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General Dynamics reported strong first-quarter 2024 financial results with revenue of $10.7 billion, up 8.6% from the year-ago quarter. Operating earnings increased by 10.4% to $1 billion, resulting in diluted EPS of $2.88, up 9.1%. Operating margin expanded to 9.7%. The company had a solid performance in Aerospace and defense segments, with backlog reaching $93.7 billion. Cash used by operating activities was $278 million, with investments in capital expenditures, dividends, and share repurchases.
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General Dynamics (GD) to webcast first-quarter 2024 earnings results conference call on April 24 at 9 a.m. EDT.
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Gulfstream Aerospace Corp., a General Dynamics subsidiary, announces FAA certification for the all-new G700 aircraft with performance enhancements. The G700 offers increased range, speed, and cabin comfort, setting new industry standards.
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General Dynamics Information Technology (GDIT) secures a $922 million contract to modernize U.S. Central Command's IT infrastructure, enhancing operational capabilities through cloud, AI/ML, and zero trust technologies.
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General Dynamics (GD) announces a 7.6% increase in its quarterly dividend to $1.42 per share, marking the 27th consecutive annual dividend raise. The company operates in aerospace, defense, business aviation, ship construction, land combat vehicles, and technology sectors, with a global presence and $42.3 billion in revenue in 2023.
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0.04%
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General Dynamics European Land Systems - Steyr (GDELS) secures a contract to deliver 225 PANDUR 6x6 EVO armored vehicles to the Austrian Armed Forces, with an initial value of 1.2 billion euros. The order includes new vehicle variants and emphasizes enhanced military mobility.
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General Dynamics CEO Phebe Novakovic will speak at the Cowen 45th Annual Aerospace & Defense Conference on February 13, 2024. The company, with a ticker symbol GD, is a global aerospace and defense company with a broad portfolio of products and services. In 2023, it generated $42.3 billion in revenue and employs over 100,000 people across 65 countries.
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General Dynamics (GD) reported a strong fourth quarter with net earnings of $1 billion, diluted EPS of $3.64, and revenue of $11.7 billion, marking the highest quarterly EPS and revenue in the company's history. The company ended the quarter with $93.6 billion in backlog, and net cash provided by operating activities totaled $1.2 billion. For the full year, net earnings were $3.3 billion, or $12.02 per diluted share, with full-year revenue of $42.3 billion, a 7.3% increase from 2022. Orders remained strong across all segments, resulting in a backlog of $93.6 billion, the highest year-end backlog in the company's history.
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General Dynamics (GD) announced executive leadership changes, with Mark Roualet retiring and being succeeded by Danny Deep. Jason Aiken will focus exclusively on the operating duties of the Technologies group, and Kim Kuryea will become the company's CFO.
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General Dynamics (NYSE: GD) will webcast its fourth-quarter and full-year 2023 financial results conference call on Wednesday, January 24, beginning at 9 a.m. EST. The live webcast of the conference call will be available at www.gd.com. A replay will be available shortly after the live presentation.
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General Dynamics Corporation
NYSE:GD
GD Rankings
GD Stock Data
80.32B
255.82M
0.51%
86.48%
0.55%
Search, Detection, Navigation, Guidance, Aeronautical, and Nautical System and Instrument Manufacturing
Manufacturing
United States of America
RESTON
About GD
general dynamics is a global aerospace and defense company. from gulfstream business jets to submarines to wheeled combat vehicles to communications systems, people around the world depend on our products and services for their safety and security. headquartered in falls church, virginia, general dynamics is led by phebe novakovic. the company employs thousands of people, with locations in 43 countries. at the heart of our company are our employees. we rely on their intimate knowledge of customer requirements and a unique blend of skill and innovation to develop and produce the best possible products and services. the driver that makes our company agile, and ensures our continued performance, is our culture of continuous improvement. this culture enforces a shared commitment to consistently look toward the future and to embrace change. it’s a priority at all levels of our company, with every employee engaged in finding new ways to do things faster, better and more cost-effectively, and