General Dynamics Fourth-Quarter and Full-Year 2023 Highlights and Outlook Update

On January 24, 2024, General Dynamics Corp (NYSE:GD) released its 8-K filing, detailing a historic quarter with the highest earnings per share (EPS) and revenue in the company's history. The defense contractor and business jet manufacturer, known for its diverse portfolio including Gulfstream jets, Abrams tanks, and nuclear-powered submarines, demonstrated robust financial health and operational efficiency.

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Net Earnings: $1 billion in Q4, with full-year earnings of $3.3 billion.

Diluted EPS: Reached a record $3.64 in Q4, and $12.02 for the full year.

Revenue: Increased by 7.5% to $11.7 billion in Q4, and 7.3% to $42.3 billion for the full year.

Cash Flow: Net cash from operating activities was $1.2 billion in Q4, totaling $4.7 billion for the year.

Backlog: Ended the year with a record $93.6 billion backlog, indicating strong future revenue potential.

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