Richard, I know how much you'd like that. The G700 development continues to proceed at pace with the first three flight test airplanes accumulating 750 hours at the end of the quarter, reaching a speed of Mach 0.99 and climbing to an altitude of 54,000 feet. 4 was the week of October 5 and No. Contents: Prepared Remarks. And so that sort of pays in and then gets phased out and paid in and phased out over time. General Dynamics Corp (NYSE: GD) Q4 2018 Earnings Conference Call Jan. 30, 2019, 9:00 a.m. If you experience any issues with … Let me turn the call over to our CFO, Jason Aiken, for additional remarks, and then we'll turn to your questions. You're going to have some variances over the quarter. 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. Cash from operations in the quarter was $1.1 billion and our free cash flow was $903 million, a 108% conversion rate. And then as I noted, we continue to work on margin expansion. Please go ahead. That helps manage any crisis including this pandemic. Executives. Good morning, and welcome to the General Dynamics Fourth Quarter and Full Year 2018 Earnings Conference Call. GDIT has, from the very get-go, had superior industry-leading, and not by a little, but by a lot, EBITDA margins. We adhere to CDC guidelines, encourage social distancing and have a mandatory mask policy. Download the investor presentation - earnings call slides. 5 flew last week. And our next question today comes from David Strauss with Barclays. So by year-end, we should have over 90 aircraft in this family in customers' hands. In the naval business, there's been some discussions and whispers about a third Virginia class. These estimates are subject to some risks and uncertainties. Any forward-looking statements made today represent our estimates regarding the company's outlook. Image source: The Motley Fool. Good morning and welcome to the General Dynamics third-quarter 2020 earnings conference call. And frankly, as you well know, we are the only airplane manufacturer with a truly clean sheet airplane. Contents: Prepared Remarks General Dynamics Corp (NYSE: GD) Q2 2019 Earnings Call Jul 24, 2019, 9:00 a.m. As I indicated earlier, information technology, our defense business most directly impacted by COVID-19, had a very good third quarter. Do you think that there are any holes in the portfolio right now that you need to fill? I mean, there's a material difference in the kinds of airplanes that we have. And as I noted in my remarks, we are -- with all of that top-line growth, we're going to push for margin expansion. Our next question today comes from Doug Harned with Bernstein. And can we expect revenues to accelerate from here and to hold on to this operating margin? By Seeking Alpha. Market data powered by FactSet and Web Financial Group. Thanks so much. So Phebe -- yes. General Dynamics Corp. (NYSE:GD) Q3 2017 Earnings Call. Turning to combat systems. In the quarter, our overall win rate was in excess of 75% and our recompete win rate was over 90%. As one would expect, revenue was down $330 million or 3.4% against the third quarter last year. Prepared Remarks: Operator. As of the end of the quarter, our funded backlog, total backlog and total estimated contract value are all up significantly compared with this point a year ago. This is not bad considering the divestiture of our ground-based satellite antenna business in the second quarter and the impact of COVID-19. And then just on GDIT, I think the traditional metric that folks look at to kind of understand growth is book-to-bill, and book-to-bill there for you all is OK. Is that expected to turn? So I think Gulfstream has done a remarkable job in bringing down its cost, both the restructuring and then cost savings and productivity. Analysts: Seth Seifman — JP Morgan Chase & Co. — Analyst. There's not an expectation that book-to-bill improves materially there? Find the latest Earnings Report Date for General Dynamics Corporation Common Stock (GD) at Nasdaq.com. General Dynamics Corporation's (GD) CEO Phebe Novakovic on Q3 2020 Results - Earnings Call Transcript Oct. 28, 2020 3:12 PM ET General Dynamics Corporation (GD) 3 Likes SA Transcripts The group had a book-to-bill of 0.9 to 1, together with favorable exchange rates and the acquisition of Medico. All participants will be in listen-only mode. A couple of quick questions. 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. Shares are up 10.4% since reporting last quarter. I'm pretty intrigued by the margins given the COVID costs that you've outlined year to date. Stock Advisor Flagship service. Jason W. Aiken — Senior Vice President and Chief Financial Officer. Well, let me address that. On a sequential basis, this is an operating earnings improvement of $124 million driven by a 620 basis point improvement in operating margins. OK. And as a follow-up I guess Jason, on free cash flow as we think about next year. Ronald J. Epstein - Bank of America Merrill Lynch. There's a predicate that we finally turned the corner. First flight for aircraft No. There are very nice sequential improvements in revenue, operating earnings and operating margin. And so I think that that's an important indicator of this business on a going-forward basis. The largest number of deliveries within that mix was the G650 model. Was this expansion into new markets? So I wanted to get your thoughts on further portfolio shaping. Cai von Rumohr -- Cowen and Company -- Analyst. Absolutely. Before I address the company's quite good performance in the quarter, let me briefly update you on COVID-19's continuing impact. You heard Phebe's remarks on that subject. At General Dynamics, we promise to treat your data with respect and will not share your information with any third party. 