earnings
confidence high
sentiment positive
materiality 0.75
General Dynamics Q2 net earnings $766M, EPS $2.75 up 5.4% YoY; backlog $87.6B
GENERAL DYNAMICS CORP
- Revenue $9.2B; operating margin 10.6% (+20 bps YoY, +90 bps sequentially).
- Diluted EPS $2.75, up 5.4% from year-ago quarter; net cash from ops $659M.
- Aerospace demand strong; Gulfstream orders drive 1.1x book-to-bill ratio.
- Defense segments won notable contracts including $410M LRIP for Mobile Protected Firepower and $525M Stryker upgrade.
- Paid $349M in dividends, repurchased $800M in shares; cash on hand $2.2B.