General Dynamics (GD) Tops Q2 EPS by 7c

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Go back to General Dynamics (GD) Tops Q2 EPS by 7c

General Dynamics Reports Second-Quarter 2021 Financial Results

July 28, 2021 7:00 AM EDT

RESTON, Va., July 28, 2021 /PRNewswire/ -- General Dynamics (NYSE: GD) today reported second-quarter 2021 net earnings of $737 million on revenue of $9.2 billion. Diluted earnings per share (EPS) were $2.61.

EPS grew 19.7% on a 17.9% increase in net earnings, as company-wide operating margin expanded to 10.4%, up 140 basis points from the year-ago quarter. Backlog of $89.2 billion was up 8% from the year-ago quarter.

"The company performed impressively this quarter, delivering very strong cash flow, improved margins and significant Aerospace order activity," said Phebe N. Novakovic, chairman and chief executive officer. "Emerging from the pandemic, we... More