CLAIM #25591 · GD (GD) · 2024Q4 earnings call · Jan 29, 2025 · due Dec 31, 2025
“We continue to see long-term single-digit growth from the group and continued industry-leading margins.”
Phebe Novakovic · CEO
In context
“in 2025. In Combat Systems, we expect revenue to be up slightly to about $9.1 billion, coupled with a 30 basis point improvement in operating margin of 14.5%. This should lead to improved earnings 3.5% to 4% better than in 2024. As I noted earlier, the Marine Group has been on a remarkable growth journey. It will continue in 2025, albeit at a slightly lower rate. Our outlook for this year anticipates revenue of around $15 billion with operating margin improvement to 6.8%, which should result in 10% or better improvement in earnings in 2025. In Technologies, 2025 revenue is expected to be $13.5 billion. Within the group, GDIT will be up low single digits and Mission Systems will be slightly down less than 0.5%. Operating margins are expected to decrease about 40 basis points to about 9.2%. We continue to see long-term single-digit growth from the group and continued industry-leading margins. So for 2025 company-wide, we expect to see revenue of approximately $50.3 billion, an increase of around 5.5%. We anticipate margin of 10.3%, up 20 basis points from 2024. All of this rolls up to a EPS forecast around $14.80 with a reasonable range of $14.75 to $14.85. None of this contemplates or includes the use of capital for share repurchases. On a quarter basis, if one were to assume an average of $3.70 per quarter, the first quarter would be off $0.20, the second quarter of $0.40, the third quarter right on the number and the fourth, up $0.60. To wrap up, as we go into 2025, we feel very good about our business and the prospects for the year. We also have some very good opportunities across the business to improve operating margins that experienced some additional growth. Simply, we”
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SEC filings for GD ↗ · Claim quote is verbatim from the 2024Q4 earnings call.