General Dynamics (GD) Tops Q1 EPS by 20c

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General Dynamics Reports First-Quarter 2015 Results

April 29, 2015 7:30 AM EDT

FALLS CHURCH, Va., April 29, 2015 /PRNewswire/ -- General Dynamics (NYSE: GD) today reported first-quarter 2015 earnings from continuing operations of $716 million, a 20.1 percent increase over first-quarter 2014, on revenues of $7.8 billion. Diluted earnings per share were $2.14 per share compared to $1.71 in first-quarter 2014, a 25.1 percent increase.

"General Dynamics delivered a powerful first quarter," said Phebe N. Novakovic, chairman and chief executive officer. "As a result of impressive revenue growth and strong operating performance, we expanded operating earnings to more than $1 billion, a 17.5 percent increase."

Margins

Company-wide operating margins for the first... More