Says three of four business segments in Q3 had revenue increases vs. the prior year. Expects to deliver ~42 G700’s in 2024, with 27 in Q4. Expects “reasonably strong” order intake in Q4. Says demand “remains solid” across Combat Systems segment. Says supply chain “not getting better at a fast enough pace.” Comments taken from Q3 earnings conference call.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on GD:
- Morning Movers: AT&T rises and Coca-Cola falls following quarterly reports
- General Dynamics reports Q3 EPS $3.35, consensus $3.47
- General Dynamics reports company-wide backlog of $92.6B
- Notable companies reporting before tomorrow’s open
- Embraer announces 33% YoY delivery increase in Q3, $22.7B backlog