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. 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. We saw lighter customer activity with reduced expected sales of some products, but we expect that to remedy as customers return more fully to work. Defense Stock Q2 Earnings Reports Due on Jul 29: BA & GD Monday, 27 July 2020 reuters. You can unsubscribe to any of the investor alerts you are subscribed to by visiting the ‘unsubscribe’ section below. General Dynamics Corp. (NYSE:GD) Q3 2017 Earnings Call. I mean obviously those come through -- the reimbursement of those, the treatment there just implies you guys have found some performance efficiencies there. First, we are, without question, the premier integrator of land combat systems worldwide. … General Dynamics (GD) Q3 2020 Earnings Call Transcript Oct. 28, 2020 | Price: Free! Thanks, Jason. 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. Yeah. 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. ET. | Source: Seeking Alpha General Dynamics (GD) Q2 2020 Earnings Call Transcript July 30, 2020 | Price: Free! General Dynamics Corp (GD) Q3 2019 Earnings Call Transcript GD earnings call for the period ending September 30, 2019. And our final question today will come from Seth Seifman with JP Morgan. So we can quibble over the predicate. 567%. Well, look, let us continue to work that. 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. Carter Copeland -- Melius Research -- Analyst. So with respect to the profitability of Gulfstream, I think we've seen really some good discipline actions to size the business accordingly and then continue to perform superbly on the manufacturing line. General Dynamics' Q2 Earnings Beat, Backlog Up Y/Y reuters . General Dynamics Corp (NYSE: GD) Q3 2018 Earnings Conference Call Oct. 24, 2018 , 9:00 a.m. With that complete, it's my pleasure to turn the call over to our chairman and chief executive officer, Phebe Novakovic. As we turn to our results in the quarter, I'll spend less time on quarter over year ago quarter and year-to-date comparisons that are well stated in Exhibits A and B of the press release, and instead focus my remarks on operations, the significant sequential improvements and meaningful developments in the quarter. This is a transcript of that earnings call: Company Participants Erin Linnihan; General Dynamics; Investor Relations Phebe Novakovic; General Dynamics; Chairman & CEO OK. And then just one for you, Jason. Please go ahead. Funded backlog at $60.2 billion is down only $950 million. October 25, 2017 9:00 am ET. Howard Rubel -- Vice President of Investor Relations. Joseph DeNardi -- Stifel Financial Corp. -- Analyst. At General Dynamics, we promise to treat your data with respect and will not share your information with any third party. Two quick ones. Phebe, it wasn't too long ago that you used to provide kind of backlog duration by platform at Gulfstream. So I think there's a lot more to come on that. We've been talking about Columbia for some time and you're beginning to see the significant growth of this program. Are you considering any further divestitures or additions to the portfolio? Ron Epstein -- Bank of America Merrill Lynch -- Analyst. So we are moving increasingly -- in response to the market, I might add, increasingly working on joint activities between those two businesses. View real-time stock prices and stock quotes for a full financial overview. General Dynamics (GD) Q4 2017 Earnings Conference Call Transcript | … With regard to that, I think you're forecasting $1.13 billion in EBIT in '20. So assuming things continue to trend favorably as we've seen of late, we've got a path to close on our cash target for the year. These are really within our core that we've had continuing contract wins. General Dynamics profit falls 22.5% on lower aerospace sales reuters. So there's no fundamental change in how we see our business across our portfolios. How much potentially could that conversion number bump up? General Dynamics Q1 2004 Earnings Conference Call Transcript – 2004-04-21 – US$ 54.00 – Final Transcript of GD earnings conference call or presentation, 21-Apr-04 11:00am ET General Dynamics is a global aerospace and defense company. The 9.3% operating margin is handsome. However, total estimated contract value of $132 billion is down only $336 million against the end of the last quarter. The numbers on the payment advances and accelerations from our customers and to our suppliers, keep in mind, that's not a cumulative $1.3 billion of implied pent-up cash on the balance sheet as of the end of the quarter. Image source: The Motley Fool.General Dynamics (NYSE: GD) Q4 2017 Earnings Conference CallJan. But I think that portfolio shaping is only effectively discussed after the fact. And we are very good, as you can imagine, about integrating mission payloads into our ships and our submarines. And one of the opportunities could be in the area of 5G, and you've won contracts both at GDIT and at mission systems related to that. It is part of our continuing effort in the Marine group to improve operating margin to go with the very real growth in revenue over time. 