earnings
confidence high
sentiment positive
materiality 0.75
General Dynamics Q2 revenue up 18% to $12B, EPS $3.26 (+20.7%)
GENERAL DYNAMICS CORP
- Revenue $12.0B, operating earnings $1.2B (+20.2%), operating margin 9.7%, up 20 bps.
- Diluted EPS $3.26, up 20.7% YoY; net cash from ops $814M (90% of net earnings).
- Gulfstream delivered 37 aircraft (31 large-cabin) vs 24 in year-ago quarter.
- Consolidated book-to-bill 0.8-to-1; total backlog $91.3B, estimated total contract value $129.8B.
- Paid $389M dividends, repurchased $34M in shares; cash and equivalents $1.4B.