General Dynamics (GD) Tops Q4 EPS by 12c
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General Dynamics Reports Fourth-Quarter, Full-Year 2017 Results
January 24, 2018 7:30 AM ESTFALLS CHURCH, Va., Jan. 24, 2018 /PRNewswire/ --
Revenue up 8.1% in the fourth quarter Operating earnings up 34.6% to $1.03 billion in the fourth quarter A $119 million one-time, non-cash decrement to earnings in the fourth quarter from tax reform, primarily a provision that reduces the value of a future deferred tax asset Fourth-quarter diluted EPS expanded 11.1% to $2.10; adjusted EPS, excluding the impact of tax reform, was $2.50, up 32.3% Full-year diluted EPS expanded 10.6% to $9.56; adjusted EPS, excluding the impact of tax reform, was $9.95, up 15.2% Cash from operations was $3.9 billion for the year and... More