General Dynamics (GD) Tops Q2 EPS by 3c, Revenues Beat

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General Dynamics Reports Second-Quarter 2020 Results

July 29, 2020 7:00 AM EDT

RESTON, Va., July 29, 2020 /PRNewswire/ -- General Dynamics (NYSE: GD) today reported second-quarter 2020 net earnings of $625 million on revenue of $9.3 billion. Diluted earnings per share (EPS) were $2.18.

"We have continued to operate throughout the COVID-19 pandemic, meeting our customers' needs while keeping our people as safe as possible," said Phebe N. Novakovic, chairman and chief executive officer. "We are focused on the basics of early and aggressive cost management, performance and cash conversion as we manage through this period."

Aircraft deliveriesThe company delivered 32 aircraft during the quarter, up from 23 last quarter, despite... More