General Dynamics Corporation

GD

US3695501086

Aerospace & Defense

Market Closed - Nyse Other stock markets 04:00:02 2024-05-03 pm EDT			5-day change	1st Jan Change
288.1 ^USD	+0.27%		+1.31%	+10.96%

May. 02	Military shipbuilder Huntington beats Q1 estimates, shares down 12% on weak profit margins	RE
May. 02	Military shipbuilder Huntington beats Q1 estimates on demand for aircraft carriers	RE

General Dynamics Corporation Reports Earnings Results for the First Quarter Ended March 31, 2024

April 24, 2024 at 07:00 am EDT

General Dynamics Corporation reported earnings results for the first quarter ended March 31, 2024. For the first quarter, the company reported sales was USD 10,731 million compared to USD 9,881 million a year ago. Net income was USD 799 million compared to USD 730 million a year ago.

Basic earnings per share from continuing operations was USD 2.92 compared to USD 2.66 a year ago. Diluted earnings per share from continuing operations was USD 2.88 compared to USD 2.64 a year ago.

Latest news about General Dynamics Corporation

Military shipbuilder Huntington beats Q1 estimates, shares down 12% on weak profit margins	May. 02	RE
Military shipbuilder Huntington beats Q1 estimates on demand for aircraft carriers	May. 02	RE
Calian Group Wins $90 Million Contract With General Dynamics Mission Systems-Canada to Support Canadian Army	May. 01	MT
General Dynamics Insider Sold Shares Worth $14,182,349, According to a Recent SEC Filing	Apr. 30	MT
General Dynamics Insider Sold Shares Worth $3,914,229, According to a Recent SEC Filing	Apr. 30	MT
North American Morning Briefing : More Earnings -2-	Apr. 30	DJ
Argus Adjusts General Dynamics' Price Target to $310 From $290	Apr. 29	MT
Jefferies Upgrades General Dynamics to Buy From Hold, Price Target is $305	Apr. 29	MT
US announces purchase of $6 bln in weapons for Ukraine	Apr. 26	RE
UBS Adjusts General Dynamics Price Target to $310 From $306, Maintains Neutral Rating	Apr. 26	MT
Wells Fargo Adjusts General Dynamics' Price Target to $321 From $322	Apr. 26	MT
Goldman Sachs Adjusts Price Target on General Dynamics to $290 From $284	Apr. 26	MT
DA Davidson Raises Price Target on General Dynamics to $298 From $278, Keeps Buy/Add Rating	Apr. 26	MT
JPMorgan Adjusts General Dynamics' Price Target to $298 From $280	Apr. 25	MT
RBC Cuts Price Target on General Dynamics to $320 From $325, Keeps Outperform Rating	Apr. 25	MT
Citigroup Adjusts Price Target on General Dynamics to $320 From $300	Apr. 25	MT
Bombardier burns more cash as inventory rises to support business jet ramp up	Apr. 25	RE
Tranche Update on General Dynamics Corporation (NYSE:GD)'s Equity Buyback Plan announced on February 9, 2015.	Apr. 24	CI
Global markets live: Heineken, AT&T Hasbro, Visa, Boeing...	Apr. 24
Transcript : General Dynamics Corporation, Q1 2024 Earnings Call, Apr 24, 2024	Apr. 24
General Dynamics' Q1 Earnings, Revenue Rise; EPS Misses Street View, Shares Drop 2% Pre-Bell	Apr. 24	MT
Futures Mostly Rise in Premarket Ahead of More Corporate Earnings; Asia, Europe Up	Apr. 24	MT
Earnings Flash (GD) GENERAL DYNAMICS Reports Q1 Revenue $10.7B	Apr. 24	MT
General Dynamics profit rises 9.5% on sustained defense demand	Apr. 24	RE
General Dynamics Corporation Reports Earnings Results for the First Quarter Ended March 31, 2024	Apr. 24	CI

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Company Profile

General Dynamics Corporation specializes in the design, manufacturing and marketing of aeronautical, space, naval, and defense systems and equipment. Net sales break down by family of products and services as follows: - information systems and technologies (30.6%): telecommunication, control, surveillance, monitoring, and similar systems; - submarines and boats (29.5%); - business aircraft (20.4%). Moreover, the group offers maintenance and assistance services etc.; - defense and security systems (19.5%): armored combat vehicles, land combat systems, weapons systems, munitions, protection and detection systems, etc. Net sales break down by source of income between sales of products (58.2%) and services (41.8%). Net sales are distributed geographically as follows: the United States (85.5%), North America (2.3%), Europe (6.5%), Africa and Middle East (2.7%), Asia/Pacific (2.6%) and America Latin (0.4%).

Sector

Aerospace & Defense

Calendar

2024-07-23 - Q2 2024 Earnings Release (Projected)

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S&P 500

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Ratings for General Dynamics Corporation

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Analysts' Consensus

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

288.1 USD

Average target price

311.1 USD

Spread / Average Target

+7.97%

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