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.
通用動力公司（紐約證券交易所代碼：GD）公佈24財年第一季度業績後，股價走低。
Revenue grew 8.6% Y/Y to $10.73 billion, beating the consensus of $10.32 billion.
收入同比增長8.6％，達到107.3億美元，超過了市場預期的103.2億美元。
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).
按細分市場劃分的收入：航空航天20.8億美元（同比增長10.1％），海洋系統33.3億美元（同比增長11.3％），戰鬥系統21億美元（同比增長19.7％），技術32.1億美元（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.
該公司在本季度末積壓了937億美元，同比增長4.4％。該季度的合併賬面賬單比率爲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.
在航空航天領域，該季度的訂單總額爲24億美元，積壓量增加到205億美元（同比增長6.2％）。航空航天業本季度賬單總額爲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.
預計合同總價值（所有積壓部分的總和）爲1340億美元，在本季度末同比增長4.4％。
Operating earnings rose 10.4% Y/Y to $1 billion, and the margin expanded 20 basis points Y/Y to 9.7%.
營業收益同比增長10.4％，至10億美元，利潤率同比增長20個點子至9.7％。
EPS of $2.88 (up 9.1% Y/Y) missed the consensus of $3.03.
每股收益爲2.88美元（同比增長9.1％），未達到3.03美元的共識。
General Dynamics generated a negative operating cash flow of $(278) million in the quarter. Free cash outflow stood at $(437) million in the quarter.
通用動力在本季度產生了負運營現金流（2.78）億美元。本季度自由現金流出量爲4.37億美元。
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，該公司投資了1.59億美元的資本支出，支付了3.61億美元的股息，並使用1.05億美元回購了股票，在本季度末獲得了10億美元的現金及等價物。
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."
董事長兼首席執行官Phebe N. Novakovic表示：“儘管我們正在等待G700認證，但我們的業務在本季度取得了穩健的經營業績，收入和待辦事項增加，同時利潤率也有所擴大。”
"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."
“在航空航天領域，美國聯邦航空局最近對灣流G700的認證使我們能夠開始向客戶交付。這是2024年的良好開端，我們對前景仍然充滿信心。”
Also Read: General Dynamics' Unit Wins $1.3B Contract To Supply Armored Vehicles To Austrian Armed Forces
另請閱讀: 通用動力公司贏得13億美元向奧地利武裝部隊供應裝甲車的合同
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).
投資者可以通過第一信託交易所交易基金第一信託指數航空航天與國防ETF（紐約證券交易所代碼：MISL）和環球X基金環球X國防科技ETF（紐約證券交易所代碼：SHLD）獲得股票敞口。
Price Action: GD shares traded are down 5.8% at $275.64 at the last check Wednesday.
價格走勢：在週三的最後一次檢查中，GD股票下跌5.8％，至275.64美元。