General Dynamics ( (GD) ) has released its Q4 earnings. Here is a breakdown of the information General Dynamics presented to its investors.
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General Dynamics, a global aerospace and defense company headquartered in Reston, Virginia, provides a broad range of products and services in business aviation, ship construction and repair, combat vehicles, and technology products. The company employs more than 110,000 people worldwide.
In its latest earnings report for the fourth quarter and full year of 2024, General Dynamics showcased significant growth in revenue and earnings. The company reported a fourth-quarter net earning of $1.1 billion, marking a 14.2% increase from the previous year, with revenue standing at $13.3 billion. For the entire year, net earnings rose by 14.1% to $3.8 billion, with revenue increasing by 12.9% to $47.7 billion.
Key financial highlights included a robust cash flow from operating activities of $2.2 billion for the quarter and $4.1 billion for the entire year. The company also ended the year with a strong backlog of $90.6 billion, with a total estimated contract value of $144 billion. Notable achievements in the Aerospace segment included the delivery of 136 aircraft throughout the year, with a significant portion being large-cabin aircraft.
In the defense segments, General Dynamics secured significant contracts, including a $5.6 billion U.S. Air Force contract and a $2.2 billion U.S. Space Force contract. The company also maintained a healthy book-to-bill ratio of 1-to-1 for the year, demonstrating strong order activity that positions it well for future growth.
Looking forward, General Dynamics remains optimistic about continued growth, supported by strong order activity and a substantial backlog. The company is well-positioned to capitalize on future opportunities in both its aerospace and defense segments, underscoring a positive outlook for stakeholders and investors.
