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Sep 29, 2024

General Dynamics Q3 2024 Earnings Report

General Dynamics reported strong growth and improved operating performance in Q3 2024.

Key Takeaways

General Dynamics reported a 10.4% increase in revenue to $11.7 billion, with operating earnings up 11.7% to $1.2 billion and diluted EPS up 10.2% to $3.35. The company's backlog reached $92.6 billion, and demand across the portfolio remains strong.

Revenue increased by 10.4% year-over-year to $11.7 billion.

Operating earnings grew by 11.7% year-over-year to $1.2 billion.

Diluted EPS rose by 10.2% year-over-year to $3.35.

The company's backlog was $92.6 billion.

Total Revenue
$11.7B
Previous year: $10.6B
+10.4%
EPS
$3.35
Previous year: $3.04
+10.2%
Operating Margin
10.1%
Book-to-Bill Ratio
1.1
Gross Profit
$1.18B
Cash and Equivalents
$2.1B
Free Cash Flow
$1.22B
Total Assets
$57.3B

General Dynamics

General Dynamics

General Dynamics Revenue by Segment

Forward Guidance

This press release contains forward-looking statements (FLS), including statements about the company’s future operational and financial performance, which are based on management’s expectations, estimates, projections and assumptions.

Revenue & Expenses

Visualization of income flow from segment revenue to net income