StageAcquired | Acquired
About The S.M. Stoller Corporation
The S.M. Stoller Corporation (Stoller) is a provider of environmental, nuclear, and technical consulting and engineering services to the Department of Energy, Department of Defense and the private sector.
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Latest The S.M. Stoller Corporation News
Nov 6, 2014
26 bps Newport News revenues for the third quarter increased $24 million, or 2.2 percent, from the same period in 2013, primarily driven by the acquisition of The S.M. Stoller Corp., which was completed in January 2014, and higher revenues in submarines and energy, offset by lower revenues in aircraft carriers. Higher submarines revenues related to the SSN-774 Virginia-class submarine (VCS) program were due to increased volumes on Block IV advance procurement and Block III construction contracts. Higher energy revenues were primarily driven by increased commercial volumes. Lower aircraft carriers revenues were driven by decreased volumes on CVN-78 Gerald R. Ford, the CVN-71 USS Theodore Roosevelt refueling and complex overhaul (RCOH) and the CVN-79 John F. Kennedy construction preparation contract, partially offset by increased volumes on the CVN-72 USS Abraham Lincoln RCOH. Newport News operating income for the quarter was $101 million, a $5 million increase over the same period last year. Operating margin was 9.2 percent for the quarter, compared to 8.9 percent in Q3 2013. These increases were driven primarily by higher risk retirement on the VCS program, partially offset by lower risk retirement on CVN-78 Gerald R. Ford. Key Newport News highlights for the quarter: Christened and launched SSN-785 John Warner Installed the final section of the CVN-72 USS Abraham Lincoln main mast Awarded a 12-month $49.6 million contract to begin planning for work on CVN-73 USS George Washington The Company Huntington Ingalls Industries designs, builds and manages the life-cycle of the most complex nuclear and conventionally-powered ships for the U.S. Navy and Coast Guard. For more than a century, HII's Newport News and Ingalls shipbuilding divisions in Virginia and Mississippi have built more ships in more ship classes than any other U.S. naval shipbuilder. HII also provides engineering and project management services expertise to the commercial energy industry, the Department of Energy and other government customers. Headquartered in Newport News, Va., HII employs more than 39,000 people operating both domestically and internationally. For more information, visit: www.huntingtoningalls.com . Huntington Ingalls Industries will webcast its earnings conference call at 9 a.m. ET on Nov. 6. A live audio broadcast of the conference call and supplemental presentation will be available on the investor relations page of the company's website: www.huntingtoningalls.com . Statements in this release, other than statements of historical fact, constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements involve risks and uncertainties that could cause our actual results to differ materially from those expressed in these statements. Factors that may cause such differences include: changes in government and customer priorities and requirements (including government budgetary constraints, shifts in defense spending, and changes in customer short-range and long-range plans); our ability to obtain new contracts, estimate our future contract costs and perform our contracts effectively; changes in government regulations and procurement processes and our ability to comply with such requirements; our ability to realize the expected benefits from consolidation of our Ingalls facilities; natural disasters; adverse economic conditions in the United States and globally; risks related to our indebtedness and leverage; and other risk factors discussed in our filings with the U.S. Securities and Exchange Commission. There may be other risks and uncertainties that we are unable to predict at this time or that we currently do not expect to have a material adverse effect on our business, and we undertake no obligations to update any forward-looking statements. You should not place undue reliance on any forward-looking statements that we may make. Exhibit A: Financial Statements
The S.M. Stoller Corporation Frequently Asked Questions (FAQ)
Where is The S.M. Stoller Corporation's headquarters?
The S.M. Stoller Corporation's headquarters is located at 105 Technology Drive, Broomfield.
What is The S.M. Stoller Corporation's latest funding round?
The S.M. Stoller Corporation's latest funding round is Acquired.
Who are the investors of The S.M. Stoller Corporation?
Investors of The S.M. Stoller Corporation include Huntington Ingalls Industries.
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