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Business/Financial

GD Opens 2015 With Strong First Quarter

By Cal Biesecker

Wednesday, April 29th, 2015

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GD Opens 2015 With Strong First Quarter

GD's Combat Systems segment posted a banner first quarter. Pictured here is the company's Stryker wheeled combat vehicle. Photo: General Dynamics

Bolstered by higher profits in each of its operating segments, General Dynamics [GD] on Wednesday posted strong financial results in the first quarter with top and bottom line increases to begin the year.Net income jumped 20 percent to $716 million, $2.14 earnings per share (EPS), from $595 million ($1.71 EPS) a year ago, whooping consensus estimates by 22 cents per share. The bottom line results improved due to better operating margins, which were up 120 basis points to 13.2 percent,…

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