General Dynamics (GD) Tops Q3 EPS by 9c
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General Dynamics Reports Third-Quarter 2021 Financial Results
October 27, 2021 7:00 AM EDTRESTON, Va., Oct. 27, 2021 /PRNewswire/ -- General Dynamics (NYSE: GD) today reported third-quarter 2021 net earnings of $860 million on revenue of $9.6 billion. Diluted earnings per share (EPS) were $3.07.
EPS grew 5.9% from the year-ago quarter and 17.6% sequentially as company-wide operating margin expanded to 11.3%, up 90 basis points from the previous quarter. Margins were up sequentially in all four segments.
"The company delivered solid third-quarter results, generating very strong cash flow and attractive margins," said Phebe N. Novakovic, chairman and chief executive officer. "We continue to focus on delivering solid program performance... More
