General Dynamics Q1 revenue $10.7B (+8.6%), EPS $2.88 (+9.1%), margins expand 20bps

GENERAL DYNAMICS CORP

Revenue $10.7B, up 8.6% YoY; operating earnings $1B, up 10.4%; diluted EPS $2.88, up 9.1%.
Operating margin 9.7%, expanded 20 bps from prior year; G700 FAA certification enabled deliveries.
Consolidated book-to-bill 1.0; backlog $93.7B (+4.4% YoY); Aerospace segment backlog $20.5B (+6.2%).
Net cash used by ops $278M due to working capital growth; paid $361M in dividends, repurchased $105M shares.
Defense segments booked $8.8B orders including $3B max Army ammo contract and $2B Pandur vehicles from Austria.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 1.0

GENERAL DYNAMICS CORP reported the quarter ended March 31, 2024 results: revenue $10.7 billion, EPS $2.88.

Period: the quarter ended March 31, 2024
Revenue: $10.7 billion
EPS: $2.88
Result: reported results

Exact text from the filing

General Dynamics Reports First-Quarter 2024 Financial Results April 24, 2024 • Revenue of $10.7 billion, up 8.6% from year-ago quarter • Operating earnings of $1 billion, up 10.4% from year-ago quarter • Diluted EPS of $2.88, up 9.1% from year-ago quarter • Operating margin of 9.7%, a 20 basis-point expansion from year-ago quarter

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Source: SEC EDGAR

accession 0000040533-24-000013

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