| Source: Motley Fool General Dynamics Corporation's (GD) CEO Phebe Novakovic on Q3 2020 Results - Earnings Call Transcri Oct. 28, 2020 | Price: Free! Ron Epstein -- Bank of America Merrill Lynch -- Analyst. 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? The year-over-year comparisons are reasonably favorable as well. And our next question today comes from David Strauss with Barclays. 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. Just any color you can provide on just how you're thinking about it right now. So I think it's important when you see these really critical important franchises that you divest yourself of non-core businesses and that's exactly what we've done. Image source: The Motley Fool. Does this suggest that you're thinking differently about how you manage from the corporate center? All right. And they've done a superb job in the last four quarters, even within this environment, of driving productivity improvements. July 26, 2017 9:00 am ET. General Dynamics Corp (NYSE: GD) Q1 2019 Earnings Call April 24, 2019, 9:00 a.m. You heard Phebe's remarks on that subject. General Dynamics (GD) Q4 2017 Earnings Conference Call Transcript | … Hello. ET Contents: Prepared. GDIT has, from the very get-go, had superior industry-leading, and not by a little, but by a lot, EBITDA margins. AngioDynamics Inc (ANGO) Q2 2021 Earnings Call Transcript. The biggest variable in achieving that mark will be Gulfstream order activity and our ongoing efforts to support our supply chain as we settle on production and delivery rates for next year. I think what we're focused on is growing free cash flow year over year. Thank you. Good morning and welcome to the General Dynamics Second Quarter 2019 Earnings Conference Call. Questions and Answers. Notably, this growth is broad based with year-over-year increases in four of our five segments. Contents: Prepared Remarks This is not bad considering the divestiture of our ground-based satellite antenna business in the second quarter and the impact of COVID-19. Prepared Remarks: Operator. 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. Total backlog of $81.5 billion is down $1.1 billion against the end of last quarter. And over time, as we really get into the -- in the fourth-quarter call and over time, as we really get into full rate production on Columbia, you'll get an awful lot of clarity on what the future looks like. It's all going to depend on the win rates in any given quarter and when the customers start deciding all of this enormous pent-up backlog of proposals they've got in front of them. 7/27/17. So electric boat has continued to find and will continue to find performance improvements as well as cost cutting. So internationally, we saw more of a pickup. July 26, 2017 9:00 am ET. Image source: The Motley Fool.General Dynamics (NYSE: GD) Q4 2017 Earnings Conference CallJan. Phebe, Jason, Howard good morning. I talked about that in my remarks that I think there's a lot of uncertainty with respect to the economy, political uncertainty. Was the book-to-bill of the 650 in the quarter above 1? General Dynamics (GD) Q3 2020 Earnings Call Transcript GD earnings call for the period ending September 30, 2020. GD: General Dynamics Corporation - Earnings Announcements. General Dynamics (GD) Up 2.4% Since Last Earnings Report: Can It Continue? What opportunity does that present for General Dynamics? Logo of jester cap with thought bubble. [Operator instructions] I would now like to turn the conference over to Howard Rubel, vice president of investor relations. From an order perspective, mission systems had a book-to-bill of 0.8 to 1 in the quarter. That said, our forecast for the quarter is right in line with what the fourth quarter has looked like in each of the past three years, so not an unusual task at this point. Please go ahead. They are heavily embedded in combat systems platforms within the Marine group and with GDIT. 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. Thank you Phebe, and good morning. Prepared Remarks: Operator. These third quarter submittals are additive to billions of dollars of prior proposal submissions awaiting customer decision. So that's a delta of like $1.3 billion. But you see what I'm getting at is, are -- is the virus causing people I guess the high net worth group, to want to travel privately where they might not have before? Sequentially, revenue was up $47 million or 2.7%, and operating earnings were up $31 million or 13% on 140 basis point improvement in operating margin. Questions and Answers. And then the other side obviously is Gulfstream with the inventory build that really is largely associated with three different aircraft models with test aircraft. One, to better meet demand, but very importantly, to allow the supply chain to catch up. October 25, 2017 9:00 am ET. 