earnings
confidence high
sentiment positive
materiality 0.75
General Dynamics Q1 revenue $12.2B, EPS $3.66, up 27.1% YoY; margin expands 70 bps
GENERAL DYNAMICS CORP
- Revenue $12.2B (+13.9% YoY); diluted EPS $3.66 (+27.1%); operating margin 10.4% (+70 bps).
- Aerospace segment earnings up 69.4%, margin expands 210 bps to 14.3% on higher production of new models.
- Dividend raised 5.6% to $1.50/share, 28th consecutive annual increase; $600M in share repurchases in Q1.
- Operating cash flow -$148M due to working capital growth; ended with $1.2B cash, $9.6B debt.
- Orders $10.2B, backlog $88.7B, total estimated contract value $141.3B.