-- 獨立研究機構CFRA向提供了以下研究報告。 CFRA分析師的觀點摘要如下： HII公佈第一季營收為31億美元，年增13.4%，超出市場預期2.7%。儘管營收成長，但營業利潤率卻下降了89個基點至5.0%。第一季每股收益為3.79美元，與去年持平，超出市場預期0.08美元。這些業績凸顯了我們一直關注的一個矛盾：雖然營收成長證實了良好的市場需求，但實現9%-10%的造船利潤率目標的路徑比預期更為緩慢。管理層重申了2026財年的業績指引，預計造船營收為97億至99億美元，營業利潤率為5.5%-6.5%，自由現金流為5億至6億美元。紐波特紐斯公司營收成長19.3%至17億美元，推動公司整體成長，但由於缺乏有利的維吉尼亞州級合約調整，該部門利潤率下降80個基點至5.3%。自由現金流仍為負值，為4.61億美元。我們認為，即將授予的弗吉尼亞州第六區塊和哥倫比亞二期建設項目合約仍是關鍵的推動因素，因為這些合約應能反映當前的成本結構，並有助於在未來的工作中獲得更高的利潤率。
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