Overview

• U.S. shipbuilder's Q1 net income fell yr/yr

• Company backlog declined to $199.6 mln from $292 mln a year earlier

• Since quarter-end, company signed $134.2 mln in new contracts, including U.S. Navy award

Outlook

• Company did not provide specific guidance for future quarters or the full year

Result Drivers

• LOWER CONTRACT SIGNINGS - Company said Q1 new construction contract signings fell to $46.8 mln from $67.3 mln a year earlier, contributing to lower backlog

Company press release: ID:nPn4BMxLha

Key Details

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.