General Dynamics said revenue for Q2 2024 was $11,976 million, up 18.0% from a year earlier. Operating earnings were $1,156 million, up 20.2%, and diluted earnings per share were $3.26, up 20.7%.

1. 01

   General Dynamics said revenue for Q2 2024 was $11,976 million, up 18.0% from a year earlier. Operating earnings were $1,156 million, up 20.2%, and diluted earnings per share were $3.26, up 20.7%.

2. 02

   General Dynamics said Aerospace segment revenue for Q2 rose 50.5% to $2,940 million, but its operating margin fell from 12.1% a year earlier to 10.9%. The company also said the Technologies operating margin rose from 8.8% to 9.7%.

3. 03

   The company said operating cash flow for Q2 was $814 million, or 90% of net earnings. In the same quarter, it paid $389 million in dividends, spent $201 million on capital expenditures and used $34 million to repurchase shares.

4. 04

   General Dynamics said company-wide backlog for Q2 was $91.3 billion, estimated potential contract value was $38.5 billion, and total estimated contract value was $129.8 billion. It said the quarterly book-to-bill ratio was 0.8-to-to-1.

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.