General Dynamics(US:GD) ZACKSยท2025-04-23 16:00Core Insights - General Dynamics Corporation (GD) reported first-quarter 2025 earnings per share (EPS) of $3.66, exceeding the Zacks Consensus Estimate of $3.47 by 5.5% and reflecting a 27.1% increase from $2.88 in the same quarter last year [1] - Total revenues reached $12.22 billion, surpassing the Zacks Consensus Estimate of $11.95 billion by 2.3% and showing a year-over-year improvement of 13.9% [2] Segment Performance - Aerospace segment revenues were $3.03 billion, up 45.2% year over year, with operating earnings improving 69.4% to $432 million [3] - Marine Systems revenues rose 7.7% to $3.59 billion, with operating earnings increasing 7.8% to $250 million [3] - Technologies segment revenues improved 6.8% to $3.43 billion, with operating earnings totaling $328 million, an 11.2% year-over-year increase [3] - Combat Systems revenues were $2.18 billion, up 3.5% from the previous year, with operating earnings improving 3.2% to $291 million [4] Operational Highlights - Operating earnings totaled $1.27 billion, a 22.4% increase from $1.04 billion in the prior year [5] - Operating costs and expenses increased 13% year over year to $10.96 billion [5] - Interest expenses rose 8.5% year over year to $89 million [5] Backlog and Financial Condition - Total backlog was $88.66 billion, down from $90.60 billion in the fourth quarter of 2024, with a funded backlog of $74.93 billion [6] - Cash and cash equivalents as of March 30, 2025, totaled $1.24 billion, down from $1.70 billion at the end of 2024 [7] - Long-term debt remained stable at $7.26 billion [7] - Cash used by operating activities in the first three months of 2025 was $148 million, compared to $278 million in the same period last year [7] Zacks Rank - General Dynamics currently holds a Zacks Rank 3 (Hold) [8]