General Dynamics Exceeds Q2 Earnings and Revenue Forecasts
General Dynamics (NYSE:GD) reported second-quarter results that surpassed Wall Street expectations, driven by strong performance in its Aerospace and Marine Systems segments. The company's adjusted earnings per share reached $4.24 compared to the estimated $3.93, while revenue climbed 8.1% year-over-year to $14.1 billion against a forecast of $13.47 billion. Aerospace segment revenue rose by 15.1% to $3.5 billion and Marine Systems increased by 10.4% to $4.7 billion, contributing significantly to the overall growth. The company's operating margin improved slightly but led to an 11.9% year-over-year increase in operating earnings. General Dynamics also reported strong cash flow generation of $1.9 billion and secured new orders totaling approximately $20 billion with a book-to-bill ratio above one across all segments, particularly highlighting the Aerospace division's robust demand.
Tickers: $GD
Topics: aerospace defense financial performance marine systems