General Dynamics Corp (NYSE:GD) stock is trading lower on Wednesday after the company reported first-quarter fiscal 2025 results.
Revenue for the quarter increased 13.9% year over year to $12.223 billion, beating the consensus of $11.99 billion. EPS was $3.66 (up 27.1% YoY), above the consensus of $3.47.
Operating earnings increased 22.4% YoY to $1.268 billion, and the margin improved 70 bps to 10.4%.
See Also: Bessent Blasts China’s Economic Model, Calls For Global Reset, IMF Refocus
All four segments experienced growth in revenue and operating earnings compared to the same quarter last year. Aerospace showed powerful results: revenue rose by 45.2% YoY, operating earnings increased by 69.4%, and margins expanded by 210 basis points to 14.3%.
"We continue to see steady growth and improvement in operating performance across the defense portfolio," stated Phebe Novakovic, chairman and chief executive officer. "The Aerospace segment saw a significant increase in profitability, reflecting the manufacturing efficiencies associated with reaching higher levels of production on our new aircraft models."
The estimated potential contract value, including unfunded IDIQ contracts and unexercised options, was $52.7 billion, bringing the total estimated contract value to $141.3 billion.
Gulfstream delivered 36 aircraft in the quarter, including 30 large-cabin models. Aerospace segment orders reached $2.36 billion in the quarter and a book-to-bill ratio of 0.8x.
The company ended the quarter with $10.2 billion in orders and a backlog of $88.7 billion.
General Dynamics used $148 million in net cash for operating activities due to working capital growth. It paid $383 million in dividends, invested $142 million in capital expenditures, and repurchased $600 million in shares. The quarter ended with $9.6 billion in total debt and $1.2 billion in cash.
Price Action: GD shares are trading lower by 1.86% at $269.69 at the last check Wednesday.
Now Read:
Image: Shutterstock
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。