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Business/Financial

GD Reports Strong Third Quarter Results On Broad Strength

By Cal Biesecker

Wednesday, October 23rd, 2019

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GD Reports Strong Third Quarter Results On Broad Strength

General Dynamics Chairwoman and CEO Phebe Novakovic. Photo: General Dynamics

General Dynamics [GD] on Wednesday reported strong third quarter financial results with contributions coming from across its business segments. Net income increased 7 percent to $913 million, $3.14 earnings per share (EPS), from $851 million ($2.85 EPS) a year ago, topping consensus estimates by 7 cents EPS. Sales increased 7 percent to $9.8 billion from $9.1 billion a year ago. Operating margin held steady at 12.5 percent. Growth in the quarter was led by the company’s Aerospace segment on increased…

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