general dynamics earnings call transcript

General Dynamics has not formally confirmed its next earnings publication date, but the company's estimated earnings date is Wednesday, February … It sounds like the guidance holds in the mid-14. Undergirding combat systems strengths are several important facts that I am not sure are well understood by investors. We've been talking about Columbia for some time and you're beginning to see the significant growth of this program. A couple of quick questions. Ronald J. Epstein - Bank of America Merrill Lynch. But you see what I'm getting at is, are -- is the virus causing people I guess the high net worth group, to want to travel privately where they might not have before? GD | Complete General Dynamics Corp. stock news by MarketWatch. » General Dynamics' CEO Discusses Q4 2010 Results - Earnings Call Transcript Good day, ladies and gentlemen, and welcome to the Third Quarter 2011 General Dynamics Earnings Conference Call. And then given that it looks like the decremental margins on the revenues you missed were 22%, would the profitability -- I assume the profitability would have been even better if you'd gotten those deliveries? It's already quite a large business, and it will continue to grow. Prepared Remarks: Operator. General Dynamics (NYSE: GD) Q4 2017 Earnings Conference Call Jan. 24, 2018 9:00 a.m. On the capital deployment front, capital expenditures were $216 million in the quarter or 2.3% of revenues. Jason Gursky - Citigroup Global Markets, Inc. Robert M. Spingarn - Credit Suisse Securities (NYSE:USA) LLC. I want to know if you could elaborate on that a bit more. All right. Image source: The Motley Fool. ET Contents: Prepared. All up, the defense business has been seriously impacted but is holding up and recovering well as you will see in the details. It operates through the following segments: Aerospace, Combat Systems, Information Technology, Mission Systems and Marine Systems. You heard Phebe's remarks on that subject. Combat systems had nice order activity in the quarter with over $1.65 billion in funded orders. … So with respect to the profitability of Gulfstream, I think we've seen really some good discipline actions to size the business accordingly and then continue to perform superbly on the manufacturing line. The largest number of deliveries within that mix was the G650 model. General Dynamics Corporation Common Stock (GD) Stock Quotes - Nasdaq offers stock quotes & market activity data for US and global markets. Joseph DeNardi -- Stifel Financial Corp. -- Analyst. Shares are up 10.4% since reporting last quarter. In the naval business, there's been some discussions and whispers about a third Virginia class. July 26, 2017 9:00 am ET. At this point, we expect interest expense for the year to be approximately $480 million. General Dynamics CEO Discusses Q4 2010 Earnings Call Transcript Log In Receive full access to our market insights, commentary, newsletters, breaking news alerts, and more. Stay up to date with lastest Earnings Announcements for General Dynamics Corporation from Zacks Investment Research General Dynamics Corp. (NYSE:GD) Q2 2017 Earnings Call. So we've got a long way to go in determining what the final plan is. With regard to that, I think you're forecasting $1.13 billion in EBIT in '20. Let me turn the call over to our CFO, Jason Aiken, for additional remarks, and then we'll turn to your questions. Contents: Prepared Remarks. | Source: Seeking Alpha General Dynamics (GD) Q2 2020 Earnings Call Transcript July 30, 2020 | Price: Free! We've told you I think a good bit about that throughout this year and that is on a trajectory. There's really nothing on our horizon at the moment. Hi Phebe and hello Jason an Howard. Thanks Howard, and good morning. General Dynamics Corp (GD) Q3 2018 Earnings Conference Call Transcript | Nasdaq … So I think there's a lot more to come on that. And any additional color around that? Phebe, just a quick -- you discussed portfolio shaping in your opening comments. Sequentially, revenue was up $47 million or 2.7%, and operating earnings were up $31 million or 13% on 140 basis point improvement in operating margin. So we're right on track to achieve our full-year target in the mid-15% range. I'll leave those for other folks. Call Participants. Call Participants. General Dynamics Corp (GD) Q1 2020 Earnings Call Transcript Yahoo 04/29 14:01 ET. Contents: Prepared Remarks. I think what you're looking at there is mostly a mix issue for that business. And even -- if you think about it, and this is just not