General Dynamics beats by $0.12, misses on revs
- Reports Q4 (Dec) earnings of $2.50 per share, excluding non-recurring items, $0.12 better than the Capital IQ Consensus of $2.38; revenues rose 8.1% year/year to $8.28 bln vs the $8.4 bln Capital IQ Consensus.
- Company-wide operating margin was 12.5 percent for the fourth quarter, 250 basis points higher than the fourth-quarter 2016 margin.
- General Dynamics' total backlog at the end of 2017 was $63.2 billion. There was strong demand in the quarter across the company's portfolio. The estimated potential contract value, representing management's estimate of value in unfunded indefinite delivery, indefinite quantity (IDIQ) contracts and unexercised options, was $24.8 billion. Total potential contract value, the sum of all backlog components, was $88 billion at the end of the year