RESTON, Va. , Oct. 23, 2024 /PRNewswire/ -- General Dynamics (NYSE: GD) today reported third-quarter 2024 revenue of $11.
7 billion , up 10.4% from the third quarter of 2023. Operating earnings of $1.
2 billion were up 11.7% from the year-ago quarter. Diluted earnings per share (EPS) were $3.
35 , up 10.2% from the year-ago quarter. Operating margin for the quarter was 10.
1%, a 10-basis-point expansion from the year-ago quarter. "The company continues to see strong growth and steady improvement in operating performance," said Phebe Novakovic , chairman and chief executive officer. "Demand across the portfolio also remains strong in the current environment.
" Gulfstream delivered 28 aircraft in the quarter, of which 24 were large-cabin aircraft, including four G700s. This compares with 27 aircraft delivered in the year-ago quarter, of which 22 were large cabin. Cash and Capital Deployment Net cash provided by operating activities in the quarter was $1.
4 billion , or 152% of net earnings. During the quarter, the company paid $390 million in dividends, invested $201 million in capital expenditures, and used $44 million to repurchase shares, ending the quarter with $2.1 billion in cash and equivalents on hand.
Orders and Backlog The consolidated book-to-bill ratio, defined as orders divided by revenue, was 1.1-to-1 for the quarter. Company-wide backlog was $92.
6 billion . Estimated potential contract value, representing management's estimate of additional value in unfunded indefinite.
