CLAIM #25626 · GD (GD) · 2025Q1 earnings call · Apr 23, 2025 · due Jun 30, 2025
“Yes, we're holding consistent for a whole series of reasons, including mips, among others, in the second quarter. Pretty much the progression that we gave you last call in January.”
Phebe Novakovic · CEO
In context
“and off I'd say for the last 15 years or so. So I haven't heard anything new particularly on that subject but it's frequently a question that comes up or a subject that comes up in extended conversations, so I'm sure it is on people's minds. Scott Mikus: Okay. And then turning to Gulfstream, deliveries were very good this quarter. Were there any customers that tried to accelerate the deliveries to get ahead of the tariffs? Phebe Novakovic: Not that I'm aware of. Scott Mikus: Okay, thanks very much. Operator: We'll go next to Gavin Parsons at UBS. Gavin Parsons: Thanks, good morning. Phebe Novakovic: Good morning. Gavin Parsons: Phebe, you mentioned the improvement in the G700 margin was 1Q better than your plan. And do you still expect a step down in the 2Q and 3Q margin? Phebe Novakovic: Yes, we're holding consistent for a whole series of reasons, including mips, among others, in the second quarter. Pretty much the progression that we gave you last call in January. So again, if that changes, we'll update you at the end of Q2, but so far that's still our plan. Gavin Parsons: Okay, appreciate it. And you mentioned you expect G800 certification to drive a step up in orders there. Did you book any G800s in the first quarter? Phebe Novakovic: We've had. Yes, I'm almost certain we did. And we've had certainly additional interest since the since the certification. It's a popular airplane. Let's recall that airplane is the replacement for the 650. 650s, as I noted, leave, it's out of production at the end of this quarter. It's already out of production actually largely, and we're in the delivery mode. So the last delivery will be this quarter, so that'll be an additional, I think stimulant to demand. Operator: And we'll move to our next question from Seth S”
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SEC filings for GD ↗ · Claim quote is verbatim from the 2025Q1 earnings call.