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. I want to know if you could elaborate on that a bit more. So that tells me that all of the growth that's embedded in those current budget numbers and future year budget numbers within the Department of the navy are going to be able to be capitalized by us and nice, nice top-line growth. All up, the defense business has been seriously impacted but is holding up and recovering well as you will see in the details. Thanks so much. » General Dynamics Corporation Q3 2009 Earnings Call Transcript Thank you, Jay, and good morning, everyone. Year-to-date revenue is down $137 million or 3.7% and earnings are down $15 million or 3% versus last year. Gulfstream led the way with 32 deliveries, 25 large and seven midsized. This is, as we've been talking about for some time, an enormous program of critical national importance. What do you think of that? Are you considering any further divestitures or additions to the portfolio? So assuming things continue to trend favorably as we've seen of late, we've got a path to close on our cash target for the year. But if the nation needs it, we'll accommodate it. And the unwinding of that, those test aircraft as well as just the general inventory build into new aircraft models, is all going to be predicated on the macroeconomic recovery and when that production rate gets back into full stride and starts to unwind that. So look, I believe in centers of excellence at the business units in which they concentrate on the real value-creation levers at their disposal. Alison Harbrecht - General Dynamics Corp. Phebe N. Novakovic - General Dynamics Corp. Jason W. Aiken - General Dynamics Corp. Analysts. General Dynamics Q1 2004 Earnings Conference Call Transcript – 2004-04-21 – US$ 54.00 – Final Transcript of GD earnings conference call or presentation, 21-Apr-04 11:00am ET So you see -- we're going to see bottom-line growth. Good morning. Contributor. General Dynamics Corporation (NYSE:GD) Q1 2020 Earnings Conference Call - Final Transcript Good morning and welcome to the General Dynamics' First Quarter 2020 Earnings Conference Call. And we are very good, as you can imagine, about integrating mission payloads into our ships and our submarines. I mean obviously those come through -- the reimbursement of those, the treatment there just implies you guys have found some performance efficiencies there. When do you expect to recover that? Phebe, I wondered if you might talk a little bit about the performance at EB. Phebe, it wasn't too long ago that you used to provide kind of backlog duration by platform at Gulfstream. One to one on growing revenue, I think it's quite nice. Well, let's think about it in two parts. As we are accelerating cash to suppliers, we're helping keep them going on an ongoing basis from month-to-month and quarter to quarter. Funded backlog, total backlog and total estimated contract value all grew nicely in the quarter. 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. Read full article. The 9.3% operating margin is handsome. I don't want to say anything is out of the question, David. We've told you I think a good bit about that throughout this year and that is on a trajectory. Jason Gursky - Citigroup Global Markets, Inc. Robert M. Spingarn - Credit Suisse Securities (NYSE:USA) LLC. Jason Gursky - Citigroup Global Markets, Inc. Robert M. Spingarn - Credit Suisse Securities (NYSE:USA) LLC. Good morning, ladies and gentlemen, and welcome to the General Dynamics Fourth-Quarter and Full-Year 2017 Earnings Conference Call. Executives. We have done some portfolio shaping at mission systems so we can concentrate on growing our nuclear triad lines of business, cyber defense, intel and assured navigation and positioning, all of which are critical capabilities that support U.S. defense strategy. Jan 6, … finance.yahoo.com August 28, 2020 General Dynamics Corp (GD) Q1 2020 Earnings Call Transcript And look, we -- the way we define how we operate, both in the moment and going forward is how to meet our customer needs. 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. General Dynamics (NYSE:GD)Q3 2020 Earnings CallOct 28, 2020, 9:00 a.m. So I would imagine those continue to grow. 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. This is a transcript of that earnings call: Company Participants Erin Linnihan; General Dynamics; Investor Relations Phebe Novakovic; General Dynamics; Chairman & CEO Returns as of 01/07/2021. And our next question today comes from Cai von Rumohr with Cowen. ... Q3 2018 Earnings Conference Call Transcript. We did it in two respects. The Simply Good Foods Company (SMPL) Q1 2021 Earnings Call Transcript. Thanks very much. 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. OK. And I had a quick one for Jason. So yes, so we've been talking to our navy customer about the ability of essentially the supply chain and the facilities to ramp up production. » 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. And we have been a part of both share planning and thinking at our customer levels for some time. It's really the 550 has gone away and we're not able in this demand environment to replace it with new airplanes -- with our new airplane models that we had anticipated. Absolutely. Call Participants. So I think that's all we can say in the moment about any specificity around the future. 