Overview

* General Dynamics ( GD ) Q3 revenue up 10.6% yr/yr, beating analyst expectations

* Diluted EPS for Q3 rises 15.8% yr/yr, reflecting strong operational performance

* Company reports strong order activity with a book-to-bill ratio of 1.5-to-1

Outlook

* Company did not provide specific future guidance

Result Drivers

* AEROSPACE PERFORMANCE - Aerospace segment revenue grew 30.3%, with 100 bps margin growth, on strong demand for business jets

* ORDER ACTIVITY - Strong order activity in all segments with a companywide book-to-bill ratio of 1.5-to-1

* SEGMENT GROWTH - All four segments grew earnings and backlog, driven by solid execution and demand

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 Beat $12.90 $12.56

Revenue bln bln (17

Analysts

)

Q3 EPS $3.88

Q3 Net $1.05

Income bln

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 12 "strong buy" or "buy", 9 "hold" and 1 "sell" or "strong sell"

* The average consensus recommendation for the aerospace & defense peer group is "buy"

* Wall Street's median 12-month price target for General Dynamics Corp ( GD ) is $360.00, about 5.1% above its October 23 closing price of $341.50

* The stock recently traded at 20 times the next 12-month earnings vs. a P/E of 18 three months ago

Press Release:

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)