General Dynamics reported revenue of $11.7 billion for Q3 2024, up 10.4% from a year earlier, operating earnings of $1.2 billion, up 11.7%, and diluted EPS of $3.35, up 10.2%. The company said its operating margin was 10.1%, a 10-basis-point expansion from the year-ago period.

1. 01

   General Dynamics reported revenue of $11.7 billion for Q3 2024, up 10.4% from a year earlier, operating earnings of $1.2 billion, up 11.7%, and diluted EPS of $3.35, up 10.2%. The company said its operating margin was 10.1%, a 10-basis-point expansion from the year-ago period.

2. 02

   The company disclosed that for Q3, revenue rose at Aerospace by $2,482 million (22.1%), at Marine Systems by $3,599 million (19.9%), and at Technologies by $3,378 million (2.0%), while Combat Systems revenue fell 0.5% to $2,212 million.

3. 03

   The company said net cash provided by operating activities for Q3 was $1.4 billion, or 152% of net earnings. In the same quarter, it paid dividends of $390 million, invested $201 million in capital expenditures and used $44 million to repurchase shares, and it ended the quarter with cash and equivalents of $2.1 billion.

4. 04

   The company said its company-wide backlog was $92.6 billion as of Q3 2024, its estimated potential contract value was $45 billion, and its total estimated contract value was $137.6 billion, with a book-to-bill ratio of 1.1-to-to-1. In the defense segments, orders for Q3 totaled $10.5 billion.

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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

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