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OK. And as a follow-up I guess Jason, on free cash flow as we think about next year. The year-to-date figures show a 4.5% growth in revenue and a 2.8% growth in earnings, pretty impressive given the COVID-related problems which were incurred early in the year, particularly in Spain. We've got to continue to support the elements of that supply chain that need it, particularly on the smaller business side. As you can discern from our press release, we reported earnings of $2.90 per diluted share on revenue of $9,430,000,000, operating earnings of $1.08 billion and net income of $834 million, all very significant improvements over the second quarter. By Seeking Alpha. Image source: The Motley Fool. And so I think that that's an important indicator of this business on a going-forward basis. Samuel J. [Operator instructions] Today's first question comes from Ron Epstein with BofA. We're sticking to our operations, doing what we do best. Let me turn the call over to our CFO, Jason Aiken, for additional remarks, and then we'll turn to your questions. It now appears that we will be right around 130. And then there were some things that really fit right into that like unmanned undersea. So I very much like where this business is. The Best Defense Stocks For Today — And The Future Yahoo 04/29 13:01 ET. So a solid foundation for resumed growth as we emerge from the pandemic. This growth is attributable largely to our submarine programs and electric boat. General Dynamics Corp. (NYSE:GD) Q3 2017 Earnings Call. So I'll just start with defense, right? Executives. Doug Harned -- Sanford C. Bernstein -- Analyst. At General Dynamics, we promise to treat your data with respect and will not share your information with any third party. General Dynamics (GD) Q3 2020 Earnings Call Transcript Oct. 28, 2020 | Price: Free! So the aerospace impact of $541 million of COVID, what do you base that on? Our effective tax rate for the quarter was 14.7%, bringing the rate for the first nine months to 15.2%. As one would expect, revenue was down $330 million or 3.4% against the third quarter last year. Logo of jester cap with thought bubble. Regarding the company's third-quarter performance. So we are always looking for opportunities to improve and focus our activities, but really no comment in the moment. So that's kind of how you reconcile those two concepts. Company Conference Call Transcripts. Phebe Novakovic -- Chairman and Chief Executive Officer. Volume: 52 Week High: 52 Week Low: Detailed Stock Information NYSE: BB. Please go ahead. At the moment, we are not planning for that increase. By Seeking Alpha. Welcome to the General Dynamics third-quarter 2020 conference call. So that has an uplift effect as well. In short, the pandemic remains an issue, but we have dealt with the health of our workforce in an effective way and continue to do so. Please go ahead. It's pretty impressive if you ask me. But before I get into the details at the operating level, particularly at aerospace and GDIT, where we experienced significant improvement, I want to spend a moment on the resilience and strength of the company's backlog. Yeah. Richard Safran -- Seaport Global Securities LLC -- Analyst. Thanks. Phebe, you mentioned earlier about leveraging the breadth of GD -- of the corporation for opportunities. 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. Turning to combat systems. COVID-19 has accelerated trends in technology that began before the pandemic including the speed with which technology is being developed and deployed to meet emergent mission requirements. General Dynamics CEO Discusses Q4 2010 Earnings Call Transcript Log In Receive full access to our market insights, commentary, newsletters, breaking news alerts, and more. General Dynamics Corp (GD) Q3 2018 Earnings Conference Call Transcript | Nasdaq … From an order perspective, GDIT's wins in the quarter, a number of which are highlighted in our release, demonstrate that GDIT is gaining traction and expanding their footprint in key technology focus areas, such as cloud computing, cybersecurity, artificial intelligence and digital modernization. So we're right on track to achieve our full-year target in the mid-15% range. Contributor . All earnings call transcripts on General Dynamics Corporation (GD) stock. For the defense businesses alone, the year-to-date revenue is up $98 million, and operating earnings are down only $51 million. And so we're going to continue to do that as the impact of the pandemic continues. So I think you'll continue to see this march toward productivity improvements, and electric boat is leading the way. Through the first three quarters of 2020, we have won considerably more new competitive work than in all of 2019, over 50% of awards in the third quarter are from competitive new business. We adhere to CDC guidelines, encourage social distancing and have a mandatory mask policy. Was this expansion into new markets? Please go ahead. To date, of our 100,000 employees, we've had about 1,800 cases, 1,500 of whom have fully recovered and are back to work, while many of the others are working from home during their quarantine. From an order perspective, sales activity in the quarter was a quantum leap better than the second quarter. Fiscal Year 2021 Third Quarter Earnings Call Slides. And they work well together. Executives. As anticipated