General Dynamics (GD) Tops Q3 EPS by 37c

General Dynamics (NYSE: GD) reported Q3 EPS of $4.49, $0.37 better than the analyst estimate of $4.12. Revenue for the quarter came in at $14.6 billion versus the consensus estimate of $13.73 billion.

Orders and Backlog

Orders received in the quarter totaled $93.8 billion in the defense segments, driven by large orders in the Marine Systems segment for Virginia- and Columbia-class submarines, and $5 billion in the Aerospace segment, for a total of $98.8 billion. Book-to-bill ratio, defined as orders divided by revenue, was 8.5-to-1 for the quarter for the defense segments, 1.4-to-1 for the Aerospace segment, and 6.8-to-1 on a company-wide basis.

Backlog at the end of the quarter was $220.3 billion. Estimated potential contract value, representing management's estimate of additional value in unfunded indefinite delivery, indefinite quantity (IDIQ) contracts and unexercised options, was $50.4 billion. Total estimated contract value, the sum of backlog plus estimated potential contract value, was $270.7 billion.

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

You May Also Be Interested In

• Chevron beats estimates as refining margins lift earnings
• Bnccorp, Inc. (BNCC) Tops Q3 EPS by 94c
• JinkoSolar (JKS) Tops Q3 EPS by 781c