Why Aerospace And Defense Giant General Dynamics Shares Are Diving Today
Why Aerospace And Defense Giant General Dynamics Shares Are Diving Today
The company ended the quarter with a $93.7 billion backlog, up 4.4% Y/Y. The consolidated book-to-bill ratio was 1 to 1 for the quarter.General Dynamics Corp (NYSE:GD) shares are trading lower after the company reported first-quarter FY24 results.
通用动力公司（纽约证券交易所代码：GD）公布24财年第一季度业绩后，股价走低。
Revenue grew 8.6% Y/Y to $10.73 billion, beating the consensus of $10.32 billion.
收入同比增长8.6％，达到107.3亿美元，超过了市场预期的103.2亿美元。
Revenue by segments: Aerospace $2.08 billion (+10.1% Y/Y), Marine Systems $3.33 billion (+11.3% Y/Y), Combat Systems $2.10 billion (+19.7% Y/Y) and Technologies $3.21 billion (-0.8% Y/Y).
按细分市场划分的收入：航空航天20.8亿美元（同比增长10.1％），海洋系统33.3亿美元（同比增长11.3％），战斗系统21亿美元（同比增长19.7％），技术32.1亿美元（同比下降0.8％）。
The company ended the quarter with a $93.7 billion backlog, up 4.4% Y/Y. The consolidated book-to-bill ratio was 1 to 1 for the quarter.
该公司在本季度末积压了937亿美元，同比增长4.4％。该季度的合并账面账单比率为1比1。
In the Aerospace segment, orders in the quarter totaled $2.4 billion, growing backlog to $20.5 billion (up 6.2% Y/Y). Aerospace book-to-bill was 1.2-to-1 for the quarter.
在航空航天领域，该季度的订单总额为24亿美元，积压量增加到205亿美元（同比增长6.2％）。航空航天业本季度账单总额为1.2比1。
The total estimated contract value, the sum of all backlog components, was $134 billion, up 4.4% Y/Y at the end of the quarter.
预计合同总价值（所有积压部分的总和）为1340亿美元，在本季度末同比增长4.4％。
Operating earnings rose 10.4% Y/Y to $1 billion, and the margin expanded 20 basis points Y/Y to 9.7%.
营业收益同比增长10.4％，至10亿美元，利润率同比增长20个基点至9.7％。
EPS of $2.88 (up 9.1% Y/Y) missed the consensus of $3.03.
每股收益为2.88美元（同比增长9.1％），未达到3.03美元的共识。
General Dynamics generated a negative operating cash flow of $(278) million in the quarter. Free cash outflow stood at $(437) million in the quarter.
通用动力在本季度产生了负运营现金流（2.78）亿美元。本季度自由现金流出量为4.37亿美元。
During the quarter, the company invested $159 million in capital expenditures, paid $361 million in dividends, and used $105 million to repurchase shares, ending the quarter with $1 billion in cash and equivalents.
在本季度中，该公司投资了1.59亿美元的资本支出，支付了3.61亿美元的股息，并使用1.05亿美元回购了股票，在本季度末获得了10亿美元的现金及等价物。
Phebe N. Novakovic, chairman and chief executive officer, said, "Our businesses delivered solid operating results in the quarter, growing revenue and backlog, while expanding margins, even as we awaited G700 certification."
董事长兼首席执行官Phebe N. Novakovic表示：“尽管我们正在等待G700认证，但我们的业务在本季度取得了稳健的经营业绩，收入和待办事项增加，同时利润率也有所扩大。”
"In the Aerospace segment, the recent FAA certification of the Gulfstream G700 has enabled us to begin customer deliveries. This is a strong start to 2024 and we remain confident in our outlook."
“在航空航天领域，美国联邦航空局最近对湾流G700的认证使我们能够开始向客户交付。这是2024年的良好开端，我们对前景仍然充满信心。”
Also Read: General Dynamics' Unit Wins $1.3B Contract To Supply Armored Vehicles To Austrian Armed Forces
另请阅读: 通用动力公司赢得13亿美元向奥地利武装部队供应装甲车的合同
Investors can gain exposure to the stock via First Trust Exchange-Traded Fund First Trust Indxx Aerospace & Defense ETF (NYSE:MISL) and Global X Funds Global X Defense Tech ETF (NYSE:SHLD).
投资者可以通过第一信托交易所交易基金第一信托指数航空航天与国防ETF（纽约证券交易所代码：MISL）和环球X基金环球X国防科技ETF（纽约证券交易所代码：SHLD）获得股票敞口。
Price Action: GD shares traded are down 5.8% at $275.64 at the last check Wednesday.
价格走势：在周三的最后一次检查中，GD股票下跌5.8％，至275.64美元。