when we started the year, the cash performance has stepped up markedly in each sequential quarter this year. 114%. General 2, … That has been an extraordinarily successful airplane and continues to endure and successfully endure. Thanks, Jason. General Dynamics Corporation Common Stock (GD) Stock Quotes - Nasdaq offers stock quotes & market activity data for US and global markets. OK. And as a follow-up then. So that's the first question on Gulfstream. Any forward-looking statements made today represent our estimates regarding the company's outlook. So Cai, keep in mind, that's a cumulative number that's been building throughout the year. So we are moving increasingly -- in response to the market, I might add, increasingly working on joint activities between those two businesses. So there's no fundamental change in how we see our business across our portfolios. This is a work in process, but on balance, I am confident that we are on a path to improved operating margins. With respect to individual lines of business within the unmanned world, we have -- mission systems has a number of lines of business that have been very active for quite some time in the undersea domain -- an unmanned undersea domain. So those are considerable headwinds. 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. ... Good morning and welcome to the General Dynamics … And our next question today comes from Richard Safran with Seaport Global. land systems estimated potential contract value also rose in the quarter. 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. Q1 2015 Conference Call Transcript The following GENERAL DYNAMICS CORP conference call took place on April 27, 2016, 09:00 AM ET. Please go ahead. ET Contents: . Well, I think the department is still working through how to operationalize 5G. Stock Advisor Flagship service. Cash from operations in the quarter was $1.1 billion and our free cash flow was $903 million, a 108% conversion rate. There's not an expectation that book-to-bill improves materially there? Jason W. Aiken — Senior Vice President and Chief Financial Officer. Over half of the 7.6% growth year to date is Columbia with considerably more coming. We're still targeting capex to approach 3% of revenues for the full year before declining over the next couple of years to our more typical 2% range. 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. So I think the way to think about the future, and while this will be somewhat lumpy on a going-forward quarterly basis, the fact that 50% of our growth this year has been in Columbia I think is a nice indicator of what this is going to mean to us in the future. I think it is an important indicator that by the end of the fourth quarter, we're going to have 90 of these 500s and 600s in customers' hands. Contents: Prepared Remarks. And so that kind of comes off the balance sheet naturally. GD earnings call for the period ending March 31, 2019. That was appropriate when we had all existing long-term airplanes that had been in the backlog for some time. But in addition to efficiency, the number of airplanes delivered really drive EBIT. Would you be willing to provide that now just given some of the changes in build rates that you're seeing? » General Dynamics Q4 2009 Earnings Call Transcript Good day, ladies and gentlemen, and welcome to the Third Quarter 2010 General Dynamics Earnings Conference Call. Through the end of the third quarter, we've received approximately $400 million of accelerated payments from our customers and advanced more than $1.7 billion to our suppliers. General Dynamics Q4 2009 Earnings Conference Call Transcript – 2010-01-27 – US$ 54.00 – Final Transcript of GD earnings conference call or presentation, 27-Jan-10 11:30am ET General Dynamics at Bank of America Securities Merrill Lynch Industrials Conference Transcript – 2009-12-08 – US$ 54.00 – Final Transcript of GD presentation, 8-Dec-09 9:50am ET We saw strong momentum on the growth front at GDIT with the largest award quarter this year and significant contract wins across all markets including over $1.5 billion of awards in our federal, civilian and defense divisions. I mean, there's a material difference in the kinds of airplanes that we have. Return. And if you recall, we had a significant number of our workforce who were covered under the CARES Act. It's already quite a large business, and it will continue to grow. And our final question today will come from Seth Seifman with JP Morgan. I mean, is 100% conversion next year out of the question at this point? GBX earnings call for the period ending November 30, 2020. General Dynamics Corp. (NYSE:GD) Q2 2017 Earnings Call. There will also be a modest reduction in midsized aircraft. AngioDynamics Inc (ANGO) Q2 2021 Earnings Call Transcript. General Dynamics Corp (NYSE: GD) Q3 2018 Earnings Conference Call Oct. 24, 2018 , 9:00 a.m. I was pretty I think fulsome in my remarks about the demand environment, but we saw good order activity internationally. General Dynamics has generated $11.98 earnings per share over the last year and currently has a price-to-earnings ratio of 13.3. In the naval business, there's been some discussions and whispers about a third Virginia class.