- General Dynamics Corporation GD reported fourth-quarter FY22 sales growth of 5.4% year-on-year, to $10.85 billion, beating the consensus of $10.69 billion.
- Segment Revenues: Aerospace fell 4.3%, Marine Systems increased 3.4%, Combat Systems jumped 15.5% and Technologies rose 9.3%.
- The operating margin was 11.3% versus 11.5% a year ago, and operating income for the quarter rose 3.5% to $1.2 billion.
- The company held $1.2 billion in cash and equivalents as of Dec. 31, 2022, and the free cash flow was $175 million.
- Net debt for the quarter totaled $9.2 billion. Cash provided by operating activities in Q4 totaled $669 million. Inventories rose 18.4% to $6.3 billion.
- EPS of $3.58 beat the analyst consensus of $3.54.
- Price Action: GD shares are trading higher by 2.09% at $240.37 in premarket on the last check Tuesday.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in