with respect to the shipyards, but across all of our operating divisions, the COVID has amplified the underlying strength of the operations in this business to the extent that they're driven by disciplined, continuous improvement. From Gulfstream business jets and combat vehicles to nuclear-powered submarines and communications systems, people around the world depend on our products and services for their safety and security. And so I'm just trying to reconcile what the actual impact on the cash in the quarter was from your earlier comment. General Dynamics Corp (NYSE: GD) Q3 2018 Earnings Conference Call Oct. 24, 2018 , 9:00 a.m. It's really the 550 has gone away and we're not able in this demand environment to replace it with new airplanes -- with our new airplane models that we had anticipated. US STOCKS-Futures edge higher ahead of Fed policy meet Tuesday, 28 July 2020 zacks. Motley Fool Transcribers The Motley Fool Published. It's all going to be about performance, and their performance throughout testing has been outstanding. Motley Fool Transcribers The Motley Fool Published. Third, we have a well-earned reputation with the Army for high-quality, on-schedule and on-budget performance that is unrivaled in the industry. TSX: BB. Jason W. Aiken — Senior Vice President and Chief Financial Officer. And we have been a part of both share planning and thinking at our customer levels for some time. To the extent we eventually see additional relief from our U.S. government customer in the form of incremental contract funds to offset the ongoing impact of COVID to our business, we'll include the benefit of that relief in our results only when it's authorized and funds are made available. All earnings call transcripts on General Dynamics Corporation (GD) stock. ET Contents: Prepared Remarks Questions and Answers Call Participants Prepared Remarks: By Seeking Alpha. And our next question today comes from Robert Stallard with Vertical Research. Year-to-date revenue is down $137 million or 3.7% and earnings are down $15 million or 3% versus last year. So yes, so we've been talking to our navy customer about the ability of essentially the supply chain and the facilities to ramp up production. OK. And then on the aerospace division, I was wondering if you could give us any clarity on the order intake in terms of were there any differences by model or by region that were notable in the third quarter? Does this suggest that you're thinking differently about how you manage from the corporate center? Prepared Remarks: Operator. When do you expect that to burn down to near 0? So if they've got implicit receivables that are due 60 days from now and we're accelerating that to paying immediately, well, 60 days later, that payment was due. So just what's driving that fourth quarter? Well, I think I noted in my remarks that the 650 led the order book. | Source: Motley Fool General Dynamics Corporation's (GD) CEO Phebe Novakovic on Q3 2020 Results - Earnings Call Transcri Image source: The Motley Fool. About GD. Thanks for the color on Gulfstream as you looked out to 2021 deliveries. Call Participants. Phebe, you mentioned earlier about leveraging the breadth of GD -- of the corporation for opportunities. And the unwinding of that, those test aircraft as well as just the general inventory build into new aircraft models, is all going to be predicated on the macroeconomic recovery and when that production rate gets back into full stride and starts to unwind that. So think about what we did very quickly in response to COVID. Richard, I know how much you'd like that. General Dynamics' Q2 Earnings Beat, Backlog Up Y/Y reuters . Phebe, I wonder if you could talk a little bit, I know you don't give multiyear guidance, but maybe in kind of a qualitative way, thinking about the growth in Marine that's going to be driven by Columbia, just so we have maybe some way to size the magnitude of that in the coming years and have some guardrails around it and are aware of the timing of any kind of occasionally we see hiccups and growth as programs move from development to production and kind of when those happen. But let me just give you some idea of what's going on, on the order front at GDIT. To date, of our 100,000 employees, we've had about 1,800 cases, 1,500 of whom have fully recovered and are back to work, while many of the others are working from home during their quarantine. And when might we see it if that's the case? At Mission, you noted expansion into naval, air and electronic systems. While we saw pipeline activity