MAAT INDEX

CLAIM #25374 · GD (GD) · 2023Q3 earnings call · Oct 25, 2023 · due Dec 31, 2023

There will be a number of puts and takes from what we published last quarter, but it should all come about the same place.

Jason Aiken · CFO

PENDING
graded after results covering Dec 31, 2023 are reported

In context

. That brings us to a net debt position of $7.9 billion, down nearly $1.4 billion from year end. Net interest expense in the quarter was $85 million, bringing interest expense for the first nine months of the year to $265 million, down from $279 million for the same period in 2022. Finally, the tax rate in the quarter was 15.6%, bringing the rate for the first nine months to 16.2%. This is consistent with our guidance last quarter to expect a lower rate in the third quarter and a higher rate in the fourth, so no change to our outlook of 17% for the full year, which again implies a higher tax rate in the discrete fourth quarter. Now let me turn it back to Jason for some final remarks. Jason Aiken: Thanks Bill. As far as year-end guidance is concerned, we’re holding at $12.65 for the year. There will be a number of puts and takes from what we published last quarter, but it should all come about the same place. Nicole, that will conclude our remarks, so I’ll turn the call back to you. Nicole Shelton: Thanks Jason. As a reminder, we ask participants to ask one question and one follow-up so that everyone has a chance to participate. Operator, could you please remind participants how to enter the queue? Operator: Yes, thank you. [Operator instructions] We will take our first question from Peter Arment with Baird. Your line is open. Peter Arment: Yes, thanks. Good morning, Jason and Bill. Jason, it sounds like there’s just obviously a lot of moving parts for Q4 at Gulfstream. Is there a cut-off date, you know, if certification happens in December versus November, about your ability to kind of push out those deliveries, and then any commentary on just--I know you’ve had a long term forecast of 170 d

Verify independently

SEC filings for GD · Claim quote is verbatim from the 2023Q3 earnings call.