So we've got a long way to go in determining what the final plan is. However, we will have the opportunity to revisit this in April of 2021 to see if market demand at that point justifies turning up production. General Dynamics (GD) Q4 2017 Earnings Conference Call Transcript | … Are you considering any further divestitures or additions to the portfolio? View real-time stock prices and stock quotes for a full financial overview. General Dynamics is a global aerospace and defense company. So that's the first question on Gulfstream. All participants will be in listen-only mode. Hi. The three taken together result in good growth in backlog. Contents: Prepared Remarks. In the quarter, we paid $315 million in dividends, and we did not repurchase any shares of our stock. As you know, the G550 will go out of production next year, so there will be 13 fewer G550 deliveries. » General Dynamics' CEO Discusses Q4 2010 Results - Earnings Call Transcript Good day, ladies and gentlemen, and welcome to the Third Quarter 2011 General Dynamics Earnings Conference Call. So I think Gulfstream has done a remarkable job in bringing down its cost, both the restructuring and then cost savings and productivity. Motley Fool Transcribers The Motley Fool Published. So we'll get through all of that and the key areas for us to win more than our fair share and this business is doing I think quite well in that regard. General Dynamics Corp. (NYSE:GD) Q2 2017 Earnings Call. [Operator instructions] Today's first question comes from Ron Epstein with BofA. So as the economies recover with the diminution in infection rate, we'll see a pickup in all of that. But look, there's -- I wouldn't say that we don't expect book-to-bill to stay the same in perpetuity. Well, I think ascribing motive to people is very difficult, but the high net worth individuals have always been an important part of our portfolio, and they remain that -- they remain so. » General Dynamics CEO Discusses Q3 2010 Results - Earnings Call Transcript Good day ladies and gentlemen, and welcome to the Second Quarter 2011 General Dynamics Earnings Conference Call. So I expect their performance to continue. But cumulatively, we've been accelerating over time for call it the past six -- five, six months in excess of $1.7 billion to those suppliers. Well, I think I noted in my remarks that the 650 led the order book. AngioDynamics Inc (ANGO) Q2 2021 Earnings Call Transcript. Ronald J. Epstein - Bank of America Merrill Lynch. ... Q3 2018 Earnings Conference Call Transcript. While these numbers are down slightly, they represent a solid and enduring backlog. Before I address the company's quite good performance in the quarter, let me briefly update you on COVID-19's continuing impact. Good morning and welcome to the General Dynamics Second Quarter 2019 Earnings Conference Call. I think what you're looking at there is mostly a mix issue for that business. I want to know if you could elaborate on that a bit more. Executives. Volume: 52 Week High: 52 Week Low: Detailed Stock Information NYSE: BB. So with respect to forecasting, I think the guidance we gave you last quarter is still our best view. And we have been a part of both share planning and thinking at our customer levels for some time. So just what's driving that fourth quarter? General Dynamics Corporation Common Stock (GD) Stock Quotes - Nasdaq offers stock quotes & market activity data for US and global markets. Call Participants. So the other three large cabin aircraft will not experience much of a change in production rate or delivery. So by year-end, we should have over 90 aircraft in this family in customers' hands. General Dynamics Corp (NYSE: GD) Q2 2019 Earnings Call Jul 24, 2019, 9:00 a.m. The Best Defense Stocks For Today — And The Future Yahoo 04/29 13:01 ET. And look, we -- the way we define how we operate, both in the moment and going forward is how to meet our customer needs. Thanks for taking my question. In a world where on the battlefield, GPS reliability is questionable, that's a key and critical factor that we have developed over quite some time and a very strong expertise in. So Gen 1 will be a larger board device. While we saw pipeline activity improve week-by-week during the quarter, demand is still dampened by fears concerning the economy, by an unsettled political climate and by a wide variety of travel restrictions. Questions and Answers. And so that sort of pays in and then gets phased out and paid in and phased out over time. By Seeking Alpha. And missile fire control as well as assured position, navigation and timing. ET Contents: Prepared. William A. Moss - General Dynamics Corp. Jason W. Aiken - General Dynamics Corp. Analysts. They had revenue of $1.8 billion, up 3.5% over the year ago quarter. General Dynamics Corp (NYSE: GD) Q3 2019 Earnings Call Oct 23, 2019, 