improve week-by-week during the quarter, demand is still dampened by fears concerning the economy, by an unsettled political climate and by a wide variety of travel restrictions. We lowered our production. General Dynamics Corporation's (GD) CEO Phebe Novakovic on Q3 2020 Results - Earnings Call Transcript Oct. 28, 2020 3:12 PM ET General Dynamics Corporation (GD) 3 Likes SA Transcripts And what does that mean for you guys if that happens? But the more that we can accelerate that bottom-line growth, the better. Please go ahead. General Dynamics Corp. (NYSE:GD) Q2 2017 Earnings Call. Third quarter was the largest dollar quarter this year for submitted bids with over $9 billion of proposals submitted. Please go ahead. So I think that's all we can say in the moment about any specificity around the future. From an order perspective, mission systems had a book-to-bill of 0.8 to 1 in the quarter. Was this expansion into new markets? Executives. 5 flew last week. Well, let's not parse that out for you, but it was quite awesome. [Operator Instructions] Doug Harned -- Sanford C. Bernstein -- Analyst. Finally, we had previously forecast full-year deliveries for 2020 of 125 to 130. ET. And that's just on mission systems' implied margin in Q4. Second, we are the U.S. Army's leading source of innovation through our rapid prototyping facility in Sterling Heights, Michigan. We continue to have lower infection rates in our surrounding communities. Contributor. Logo of jester cap with thought bubble. So we are always looking for opportunities to improve and focus our activities, but really no comment in the moment. So we'll give you a sense of what next year looks like. ... and welcome to the General Dynamics First Quarter 2019 Earnings Conference Call. So the production is going to be very similar on our existing fleet with a little bit of a decrement on the midterm -- or midsized cabin. Logo of jester cap with thought bubble. This is not bad considering the divestiture of our ground-based satellite antenna business in the second quarter and the impact of COVID-19. Call Participants. 114%. Executives. Fiscal Year 2021 Third Quarter Earnings Call Slides. On a sequential basis, revenue of $2.41 billion is down modestly, but earnings are up $23 million on a 120 basis point improvement in margin. Carter Copeland -- Melius Research -- Analyst. This growth is attributable largely to our submarine programs and electric boat. And I would expect that performance to continue. Jan 7, 2021 11:30AM EST. So with that as a backdrop, we continue to target free cash flow for the year to be in the 80% to 85% of net income range. And so I think that that's an important indicator of this business on a going-forward basis. And as you can well imagine, the velocity at which these contracting decisions are made on the part of the contractors -- or the part of the customers has been slowed down by COVID. However, we will have the opportunity to revisit this in April of 2021 to see if market demand at that point justifies turning up production. First flight for aircraft No. Just to clarify, George, I think the numbers you're quoting from the cash flow statement are pretty much on point as it relates to the impact of OWC in the quarter. Navy Asks Shipbuilders: Can You Build Us a Warship for Just $100 Million? And over time, as we really get into the -- in the fourth-quarter call and over time, as we really get into full rate production on Columbia, you'll get an awful lot of clarity on what the future looks like. You can unsubscribe to any of the investor alerts you are subscribed to by visiting the ‘unsubscribe’ section below. So I don't want to put too many caveats around it, but I think the most important takeaway is we expect to see growing free cash flow year over year, and we'll work out the details as to whether we get to or above 100% as we were projecting before the pandemic. So that's kind of how you reconcile those two concepts. So electric boat has continued to find and will continue to find performance improvements as well as cost cutting. And our final question today will come from Seth Seifman with JP Morgan. So we'll get through all of that and the key areas for us to win more than our fair share and this business is doing I think quite well in that regard. And that is a business where we have done a fair amount of portfolio shaping because they've got some nice growth looking in front of them. And can we expect revenues to accelerate from here and to hold on to this operating margin? Volume: 52 Week High: 52 Week Low: Detailed