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DE
Shipbuilding Leads GD To Solid Fourth Quarter In Finish To Strong Year
['Cal Biesecker']
Defense Daily
Led by its shipbuilding segment, General Dynamics [GD] on Wednesday posted solid fourth quarter results to cap off a strong fiscal year.
Net income in the quarter was flat at $1.1 billion and earnings per share (EPS) of $4.17 were two cents higher than a year ago due to a lower outstanding share count.
The results beat consensus estimates by a nickel.
Sales increased 8 percent to $14.4 billion from $13.3 billion a year ago.
GD’s Marine Systems segment had…