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RESTON, Va. - General Dynamics (NYSE:GD) reported first-quarter 2025 earnings that exceeded analyst expectations, with revenue rising 13.9% year-over-year on Wednesday.
The defense contractor’s stock edged down -0.27% in premarket trading following the results.
The company posted adjusted earnings per share of $3.66, beating the analyst consensus of $3.45. Revenue came in at $12.2 billion, surpassing estimates of $11.86 billion and up from $10.73 billion in the same quarter last year.
General Dynamics saw notable growth in its Aerospace segment, where revenue jumped 45.2% to $3.03 billion and operating earnings surged 69.4% to $432 million compared to the year-ago quarter.
"We continue to see steady growth and improvement in operating performance across the defense portfolio," said CEO Phebe Novakovic. "The Aerospace segment saw a significant increase in profitability, reflecting the manufacturing efficiencies associated with reaching higher levels of production on our new aircraft models."
The company’s total backlog at quarter-end stood at $88.7 billion. General Dynamics delivered 36 Gulfstream aircraft in Q1, up from 24 in the same period last year.
Operating margin expanded 70 basis points year-over-year to 10.4%. The company repurchased $600 million of shares and paid $383 million in dividends during the quarter.
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