CLAIM #25501 · GD (GD) · 2024Q2 earnings call · Jul 24, 2024 · due Dec 31, 2024
“All up, that indicates EPS guidance of $14.40 to $14.50, $0.05 over prior guidance.”
Phebe Novakovic · CEO
In context
“ave revenue of about $200 million higher than previously projected as a result of continued demand. So look for total revenue of about $8.7 billion. Margin should be about the same. All in, operating earnings will be up $30 million over the previous forecast. Marine Systems revenue should be up $1 billion of Electric Boat and somewhat at Bath. So we will have annual revenue between $13.4 billion and $13.8 billion with an operating margin around 7.4%, with operating earnings up around $45 million over the January forecast. For Technologies, we are not changing our earlier guidance to you. On a company wide basis, we see annual revenue up about $2 billion, with overall margins down about 30 basis points. So total revenue of $47.8 billion to $48.2 billion, and operating earnings up modestly. All up, that indicates EPS guidance of $14.40 to $14.50, $0.05 over prior guidance. I will note that normally, this time of year, we have solid insight into revenue and margin. In this growth environment, the upside has been difficult to predict with equal clarity. Should anything materially change in Q3, I will give you another credit guidance. That concludes my remarks, and we'll be happy to take your questions. Nicole Shelton: Thank you, Phebe. 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: Thank you. We will now begin the question-and-answer session. [Operator Instructions]. We'll go to our first question from David Strauss at Barclays. David Strauss: Good morning. Thanks for taking my question. Phebe, on the G700, a”
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SEC filings for GD ↗ · Claim quote is verbatim from the 2024Q2 earnings call.