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Jun 30, 2024

General Dynamics Q2 2024 Earnings Report

Reported strong second-quarter with revenue up 18% and diluted EPS up 20.7% compared to the year-ago quarter.

Key Takeaways

General Dynamics reported a strong second quarter with revenue of $12 billion, an 18% increase from the previous year. Operating earnings rose by 20.2% to $1.2 billion, and diluted EPS increased by 20.7% to $3.26. The company saw growth across all key measures, driven by disciplined execution and increased demand in the defense sector.

Revenue increased by 18% year-over-year to $12 billion.

Operating earnings grew by 20.2% year-over-year to $1.2 billion.

Diluted EPS increased by 20.7% year-over-year to $3.26.

Operating margin expanded by 20 basis points to 9.7%.

Total Revenue
$12B
Previous year: $10.2B
+18.0%
EPS
$3.26
Previous year: $2.7
+20.7%
Operating Margin
9.7%
Previous year: 9.5%
+2.1%
Book-to-Bill Ratio
0.8
Gross Profit
$1.8B
Cash and Equivalents
$1.36B
Free Cash Flow
$613M
Total Assets
$55.4B

General Dynamics

General Dynamics

General Dynamics Revenue by Segment

Forward Guidance

General Dynamics did not provide specific forward guidance in this report. The report focuses on the results of the second quarter of 2024.

Revenue & Expenses

Visualization of income flow from segment revenue to net income