From Financial Modeling Prep: 2025-01-29 10:55:00

General Dynamics (NYSE:GD) stock dropped 3% after Q4 earnings missed expectations. Revenue of $13.34 billion beat estimates, but EPS of $4.15 fell short of the anticipated $4.30. CEO Phebe N. Novakovic emphasized steady revenue and earnings growth across all business segments.

In 2024, General Dynamics recorded $47.72 billion in revenue, up 12.9% from the previous year. The Aerospace division, including Gulfstream jets, saw deliveries rise to 47 aircraft from 39. Large-cabin jet deliveries also increased to 42 from 32, contributing to the company’s overall performance.

The company closed 2024 with a backlog of $90.6 billion, a 9.1% increase year-over-year. Despite the earnings miss, the book-to-bill ratio remained at 1-to-1, indicating a strong order pipeline for General Dynamics moving forward.



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