General Dynamics (GD) Misses Q1 EPS by 14c

General Dynamics (NYSE: GD) reported Q1 EPS of $2.43, $0.14 worse than the analyst estimate of $2.57. Revenue for the quarter came in at $8.75 billion versus the consensus estimate of $9.23 billion.

Backlog

Total backlog at the end of first-quarter 2020 was $85.7 billion, up 23.9% year-over-year. Estimated potential contract value, representing management's estimate of value in unfunded indefinite delivery, indefinite quantity (IDIQ) contracts and unexercised options, was $38.1 billion. Total estimated contract value, the sum of all backlog components, was $123.9 billion, up 20.1% year-over-year.

For earnings history and earnings-related data on General Dynamics (GD) click here.

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