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GD Posts Higher Sales, Earnings In Fourth Quarter; Sees Bright 2024

Cal Biesecker By
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GD Posts Higher Sales, Earnings In Fourth Quarter; Sees Bright 2024
General Dynamics Chairwoman and CEO Phebe Novakovic. Photo: General Dynamics

General Dynamics [GD] on Wednesday reported higher sales and earnings in its fourth quarter, although results across its operating segments were mixed. Net income rose a percent to $1 billion, $3.64 earnings per share (EPS), from $992 million ($3.58 EPS) a year ago, falling short of consensus estimates by 7 cents per share. Sales were strong, up 8 percent to $11.7 billion from $10.9 a year ago. Overall, in 2023 net income fell 2 percent to $3.3. billion ($12.02 EPS)…

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