) Overview

Aerospace and defense firm’s Q2 revenue rose 8.1% yr/yr, beating analyst expectations
Diluted EPS for Q2 increased 13.4% yr/yr to $4.24
Company reported strong order activity with a 1.4-to-1 book-to-bill ratio Outlook
General Dynamics says it is making significant investments to increase output for strong demand
Company notes strong order activity and high book-to-bill ratios across all segments
General Dynamics says it is well-positioned to support customer needs amid robust market conditions Result Drivers
SEGMENT GROWTH - Co said all four segments saw revenue growth, with double-digit increases and margin expansion in Aerospace and Marine Systems
INCREASED EXECUTION - Co attributed improved results to efforts to increase execution pace and deliver on backlog
INVESTMENTS TO BOOST OUTPUT - Co said it is making significant investments to increase output to meet strong and growing demand Company press release: Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q2 Beat $14.09 $13.54

Revenue bln bln (19

Analysts

)

Q2 Net $1.16

Income bln

Analyst Coverage

The current average analyst rating on the shares is “buy” and the breakdown of recommendations is 14 “strong buy” or “buy”, 10 “hold” and 1 “sell” or “strong sell”
Wall Street’s median 12-month price target for General Dynamics Corp is $390.00, about 0.8% below its July 28 closing price of $393.19
The stock recently traded at 22 times the next 12-month earnings vs. a P/E of 21 three months ago Reuters Recommended Reads
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July 29 - Rheinmetall posts record Q2 revenue growth, profit beats expectations For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact . (This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)