Slide 1: Second-Quarter 2024 Highlights and Outlook Update
Second-Quarter 2024 Highlights and Outlook Update July 24, 2024
Slide 2: Forward-Looking Statements; Non-GAAP Measures
Forward-Looking Statements; Non-GAAP Measures This presentation contains forward-looking statements (FLS), including statements about the company’s future operational and financial performance, which are based on management’s expectations, estimates, projections and assumptions. Words such as “expec
Slide 3: Second-Quarter 2024 Financial Highlights
Second-Quarter 2024 Financial Highlights $ In Millions, Except EPS Second Quarter 2024 2023 2Q24 vs. 2Q23 Revenue $ 11,976 $ 10,152 18.0% Operating Earnings 1,156 962 20.2% Operating Margin 9.7% 9.5% 20 bps Net Earnings 905 744 21.6% EPS, Diluted 3.26 2.70 20.7% Cash From Operations $ 814 $ 731 11.4
Slide 4: Aerospace – Second-Quarter 2024 Highlights
Aerospace – Second-Quarter 2024 Highlights Revenue Operating Earnings and Total Backlog and $ In Millions Operating Margin Orders $ In Millions $ In Billions 12.1% $20.5 $20.5 $2,940 10.9% $20.1 $20.0 $19.5 $3.2 $1,953 $319 $2.9 $2.7 $2.5 $2.4 $236 2Q23 2Q24 2Q23 2Q24 2Q23 3Q23 4Q23 1Q24 2Q24 • Stro
Slide 5: Combat Systems – Second-Quarter 2024 Highlights
Combat Systems – Second-Quarter 2024 Highlights Revenue Operating Earnings and Total Backlog and $ In Millions Operating Margin Orders $ In Millions $ In Billions $16.7 13.7% $15.6 13.0% $15.1 $15.1 $14.5 $2,288 $313 $1,924 $3.3 $3.4 $2.8 $251 $2.3 $1.6 2Q23 2Q24 2Q23 2Q24 2Q23 3Q23 4Q23 1Q24 2Q24 •
Slide 6: Marine Systems – Second-Quarter 2024 Highlights
Marine Systems – Second-Quarter 2024 Highlights Revenue Operating Earnings and Total Backlog and $ In Millions Operating Margin Orders $ In Millions $ In Billions $47.7 7.7% $43.7 $45.9 $44.1 $3,453 7.1% $41.3 $3,059 $7.0 $245 $235 $3.2 $1.6 $1.6 $0.7 2Q23 2Q24 2Q23 2Q24 2Q23 3Q23 4Q23 1Q24 2Q24 • 1
Slide 7: Technologies – Second-Quarter 2024 Highlights
Technologies – Second-Quarter 2024 Highlights Revenue Operating Earnings and Total Backlog and $ In Millions Operating Margin Total Estimated Contract Value $ In Millions $ In Billions 9.7% $42.7 $40.7 $40.8 $41.5 $3,216 $3,295 8.8% $40.0 $320 $283 $13.5 $13.2 $13.1 $12.7 $12.7 2Q23 2Q24 2Q23 2Q24 2
Slide 8: 2024 Financial Guidance Comparisons
2024 Financial Guidance Comparisons 2023 Actual January 2024 Guidance July 2024 Guidance EPS, diluted $12.02 $14.35 – 14.45 $14.40 – 14.50 Operating Operating Operating Revenue ($B) Revenue ($B) Revenue ($B) Margin Margin Margin $8.6 ≈ $12.0 ≈ $12.7 Aerospace 13.7% ≈ 15.0% ≈ 14.0% 111 deliveries ≈ 1
Slide 9: General Dynamics
GENERAL DYNAMICS