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. On the defense side, our Pentagon customer continues to lean forward with accelerated contract payments to support the industrial base and we, in turn, continue to do the same for our supply chain. This is a very efficient yard that's getting better and better and better at what they do. Fiscal Year 2021 Third Quarter Earnings Call Slides. So that's kind of how you reconcile those two concepts. 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. TSX: BB. 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. Phebe, just a quick -- you discussed portfolio shaping in your opening comments. And that's just on mission systems' implied margin in Q4. 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. 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General Dynamics Corp. (NYSE:GD) Q3 2017 Earnings Call. General Dynamics Corp (NYSE: GD) Q1 2019 Earnings Call April 24, 2019, 9:00 a.m. So that has an uplift effect as well. This improved award performance is encouraging and bodes well for the business as it submits a record number of proposals this year. So a solid foundation for resumed growth as we emerge from the pandemic. Alison Harbrecht - General Dynamics Corp. Phebe N. Novakovic - General Dynamics Corp. So that's what you expect from that business going forward? General Dynamics Q1 2020 earnings call dated April 29, 2020Corporate Participants: Howard A. Rubel — Vice President, Investor Relations. These are all new models. View the Presentation BlackBerry Analyst Summit 2020 View the Presentation Current Stock Quote. General Dynamics (GD) Up 2.4% Since Last Earnings Report: Can It Continue? Third quarter was the largest dollar quarter this year for submitted bids with over $9 billion of proposals submitted. And then we still have highly restrictive travel restrictions across the world. July 26, 2017 9:00 am ET. US STOCKS-Futures edge higher ahead of Fed policy meet Tuesday, 28 July 2020 zacks. So the other three large cabin aircraft will not experience much of a change in production rate or delivery. Call Participants. And I would expect that performance to continue. Please go ahead, sir. ET. By Seeking Alpha. October 25, 2017 9:00 am ET. 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. Operating earnings of $270 million were up $6 million or 2.3% over the year ago quarter. Volume: 52 Week High: 52 Week Low: Detailed Stock Information BlackBerry® Limited stock quote data provided is for … Contents: Prepared Remarks. So you're continuing to see each and every one of our businesses improve their bottom-line performance on the operating side. Undergirding combat systems strengths are several important facts that I am not sure are well understood by investors. Questions and Answers. GD | Complete General Dynamics Corp. stock news by MarketWatch. Prepared Remarks: Operator. General Dynamics (GD) Q3 2020 Earnings Call Transcript GD earnings call for the period ending September 30, 2020. Additional information regarding these factors is contained in the company's 10-K, 10-Q and 8-K filings. No. ET. General Dynamics (GD) Q3 2017 Results - Earnings Call Transcript. Samuel J. So those are considerable headwinds. When do you expect to recover that? Executives. Good morning. And again, they have continued to have outstanding cash performance. 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. And that is a business where we have done a fair amount of portfolio shaping because they've got some nice growth looking in front of them. [Operator Instructions] Please note, this event is being recorded. First of all, perhaps on GDIT, you had quite a few comments there, Phebe, about the demand environment, the bidding that this business has been doing. General Dynamics Corporation Common Stock (GD) Stock Quotes - Nasdaq offers stock quotes & market activity data for US and global markets. Operator, we'll take one more question please. 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. 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. Just any color you could provide there? Just any color you can provide on just how you're thinking about it right now. Rocco, would you please remind participants how to enter the queue? Please go ahead. Stay up to date with lastest Earnings Announcements for General Dynamics Corporation from Zacks Investment Research We lowered our production. Image source: The Motley Fool. Regarding the company's third-quarter performance. Contents: Prepared Remarks. Our European land systems business had a particularly strong order book in the quarter, and OTS has the largest total estimated contract value in their history. 