GD - General Dynamics Corporation (GD) Q2 2024 Earnings Call Transcript
2024-07-24 13:13:07 ET
General Dynamics Corporation (GD)
Q2 2024 Earnings Conference Call
July 24, 2024 09:00 AM ET
Company Participants
Nicole Shelton - Vice President, Investor Relations
Phebe Novakovic - Chairman and Chief Executive Officer
Kimberly Kuryea - Senior Vice President, Chief Financial Officer
Conference Call Participants
David Strauss - Barclays
Peter Arment - Baird
Robert Spingarn - Melius Research
Cai von Rumohr - TD Cowen
Jason Gursky - Citi
George Shapiro - Shapiro Research
Kenneth Herbert - RBC Capital Markets
Douglas Harned - Bernstein
Myles Walton - Wolfe Research
Scott Deuschle - Deutsche Bank
Robert Stallard - Vertical Research
Seth Seifman - JPMorgan
Ellen Page - Jefferies
Noah Poponak - Goldman Sachs
Matthew Akers - Wells Fargo
Presentation
Operator
Good morning, and welcome to the General Dynamics Second Quarter 2024 Earnings Conference Call. All participants will be in listen-only mode. Please note, this event is being recorded. All lines have been placed on mute to prevent any background noise. After the speakers' remarks, there will be a question-and-answer session. [Operator Instructions].
I would now like to turn the conference over to Nicole Shelton, Vice President of Investor Relations. Please go ahead.
Nicole Shelton
Thank you, operator, and good morning, everyone. Welcome to the General Dynamics second quarter 2024 conference call. Any forward-looking statements made today represent our estimates regarding the company's outlook. These estimates are subject to some risks and uncertainties. Additional information regarding these factors is contained in the company's 10-K, 10-Q and 8-K filings. We will also refer to certain non-GAAP financial measures. For additional disclosures about these non-GAAP measures, including reconciliations to comparable GAAP measures, please see the slides that accompany this webcast, which are available on the Investor Relations page of our website, investorrelations.gd.com.
On the call today are Phebe Novakovic, Chairman and Chief Executive Officer; and Kim Kuryea, Chief Financial Officer. I will now turn the call over to Phebe.
Phebe Novakovic
Thank you, Nicole. Good morning, everyone, and thanks for being with us. Earlier this morning, we reported earnings of $3.26 per diluted share on revenue of $11.98 billion, operating earnings of $1.16 billion and net income of $905 million. We enjoyed revenue increases at each of our four business segments compared to the year ago quarter. Across the company, revenue increased a strong 18%, with a 51% increase in our Aerospace segment and a 10% increase across our defense units, strong growth by any standard....
General Dynamics Corporation (GD) Q2 2024 Earnings Call Transcript