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GD’s Earnings, Sales Fall In Fourth Quarter

Cal Biesecker By
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GD’s Earnings, Sales Fall In Fourth Quarter
General Dynamics Chairwoman and CEO Phebe Novakovic. Photo: General Dynamics

General Dynamics [GD] on Wednesday posted top and bottom-line declines in its fourth quarter but for all of 2021 sales and earnings were higher. Major positives in the quarter and for the year included strong orders for the company’s Gulfstream business jets and robust free cash flow. Net income in the quarter fell 5 percent to $952 million, $3.39 earnings per share (EPS), from $1 billion ($3.49 EPS) a year ago, topping consensus estimates by two cents per share. Sales…

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