General Dynamics Corporation (NYSE:GD) is a major player in the aerospace and defense industry, known for its production of military munitions, vehicles, and aircraft. The company competes with other defense giants like Lockheed Martin and Northrop Grumman. On January 29, 2025, GD reported earnings per share (EPS) of $4.15, surpassing the estimated $4.07, showcasing its strong financial performance.
The company's revenue for the quarter reached approximately $13.34 billion, exceeding the estimated $12.81 billion. This impressive revenue growth is driven by consistent demand for its defense products, as highlighted by Reuters. GD's defense businesses continue to thrive, contributing significantly to its overall financial success.
General Dynamics reported a 14.2% increase in its fourth-quarter profit, with net earnings of $1.1 billion. This growth is a testament to the company's robust performance in the defense sector. The diluted EPS for the quarter was $4.15, reflecting a 14% rise from the previous year, indicating strong profitability. For the full year, GD achieved net earnings of $3.8 billion, a 14.1% increase from 2023, on revenue of $47.7 billion. The full-year diluted EPS was $13.63, up 13.4% from the previous year.
In the aviation segment, Gulfstream delivered 47 aircraft in the fourth quarter, including 42 large-cabin aircraft. Over the entire year, GD delivered a total of 136 aircraft, with 118 being large-cabin models. This highlights the company's strong order activity and its ability to meet market demand.
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