General Dynamics announced its financial results for the second quarter of 2025, reporting revenue of $13 billion, an increase of 8.9% compared to the same quarter last year. The company achieved operating earnings of $1.3 billion, translating to a diluted earnings per share (EPS) of $3.74, which is a 14.7% increase from the previous year. The operating margin expanded to 10.0%, reflecting growth across all four segments of the company. Cash from operating activities reached $1.6 billion, representing 158% of net earnings, while the company reduced its total debt by $897 million during the quarter.
In terms of orders, General Dynamics reported a consolidated book-to-bill ratio of 2.2-to-1, with total orders amounting to $28.3 billion and a backlog of $103.7 billion at the end of the quarter. The estimated total contract value, including backlog components, reached $161.2 billion. The company ended the quarter with $8.7 billion in total debt and $1.5 billion in cash and equivalents, positioning itself favorably for future operations.
linkJul 23, 2025 07:53:04
General Dynamics announced its financial results for the first quarter of 2025, reporting revenue of $12.2 billion, a 13.9% increase from the same period last year. The company also noted a diluted earnings per share (EPS) of $3.66, which reflects a 27.1% rise year-over-year. The operating margin improved by 70 basis points to 10.4%, with all four business segments reporting higher revenues and operating earnings, particularly in Aerospace, where revenue surged by 45.2% and operating earnings increased by 69.4%.
In terms of cash flow, General Dynamics utilized $148 million in operating activities primarily due to working capital growth. The company distributed $383 million in dividends and repurchased $600 million of its shares during the quarter. As of the end of March 2025, the total backlog stood at $88.7 billion, with new orders amounting to $10.2 billion. The board declared a quarterly dividend of $1.50 per share, marking a 5.6% increase from the previous year.
linkApr 23, 2025 07:50:09
General Dynamics announced a fourth-quarter net earnings of $1.1 billion, reflecting a 14.2% increase from the previous year, with revenue rising to $13.3 billion, a 14.3% growth. The full-year figures showed net earnings of $3.8 billion and revenue of $47.7 billion, marking increases of 14.1% and 12.9%, respectively. The company reported significant cash flow from operations, totaling $2.2 billion in the quarter, which is 188% of net earnings, contributing to a year-end backlog of $90.6 billion.
On the downside, although overall revenue and earnings increased, the company experienced a slight decline in backlog orders in the fourth quarter compared to the previous quarter, with a book-to-bill ratio of 0.9-to-1. Additionally, operating margins varied across segments, with Aerospace showing a decrease while Marine Systems faced a notable decline in operating earnings. Despite these challenges, the overall financial performance remained positive, but the mixed results in specific segments may warrant further attention.
linkJan 29, 2025 07:56:26
On the cash and capital deployment front, General Dynamics generated $1.4 billion from operating activities, representing 152% of net earnings. The company is maintaining a healthy financial position with $2.1 billion in cash and equivalents at the end of the quarter. However, the backlog stands at $92.6 billion, indicating a slight decline from previous quarters. The company continues to invest in growth, paying $390 million in dividends and repurchasing $44 million in shares. Overall, while the financial performance is robust, the slight decrease in backlog may warrant monitoring for future growth sustainability.
linkOct 23, 2024 08:01:55
General Dynamics announced a solid second quarter in 2024, with revenue increasing 18% to $12 billion and operating earnings rising 20.2% to $1.2 billion. Diluted earnings per share also grew by 20.7% to $3.26. The company showed growth across all key areas, particularly in Aerospace and Combat Systems. However, the book-to-bill ratio was 0.8-to-1, indicating more revenue than new orders. Overall, the results reflect strong demand and effective program execution.
linkJul 24, 2024 08:11:21
General Dynamics reports positive first-quarter 2024 results with revenue up 8.6%, operating earnings up 10.4%, and diluted EPS up 9.1% from the year-ago quarter. Operating margins expanded to 9.7%. Backlog increased by 4.4% to $93.7 billion, with Aerospace segment orders growing backlog to $20.5 billion. Defense segments received significant orders. Cash and equivalents ended at $1 billion. Company remains confident in its outlook, especially with G700 certification enabling customer deliveries in the Aerospace segment.
linkApr 24, 2024 08:05:42
General Dynamics reported a record-high quarterly net earnings of $1 billion and revenue of $11.7 billion, marking the highest quarterly EPS and revenue in the company's history. The company achieved strong cash flow, reduced debt, and ended the year with $93.6 billion in backlog. Orders remained strong, with a consolidated book-to-bill ratio of 0.8-to-1 for the quarter and 1.1-to-1 for the year. The Aerospace segment saw solid execution and continued demand, with backlog growing to $20.5 billion. The company also secured significant awards in its defense segments, totaling billions of dollars. General Dynamics is a global aerospace and defense company with a broad portfolio of products and services, generating $42.3 billion in revenue in 2023.
linkJan 24, 2024 07:59:31
General Dynamics announces retirement of long-serving executive and appointment of new leadership. Company's CFO to focus exclusively on Technologies group, while seasoned finance executive takes over as CFO. Overall, the company emphasizes the experience and skills of the new appointees and their contributions to the senior leadership team.
linkJan 05, 2024 13:38:59
General Dynamics reported third-quarter 2023 net earnings of $836 million on revenue of $10.6 billion, with strong demand and steady revenue growth across the business resulting in significant growth in backlog. Net cash provided by operating activities totaled $1.3 billion, and the company generated free cash flow from operations of $1.1 billion. The consolidated book-to-bill ratio was 1.4-to-1, and the company's backlog reached a record-high of $95.6 billion. Aerospace received $2.9 billion in new orders during the quarter, growing backlog to $20.1 billion. General Dynamics is a global aerospace and defense company headquartered in Reston, Virginia.
linkOct 25, 2023 08:00:06