General Dynamics (GD) Misses Q4 EPS by 5c

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Go back to General Dynamics (GD) Misses Q4 EPS by 5c

General Dynamics Reports Fourth-Quarter and Full-Year 2020 Financial Results

January 27, 2021 7:00 AM EST

RESTON, Va., Jan. 27, 2021 /PRNewswire/ -- General Dynamics (NYSE: GD) today reported quarterly net earnings of $1 billion, or $3.49 per diluted share, on $10.5 billion in revenue. For the full year, net earnings were $3.2 billion, or $11.00 per diluted share, on revenue of $37.9 billion.

On a sequential basis, both net earnings and earnings per share (EPS) were up 20% from the previous quarter. Operating margin was 12.3% in the quarter, up 90 basis points sequentially and up 20 basis points from the year-ago quarter. Backlog grew 9.8% in the quarter to a record-high $89.5 billion.

"Our continued... More