9:00 a.m. So I very much like where this business is. And then as I noted, we continue to work on margin expansion. So I think that's all we can say in the moment about any specificity around the future. So a solid foundation for resumed growth as we emerge from the pandemic. In the first instance, it's the job of our shipyards to integrate those capabilities into the existing platforms. I'll give you one little note to give you a sense of what's going to propel this growth. Please go ahead. Executives. General Dynamics Corp (GD) Q1 2020 Earnings Call Transcript Yahoo 04/29 14:01 ET. Good morning, ladies and gentlemen, and welcome to the General Dynamics Fourth-Quarter and Full-Year 2017 Earnings Conference Call. ET. When you look at -- there's been discussion I guess Secretary Esper was talking about a 550-ship navy. So the production is going to be very similar on our existing fleet with a little bit of a decrement on the midterm -- or midsized cabin. Rocco, would you please remind participants how to enter the queue? Shares are up 10.4% since reporting last quarter. GD earnings call for the period ending September 30, 2018. Our effective tax rate for the quarter was 14.7%, bringing the rate for the first nine months to 15.2%. So assuming things continue to trend favorably as we've seen of late, we've got a path to close on our cash target for the year. This is the best cash performance across General Dynamics, both in the quarter and year to date. [Operator Instructions] Please note, this event is being recorded. I am frequently asked about production and deliveries for next year. And that's all about productivity and efficiency at electric boat. The G500 and G600 program is progressing quite nicely. Questions and Answers. General Dynamics (GD) Q3 2020 Earnings Call Transcript Oct. 28, 2020 | Price: Free! They blend well together. First flight for aircraft No. Executives. Operating earnings of $270 million were up $6 million or 2.3% over the year ago quarter. And the unwinding of that, those test aircraft as well as just the general inventory build into new aircraft models, is all going to be predicated on the macroeconomic recovery and when that production rate gets back into full stride and starts to unwind that. In the quarter, our overall win rate was in excess of 75% and our recompete win rate was over 90%. Volume: 52 Week High: 52 Week Low: Detailed Stock Information BlackBerry® Limited stock quote data provided is for … And as you can imagine, we're developing plans to do that as well. All right. The following General Dynamics conference call took place on January 27, 2016, 11:30 AM ET. We go into production on Columbia with 80% of the construction drawings done compared to 43% on Virginia, and Virginia was one of the most successful programs the department has ever seen. Well, look, let us continue to work that. The third quarter rate was, as expected, below our full-year target as a result of lower taxes on international income and increased research and development tax credits. This is, as we've been talking about for some time, an enormous program of critical national importance. And obviously, the two major muscle movers there that have really been all part of the operating working capital side of that story are, on the one hand, the combat systems international program. This is a work in process, but on balance, I am confident that we are on a path to improved operating margins. Last quarter in my remarks, I told you that we fully expected to be back on track at Jet and Gulfstream in the third and fourth quarters, receiving the benefit of the cost reductions made and paid for in the second quarter. Download the investor presentation - earnings call slides. Robert Stallard -- Vertical Research -- Analyst. So we can quibble over the predicate. Thank you Phebe, and good morning. And then the last one, Jason mentioned you had $400 million in advances COVID cares related and yet you advanced $1.7 billion to your supplier. General Dynamics Q1 2020 earnings call dated April 29, 2020Corporate Participants: Howard A. Rubel — Vice President, Investor Relations. And I talked about the cyber defense tactical communications, we have a decades-long history and expertise in the nuclear triad, that will continue to grow. Questions and Answers. And if you recall, we had a significant number of our workforce who were covered under the CARES Act. So that's a delta of like $1.3 billion. GBX earnings call for the period ending November 30, 2020. In the meantime, our priority is to make sure that our supply chain which is we're all in a symbiotic relationship here, and what's good for one is good for the other. Our performance has been very, very strong on our existing contracts. Please go ahead. ET Contents: . Jason Gursky - Citigroup Global Markets, Inc. Robert M. Spingarn - Credit Suisse Securities (NYSE:USA) LLC. General Dynamics (NYSE: GD) Q4 2017 Earnings Conference Call Jan. 24, 2018 9:00 a.m. And as I noted in my remarks, we are -- with all of that top-line growth, we're going to push for margin expansion. Similarly, earnings of $168 million are up $4 million or 2.4% sequentially. Jan 7, 2021 11:30AM EST. 7/27/17. General Dynamics Q2 2020 Earnings Call Transcript Wednesday, 29 July 2020 zacks. Founded in 1993 by brothers Tom and David Gardner, The Motley Fool helps millions of people attain financial freedom through our website, podcasts, books, newspaper column, radio show, and premium investing services. I mean, there's a material difference in the kinds of airplanes that we have. We've told you I think a good bit about that throughout this year and that is on a trajectory. Phebe, for you, I know you talked about Gulfstream demand, but I just wanted to ask from one other angle, has the customer mix lately, since COVID, changed between the number of high net worth individuals versus corporate buyers? Alison Harbrecht - General Dynamics Corp. Phebe N. Novakovic - General Dynamics Corp. Jason W. Aiken - General Dynamics Corp. Analysts. GDIT continued its strong cash performance. General Dynamics (GD) Q3 2017 Results - Earnings Call Transcript. Contents: Prepared Remarks. So electric boat has continued to find and will continue to find performance improvements as well as cost cutting. And so I'm just trying to reconcile what the actual impact on the cash in the quarter was from your earlier comment. And we've long talked about that strong operations is the key to financial success, adding good contract bidding. I was pretty I think fulsome in my remarks about the demand environment, but we saw good order activity internationally. All up, the defense business has been seriously impacted but is holding up and recovering well as you will see in the details. Stock Advisor Flagship service. General Dynamics Corp (NYSE: GD) Q4 2018 Earnings Conference Call Jan. 30, 2019, 9:00 a.m. Notably, this growth is broad based with year-over-year increases in four of our five segments. If you experience any issues with … By Seeking Alpha. Image source: The Motley Fool.General Dynamics (NYSE: GD) Q4 2017 Earnings Conference CallJan. S&P. And even -- if you think about it, and this is just not with respect to the shipyards, but across all of our operating divisions, the COVID has amplified the underlying strength of the operations in this business to the extent that they're driven by disciplined, continuous improvement. Contents: Prepared Remarks. The 9.3% operating margin is handsome. So we are always looking for opportunities to improve and focus our activities, but really no comment in the moment. Please go ahead. Additional information regarding these factors is contained in the company's 10-K, 10-Q and 8-K filings. Return. 24, 2018 9:00 a.m. ETOperatorContinue readingSource: Fool.com Image source: The Motley Fool. ET Contents: Prepared Remarks Questions and Answers Call Participants Prepared Remarks: Now within that, we have also, quite predictably, and as we told you, rightsized that business and will continue to do so, so that we manage our margins and really push them to be as high as they can. … Research Alert: CFRA Keeps Strong Buy Opinion On Shares Of General Dynamics ... General Dynamics (GD) Q1 Earnings & Revenues Miss Estimates Yahoo 04/29 10:16 ET. The Earnings Whisper Score gives the statistical odds for the stock ahead of earnings. You're going to have some variances over the quarter. That was appropriate when we had all existing long-term airplanes that had been in the backlog for some time. OK. Yeah, understood. General Dynamics Corp (NYSE: GD) Q3 2018 Earnings Conference Call Oct. 24, 2018 , 9:00 a.m. July 26, 2017 9:00 am ET. General Dynamics' Q2 Earnings Beat, Backlog Up Y/Y reuters . Just recall, that implies a somewhat higher tax rate in the fourth quarter to get to that full-year rate. On a sequential basis, revenue of $2.41 billion is down modestly, but earnings are up $23 million on a 120 basis point improvement in margin. There will also be a modest reduction in midsized aircraft. From an order perspective, sales activity in the quarter was a quantum leap better than the second quarter. So that's kind of how you reconcile those two concepts. That said, you'll note, if you look at our cash flow statement in our exhibits, our receivables and unbilled receivables in the quarter as well as payables on the supply side continue to be a bit of an OWC headwind for us, and that's really all attributable to a lot of that timing. Executives. General Dynamics Corp. (NYSE:GD) Q3 2017 Earnings Call. Expect some Gulfstream EBIT growth in backlog the smaller business side our horizon at moment! 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