We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. By pressing "Accept All" or closing out of this banner, you accept our Privacy Policy and Terms of Service, revised from time to time, and you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties. You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
General Dynamics' Q4 Earnings Beat Estimates, Revenues Rise Y/Y
Read MoreHide Full Article
General Dynamics Corporation (GD - Free Report) reported fourth-quarter 2024 earnings per share (EPS) of $4.15, which beat the Zacks Consensus Estimate of $4.13 by 0.5%. The bottom line also increased 14% from $3.64 recorded in the year-ago quarter.
Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar.
The year-over-year bottom-line appreciation can be attributed to revenue growth as well as an improvement in operating earnings.
For 2024, the company reported EPS of $13.63, up 13.4% from the year-ago reported figure of $12.02. The full-year bottom line, however, missed the Zacks Consensus Estimate of $13.66.
General Dynamics Corporation Price, Consensus and EPS Surprise
Revenues of $13.34 billion beat the Zacks Consensus Estimate of $13.06 billion by 2.1%. The top line also improved 14.3% from the prior-year figure.
The year-over-year improvement can be attributed to increased revenues from each of GD’s four business segments.
For 2024, the company reported revenues worth $47.72 billion, up 12.9% from the year-ago reported figure of $42.27 billion. The full-year top line also beat the Zacks Consensus Estimate of $47.44 billion.
GD’s Segmental Performance
Aerospace: The segment reported revenues of $3.74 billion, up 36.4% year over year. Operating earnings of $585 million improved 30.3% year over year.
Marine Systems: This segment’s revenues rose 16.2% to $3.96 billion from the year-ago quarter’s level. Operating earnings of $200 million declined 7.8% year over year.
Technologies: The segment’s revenues improved 2.8% year over year to $3.24 billion. Operating earnings totaled $319 million, which improved 4.6% year over year.
Combat Systems: The segment’s revenues of $2.40 billion were up 1.3% from the year-ago quarter’s level. However, operating earnings improved 1.4% year over year to $356 million.
Operational Highlights of GD
Operating earnings totaled $1.42 billion, up 10.5% from the year-ago quarter’s $1.06 billion.
Operating costs and expenses increased 14.8% year over year to $11.92 billion.
Interest expenses declined 2.6% year over year to $76 million.
GD’s Backlog
General Dynamics recorded a total backlog of $90.60 billion, lower than the third-quarter level of $92.63 billion. The funded backlog at the end of the quarter was $75.14 billion.
Our model projected a backlog of $90.28 billion for the fourth quarter.
Financial Condition of GD
As of Dec. 31, 2024, cash and cash equivalents totaled $1.69 billion compared with $1.91 billion as of Dec. 31, 2023.
The long-term debt as of the same date was $7.26 billion, down from the 2023-end level of $8.75 billion.
During 2024, cash flow from operating activities totaled $4.11 billion compared with $4.71 billion in the year-ago period.
Teledyne Technologies Inc. (TDY - Free Report) reported fourth-quarter 2024 adjusted earnings of $5.52 per share, which surpassed the Zacks Consensus Estimate of $5.23 by 5.5%. The bottom line also improved 1.5% from $5.44 recorded a year ago.
The company’s total sales were $1.50 billion, which beat the Zacks Consensus Estimate of $1.45 billion by 3.7%. The top line also rose 5.4% from $1.43 billion reported a year ago.
Hexcel Corporation (HXL - Free Report) reported fourth-quarter 2024 adjusted earnings of 52 cents per share, which improved 20.9% from the year-ago quarter’s figure of 43 cents. The bottom line also surpassed the Zacks Consensus Estimate of 51 cents by 2%.
The company’s net sales totaled $473.8 million, which beat the Zacks Consensus Estimate of $471 million by 0.6%. The top line also witnessed an improvement of 3.6% from the year-ago quarter’s figure of $457.5 million.
Textron Inc. (TXT - Free Report) reported fourth-quarter 2024 adjusted earnings of $1.34 per share, which beat the Zacks Consensus Estimate of $1.25 by 7.2%. However, the bottom line declined 16.3% from $1.60 in the year-ago quarter.
