Revenues Huntington Ingalls Industries (NYSE:HII) for the second quarter 2015 reached $1.75 billion, up 1.5 percent compared to the same period last year. Diluted earnings per share was $3.20, compared to diluted earnings per share of $2.04 in the same period of 2014. Adjusted diluted earnings per share for the quarter was $1.99, compared to $1.75 in the same period of 2014, the Company said in its financial report.
Segment operating income for the second quarter was $243 million, compared to $163 million in the same period last year. Total operating income for the quarter was $269 million, compared to $181 million in the same period last year. The increase in operating income was primarily due to an insurance litigation settlement and favorable FAS/CAS Adjustment, partially offset by a non-cash goodwill impairment charge related to the Other segment.
New contract awards for the quarter were approximately $4.5 billion, bringing total backlog at the end of Q2 2015 to $24.3 billion, of which $13.7 billion was funded.
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