earnings
confidence high
sentiment positive
materiality 0.80
General Dynamics Q3 revenue $12.9B (+10.6% YoY), EPS $3.88 (+15.8%)
GENERAL DYNAMICS CORP
- Revenue $12.9B, up 10.6% YoY; diluted EPS $3.88, up 15.8% YoY.
- Operating earnings $1.3B (+12.7%); operating margin 10.3% (+20 bps YoY, +30 bps sequentially).
- Cash from operations $2.1B (199% of net earnings); paid $403M dividends in quarter.
- Orders $19.3B, companywide book-to-bill 1.5x; Aerospace revenue +30.3%, margin +100 bps.
- Total backlog $109.9B plus estimated $57.8B in IDIQ/options; defense book-to-bill 1.6x.