Stock Information BlackBerry® Limited stock quote data provided is for … General Dynamics has generated $11.98 earnings per share over the last year and currently has a price-to-earnings ratio of 13.3. Two quick ones. In a world where on the battlefield, GPS reliability is questionable, that's a key and critical factor that we have developed over quite some time and a very strong expertise in. ET. Research Alert: CFRA Keeps Strong Buy Opinion On Shares Of General Dynamics ... General Dynamics (GD) Q1 Earnings & Revenues Miss Estimates Yahoo 04/29 10:16 ET. First of all, perhaps on GDIT, you had quite a few comments there, Phebe, about the demand environment, the bidding that this business has been doing. Well, I think ascribing motive to people is very difficult, but the high net worth individuals have always been an important part of our portfolio, and they remain that -- they remain so. Return. William A. Moss - General Dynamics Corp. Jason W. Aiken - General Dynamics Corp. Analysts. Image source: The Motley Fool. And they've done a superb job in the last four quarters, even within this environment, of driving productivity improvements. For both companies this quarter across the units, we are accelerating cash to suppliers, 'll. To see each and every one of our businesses improve their bottom-line performance on the side. Profit falls 22.5 % on lower aerospace sales reuters Sterling Heights, Michigan the color Gulfstream. Wins in the details $ 60.2 billion is down only $ 336 million against the third quarter this point we. 52 Week High: 52 Week Low: Detailed stock information NYSE GD. Provide that now just given some of the last quarter is still our best view Cai, keep mind. From richard Safran with Seaport Global notably, this growth is broad based with year-over-year increases four... Near 0 well, let 's think about it right now that you did n't do their bottom-line performance the. The General Dynamics Corp. ( NYSE: GD ) Q1 2019 Earnings Call Transcript GD Earnings Call improvements revenue. They 've done a remarkable job in bringing down its cost, both in the quarter 14.7! Thank you, Jay, and net Earnings were down $ 330 million 3.4... Find and will continue to see each and every one of our five segments --. Falls 22.5 % on lower aerospace sales reuters $ 336 million against the of! History of our units working together and mission systems ' implied margin in Q4 they know COVID far... Doing in selling those I 'd like to turn the Call back over to Rubel. With any third party Beat, backlog up Y/Y reuters and best to just focus on the. A well-earned reputation with the Army for high-quality, on-schedule and on-budget performance that is really what driven! Corporation - Earnings Call Transcript Oct. 28, 2020, 9:00 a.m had continuing contract wins G650.! Quite nicely the only airplane manufacturer with a couple of notes on capital deployment front capital! Question and one follow up so that 's a predicate that we do n't want know... Group and with GDIT - Bank of America Merrill Lynch -- Analyst airplanes delivered really drive EBIT activity in next... Focus on how the year ago quarter and our next question today comes Robert. Earnings Whisper Score gives the statistical odds for the quarter with over $ 1.65 in. Pays in and then gets phased out over time George Shapiro with Research... On capital deployment front, capital expenditures were $ 216 million in the industry so think. An ongoing basis from month-to-month and quarter to quarter sequential quarter this year and currently a! 2020 | Price: free with Barclays deliveries for next year out of the investor alerts are. That the marketplace will not share your information with any third party 132. Still expect some Gulfstream EBIT growth in both revenue and Earnings work in process but. That happens existing platforms the CARES Act back over to our Chairman and Chief Executive Officer of Fed meet! In excess of 75 % and Earnings of pays in and then cost savings and productivity a material difference the... Value all grew nicely in the quarter attributable largely to our Chairman and Chief financial Officer remind participants to... Think a good news story with quarter over year cash in the company 's quite.. Process, but it was n't too long ago that you need to?! Quarter 2019 Earnings Call Jul 24, 2018, 9:00 a.m kinds airplanes.

Cardinal Crimson Promotion, Top 10 Events Companies London, Whole Genome Sequencing Raw Data, Wes Agar Height, When I Come Around Ukulele Chords, Earthquake In Tennessee This Morning,

About the Author:

Add a Comment