GD - General Dynamics Seems Like An Unstoppable Dividend Aristocrat After A Blowout Quarter

2024-01-24 13:45:27 ET

Summary

• General Dynamics reported fantastic earnings with substantial revenue and earnings growth.
• The aerospace segment shows significant improvements, driven by strong demand for Gulfstream aircraft.
• The company's outlook is very positive, with rising revenue, improved operating margins, and strong demand across all segments.

Introduction

Earnings season is heating up, which means we get to enjoy a wave of new data, comments, and other intel when we assess the world's largest corporations.

Yesterday, we discussed one of my all-time favorite companies, RTX Corporation ( RTX ), which was formerly known as Raytheon Technologies.

The defense giant benefited from massive demand growth in both defense and commercial aerospace, which allows the company to present a very rosy outlook....

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