General Dynamics Q2 revenue $10.2B (+10.5% YoY); EPS $2.70; record backlog $91.4B

GENERAL DYNAMICS CORP

Revenue $10.2B (+10.5% YoY), all segments grew; diluted EPS $2.70 on net earnings $744M.
Record backlog $91.4B (book-to-bill 1.2x); total estimated contract value $129.3B.
Operating cash flow $731M in Q2; H1 $2.2B (149% of net earnings). Repaid $750M notes, bought back $288M shares.
Aerospace booked $2.5B in orders (Gulfstream); defense awards include $1.1B Navy Virginia-class subs, $735M oiler, $695M XM30.

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

GENERAL DYNAMICS CORP reported the quarter ended July 2, 2023 results: revenue $10.2 billion, net income $744 million, EPS $2.70.

Period: the quarter ended July 2, 2023
Revenue: $10.2 billion
Net income: $744 million
EPS: $2.70
Result: reported results

Exact text from the filing

General Dynamics Corporation (NYSE: GD) today reported second-quarter 2023 net earnings of $744 million on revenue of $10.2 billion. Diluted earnings per share (EPS) were $2.70.

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GENERAL DYNAMICS CORP filing history →

Source: SEC EDGAR

accession 0000040533-23-000058

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