earnings
confidence high
sentiment positive
materiality 0.75
General Dynamics Q3 2024: Revenue $11.7B, EPS $3.35, operating margin 10.1%
GENERAL DYNAMICS CORP
- Revenue $11.7B (+10.4% YoY); diluted EPS $3.35 (+10.2% YoY); operating margin 10.1% (+10 bps).
- Gulfstream delivered 28 aircraft (24 large-cabin, including 4 G700s) vs 27 in Q3 2023.
- Cash from ops $1.4B (152% of net earnings); paid $390M dividends, $201M capex, $44M buybacks.
- Book-to-bill 1.1x; total backlog $92.6B; defense segment orders $10.5B with strength in Combat Systems.
- Significant awards: $1.5B for Virginia-class submarines, $780M for fleet oilers, $885M for munitions.