in the longstanding partnership between HII and the United Kingdom military to support the Royal Navy's capabilities in underwater exploration, countermine and surveillance programs. Over the past 20 years, the U.K.’s Ministry of Defence h...
HII Reports First Quarter 2024 Results Record first quarter revenues of $2.8 billion, up 4.9% compared to first quarter 2023Operating income of $154 million, up 9.2% compared to first quarter 2023Net earnings of $153 million or $3.87 diluted earnings per shareNew contract awards of $3.1 billion, resulting in backlog of $48.4 billionCompany reaffirms previously issued financial guidance1 NEWPORT NEWS, Va., May 02, 2024 (GLOBE NEWSWIRE) -- HII (NYSE: HII) reported first quarter 2024 revenues of $2.8 billion, up 4.9% from the first quarter of 2023, driven primarily by growth at its Mission ...
HII’s Ingalls Shipbuilding Hosts “Signing Day” for 2024 Graduates of Shipbuilder Academy PASCAGOULA, Miss., May 01, 2024 (GLOBE NEWSWIRE) -- HII’s (NYSE: HII) Ingalls Shipbuilding division hosted a “signing day” for the 2024 graduates of its Shipbuilder Academy today at the shipyard. This year, 25 talented high school students were offered full-time positions at Ingalls, where they will begin their shipbuilding career following the completion of their education. Through hands-on training, mentorship, and classroom instruction, participants in the Ingalls Shipbuilding Academy (ISA) ga...
HII Declares Quarterly Dividend NEWPORT NEWS, Va., May 01, 2024 (GLOBE NEWSWIRE) -- HII (NYSE: HII) announced today that its Board of Directors has declared a quarterly cash dividend of $1.30 per share, payable on June 14, 2024, to shareholders of record as of the close of business on May 31, 2024. About HII HII is a global, all-domain defense provider. HII’s mission is to deliver the world’s most powerful ships and all-domain solutions in service of the nation, creating the advantage for our customers to protect peace and freedom around the world. As the nation’s largest military ship...
DUBLIN--(BUSINESS WIRE)-- Intelligent power management company Eaton Corporation plc (NYSE:ETN) today announced that earnings per share were $2.04 for the first quarter of 2024, a first quarter record and up 28% over the first quarter of 2023. Excluding charges of $0.21 per share related to intangible amortization, $0.12 per share related to a multi-year restructuring program, and $0.03 per share related to acquisitions and divestitures, adjusted earnings per share of $2.40 were also a first quarter record and up 28% over the first quarter of 2023. Sales in the quarter were $5.9 billion, a f...
Hitachi Energy announces over $100 million in modernization and upgrade of power transformer factory and facilities in Quebec, Canada Projects in Varennes and Montreal partly funded by the Government of Quebec to increase speed to market to meet accelerating global energy transition demand ---- Establishment of a state-of-the-art testing facility for large power transformers and a high-voltage direct current (HVDC) engineering and design center which will create around 70 jobs, to enable capacity expansion Montreal, Canada / Zurich, Switzerland, April 29, 2024 (GLOBE NEWSWIRE) -- Hitac...
Despite beating guidance in Q1, Autoliv kept its 2024 guidance intact. In our view, this adds upside potential to consensus for 2024 and some credibility to the 12% medium-term EBIT margin target. Although we estimate 29% YOY growth in 2024e adj. EBIT, fundamentals are likely to be on the sidelines as we expect the company to resume its large share buyback programme in the coming weeks (the mandate has USD873m, c9% of the market cap, left for 2024). We reiterate our BUY and have raised our targe...
HII’s Ingalls Shipbuilding Hosts Inaugural Scout Merit Badge Day PASCAGOULA, Miss., April 27, 2024 (GLOBE NEWSWIRE) -- HII’s (NYSE: HII) Ingalls Shipbuilding division hosted an inaugural Scout merit badge day, fostering the next generation of leaders while nurturing the values of hard work, dedication, commitment, and community engagement, shared by both shipbuilding and Scouting. “We were thrilled to host our first merit badge day at Ingalls and to have the opportunity to nurture the skills and values of these young boys and girls enrolled in scout programs,” Ingalls Shipbuilding Commun...
COLUMBUS, Ohio--(BUSINESS WIRE)-- Mettler-Toledo International Inc. (NYSE:MTD) today announced it will webcast its presentation at the BofA Securities 2024 Healthcare Conference on Wednesday, May 15, 2024, at 8:40am Pacific Time (11:40pm Eastern Time). To listen to the live audio webcast of the call, visit Events and Presentations on the Investor section of the Company’s website, . METTLER TOLEDO (NYSE: MTD) is a leading global supplier of precision instruments and services. We have strong leadership positions in all of our businesses and believe we hold global number-one market positions in...
HII Delivers Virginia-Class Submarine New Jersey (SSN 796) to U.S. Navy NEWPORT NEWS, Va., April 25, 2024 (GLOBE NEWSWIRE) -- HII (NYSE: HII) announced today that its Newport News Shipbuilding division has delivered Virginia-class fast-attack submarine New Jersey (SSN 796) to the U.S. Navy. New Jersey is the 11th Virginia-class submarine delivered by NNS, and the 23rd built as part of the teaming agreement with General Dynamics Electric Boat. “It is a proud day for our entire team when we deliver a high-quality submarine like New Jersey to the fleet,” said Jason Ward, NNS vice presi...
Shifting Exposure From Growth to Value Note: This is an abbreviated report (no detailed Sector comments or Russell grids). We will return to our normal report structure next week. While the market remains in consolidation/pullback mode and we are not out of the woods, it is possible that further downside is limited from here on the S&P 500. Since late-February, we have discussed important gap support from 2/22/24 at 4983-5050 on the S&P 500, and that as long as the S&P 500 is above 4983 that b...
DUBLIN--(BUSINESS WIRE)-- The Board of Directors of intelligent power management company Eaton (NYSE:ETN) today declared a quarterly dividend of $0.94 per ordinary share. The dividend is payable May 24, 2024, to shareholders of record at the close of business on May 6, 2024. Eaton has paid dividends on its shares every year since 1923. Eaton is an intelligent power management company dedicated to protecting the environment and improving the quality of life for people everywhere. We make products for the data center, utility, industrial, commercial, machine building, residential, aerospace an...
Hitachi Energy to invest additional $1.5 billion to ramp up global transformer production by 2027 Capacity expansion will increase speed to market to meet accelerating global demand, address long-term customer investments and create over 4,000 jobs -- Investments span across Europe, the Americas, and Asia leveraging existing global footprint -- Around $180 million in a new state-of-the-art transformer factory in Finland, a key location for clean technology development for renewables and industrial electrification Zurich, April 23, 2024 (GLOBE NEWSWIRE) -- Hitachi Energy today reveal...
DUBLIN--(BUSINESS WIRE)-- Intelligent power management company Eaton has achieved a gold medal from EcoVadis, the world’s largest provider of business sustainability ratings. The EcoVadis assessment evaluates 21 sustainability criteria in four key areas including environment, labor and human rights, ethics and sustainable procurement. “This recognition shows how diligently our teams are working, not only to make progress on our commitments, but to transparently report on it,” said Harold Jones, chief sustainability officer and executive vice president, Eaton Business System, Eaton. “Our work...
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