The company reported total revenues of $3.61 billion, which missed the Zacks Consensus Estimate of $3.74 billion by 3.5%. Moreover, revenues decreased 7.2% from the year-ago quarter’s level of $3.89 billion.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
General Dynamics' Q4 Earnings Beat Estimates, Revenues Rise Y/Y
General Dynamics Corporation (GD - Free Report) reported fourth-quarter 2024 earnings per share (EPS) of $4.15, which beat the Zacks Consensus Estimate of $4.13 by 0.5%. The bottom line also increased 14% from $3.64 recorded in the year-ago quarter.
Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar.
The year-over-year bottom-line appreciation can be attributed to revenue growth as well as an improvement in operating earnings.
For 2024, the company reported EPS of $13.63, up 13.4% from the year-ago reported figure of $12.02. The full-year bottom line, however, missed the Zacks Consensus Estimate of $13.66.
General Dynamics Corporation Price, Consensus and EPS Surprise
General Dynamics Corporation price-consensus-eps-surprise-chart | General Dynamics Corporation Quote
Total Revenues of GD
Revenues of $13.34 billion beat the Zacks Consensus Estimate of $13.06 billion by 2.1%. The top line also improved 14.3% from the prior-year figure.
The year-over-year improvement can be attributed to increased revenues from each of GD’s four business segments.
For 2024, the company reported revenues worth $47.72 billion, up 12.9% from the year-ago reported figure of $42.27 billion. The full-year top line also beat the Zacks Consensus Estimate of $47.44 billion.
GD’s Segmental Performance
Aerospace: The segment reported revenues of $3.74 billion, up 36.4% year over year. Operating earnings of $585 million improved 30.3% year over year.
Marine Systems: This segment’s revenues rose 16.2% to $3.96 billion from the year-ago quarter’s level. Operating earnings of $200 million declined 7.8% year over year.
Technologies: The segment’s revenues improved 2.8% year over year to $3.24 billion. Operating earnings totaled $319 million, which improved 4.6% year over year.
Combat Systems: The segment’s revenues of $2.40 billion were up 1.3% from the year-ago quarter’s level. However, operating earnings improved 1.4% year over year to $356 million.
Operational Highlights of GD
Operating earnings totaled $1.42 billion, up 10.5% from the year-ago quarter’s $1.06 billion.
Operating costs and expenses increased 14.8% year over year to $11.92 billion.
Interest expenses declined 2.6% year over year to $76 million.
GD’s Backlog
General Dynamics recorded a total backlog of $90.60 billion, lower than the third-quarter level of $92.63 billion. The funded backlog at the end of the quarter was $75.14 billion.
Our model projected a backlog of $90.28 billion for the fourth quarter.
Financial Condition of GD
As of Dec. 31, 2024, cash and cash equivalents totaled $1.69 billion compared with $1.91 billion as of Dec. 31, 2023.
The long-term debt as of the same date was $7.26 billion, down from the 2023-end level of $8.75 billion.
During 2024, cash flow from operating activities totaled $4.11 billion compared with $4.71 billion in the year-ago period.
GD’s Zacks Rank
General Dynamics currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Recent Defense Releases
Teledyne Technologies Inc. (TDY - Free Report) reported fourth-quarter 2024 adjusted earnings of $5.52 per share, which surpassed the Zacks Consensus Estimate of $5.23 by 5.5%. The bottom line also improved 1.5% from $5.44 recorded a year ago.
The company’s total sales were $1.50 billion, which beat the Zacks Consensus Estimate of $1.45 billion by 3.7%. The top line also rose 5.4% from $1.43 billion reported a year ago.
Hexcel Corporation (HXL - Free Report) reported fourth-quarter 2024 adjusted earnings of 52 cents per share, which improved 20.9% from the year-ago quarter’s figure of 43 cents. The bottom line also surpassed the Zacks Consensus Estimate of 51 cents by 2%.
The company’s net sales totaled $473.8 million, which beat the Zacks Consensus Estimate of $471 million by 0.6%. The top line also witnessed an improvement of 3.6% from the year-ago quarter’s figure of $457.5 million.
Textron Inc. (TXT - Free Report) reported fourth-quarter 2024 adjusted earnings of $1.34 per share, which beat the Zacks Consensus Estimate of $1.25 by 7.2%. However, the bottom line declined 16.3% from $1.60 in the year-ago quarter.
The company reported total revenues of $3.61 billion, which missed the Zacks Consensus Estimate of $3.74 billion by 3.5%. Moreover, revenues decreased 7.2% from the year-ago quarter’s level of $3.89 billion.