earnings
confidence high
sentiment positive
materiality 0.75
General Dynamics Q1 EPS $2.61 up 5.2% YoY; revenue $9.4B; backlog $87.2B
GENERAL DYNAMICS CORP
- Net earnings $730M, diluted EPS $2.61, up 5.2% year-over-year.
- Revenue $9.4B; operating cash flow $2B, 270% of net earnings.
- Aerospace backlog grew $1.3B to $17.6B; total backlog $87.2B, total estimated contract value $129B.
- Major awards: $4.5B NGA cloud contract, $340M Stryker M-SHORAD, $325M Abrams upgrade.
- Reinvested $294M in share repurchases, $330M dividends; cash $2.9B at quarter end.