General Dynamics Corporation (GD) Q2 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Relations. Please go ahead. Thank you, Operator, and good morning, everyone. Welcome to the General Dynamics Second Quarter 2025 Conference Call. Any forward-looking statements made today represent our estimates regarding the company's outlook. These estimates are subject to some risks and uncertainties. Additional information regarding these factors is contained in the company's 10-K, 10-Q, and 8-K filings. We will also refer to certain non-GAAP financial measures. For additional disclosures about these non-GAAP measures, including reconciliations to comparable GAAP measures, please see the slides that accompany this webcast, which are available on the Investor Relations page of our website, InvestorRelations.gd.com. On the call today are Fidi Novakovic, Chairman and Chief Executive Officer, Kim Correa, Chief Financial Officer, Danny Deeb, Executive Vice President, Global Operations, Jason Aiken, Executive Vice President, Combat and Mission Systems, and Amy Gilliland, Executive Vice President and President, GDIT. I will now turn the call over to Phoebe. Thank you, Nicole. Good morning, everyone, and thanks for being with us. Earlier today, we reported earnings of $3.74 per diluted share on revenue of $13 billion, operating earnings of $1.3 billion, and net income slightly over $1 billion. We enjoyed revenue increases at three of our four business segments compared to the year-ago quarter. Across the company, revenue increased over $1 billion, an 8.9% increase. Importantly, operating earnings of $1.3 billion are up almost 13%, once again demonstrating strong operating leverage. Similarly, net earnings are up 12%, and earnings per share are up 14.7% over the year-ago quarter. You will note we beat Street EPS consensus by 19 cents. On a year-to-date basis, revenue of $...