10/26/17. William A. Moss - General Dynamics Corp. Jason W. Aiken - General Dynamics Corp. Analysts. It produced free cash flow of 140% of imputed net income in the quarter and 149% year to date. But as I also noted, we are seeing international pickup is nice, and high net worth individuals continue to be in the market. So with respect to forecasting, I think the guidance we gave you last quarter is still our best view. I'd like to start with a couple of notes on capital deployment in … As Phebe talked about as well with some of that portfolio shaping, some of that is to get out of noncore businesses, and by association, in many cases, some less-than-desired margin businesses. We've got to continue to support the elements of that supply chain that need it, particularly on the smaller business side. By Seeking Alpha. It is an enormous capability advantage for our Warfighter. 10/26/17. Robert Spingarn -- Credit Suisse -- Analyst. Call Participants. … Executives. GD earnings call for the period ending September 30, 2018. We're sticking to our operations, doing what we do best. 7/27/17. But you'll note that in all of the recent discussions about U.S. National Security strategy, and particularly the navy's articulation of the criticality of the size of its fleet, submarines figure prominently in all of those conversations because they remain a national competitive advantage for the United States. By Seeking Alpha. General Dynamics Corp. (NYSE:GD) Q2 2017 Earnings Call. Over half of the 7.6% growth year to date is Columbia with considerably more coming. Alison Harbrecht - General Dynamics Corp. Phebe N. Novakovic - General Dynamics Corp. Jason W. Aiken - General Dynamics Corp. Analysts. Rule … George Shapiro -- Shapiro Research -- Analyst. It's already quite a large business, and it will continue to grow. Good morning and welcome to the General Dynamics Second Quarter 2019 Earnings Conference Call. Combat systems had nice order activity in the quarter with over $1.65 billion in funded orders. Please go ahead. Good morning, ladies and gentlemen, and welcome to the General Dynamics Fourth-Quarter and Full-Year 2017 Earnings Conference Call. General Dynamics Q4 2009 Earnings Conference Call Transcript – 2010-01-27 – US$ 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 Was this share gains, new contract wins? And our next question today comes from Carter Copeland with Melius Research. So I'll just start with defense, right? Navy Asks Shipbuilders: Can You Build Us a Warship for Just $100 Million? Nevertheless, we had a 0.9 to 1 book-to-bill once again led by orders for the G650. The Best Defense Stocks For Today — And The Future Yahoo 04/29 13:01 ET. We did it in two respects. GDIT continued its strong cash performance. At Mission, you noted expansion into naval, air and electronic systems. Was the book-to-bill of the 650 in the quarter above 1? So I think that's all we can say in the moment about any specificity around the future. Prepared Remarks: Operator. So you've got to kind of reconcile that with the -- in the quarter, what was the net build of OWC which speaks to the numbers you were speaking to coming off the cash flow statement. General Dynamics Q2 2020 Earnings Call Transcript Wednesday, 29 July 2020 zacks. And then given that it looks like the decremental margins on the revenues you missed were 22%, would the profitability -- I assume the profitability would have been even better if you'd gotten those deliveries? Hello. Robert Stallard — Vertical Research Partners — Analyst Please go ahead. Phebe, Jason, Howard good morning. General Dynamics has generated $11.98 earnings per share over the last year and currently has a price-to-earnings ratio of 13.3. July 26, 2017 9:00 am ET. The three taken together result in good growth in backlog. ET Contents: Prepared. I'll give you one little note to give you a sense of what's going to propel this growth. Questions and Answers. And consistent with that original expectation, we have a big fourth quarter ahead of us. So just what's driving that fourth quarter? I'm certain there'll be a bunch of questions on Gulfstream. OK. That's all for me today. Q1 2015 Conference Call Transcript The following GENERAL DYNAMICS CORP conference call took place on April 27, 2016, 09:00 AM ET. 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. General Dynamics (GD) Q2 2017 Results - Earnings Call Transcript. Return. So we're right on track to achieve our full-year target in the mid-15% range. 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. Thank you Rocco, and good morning everyone. General Dynamics Corp (GD) Q1 2020 Earnings Call Transcript Yahoo 04/29 14:01 ET. How are you? land systems estimated potential contract value also rose in the quarter. More to come. So Cai, keep in mind, that's a cumulative number that's been building throughout the year. That was appropriate when we had all existing long-term airplanes that had been in the backlog for some time. 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? Thanks. General Dynamics (NYSE: GD) Q4 2017 Earnings Conference Call Jan. 24, 2018 9:00 a.m. Phebe N. Novakovic — Chairman and Chief Executive Officer. This is a whole new fleet. It now appears that we will be right around 130. General Dynamics Corporation's (GD) CEO Phebe Novakovic on Q3 2020 Results - Earnings Call Transcript SA Transcripts Oct. 28, 2020 3:12 PM ET 10 SaaS For 2021 And Beyond General Dynamics (NYSE: GD) Q4 2017 Earnings Conference Call Jan. 24, 2018 9:00 a.m. And then there were some things that really fit right into that like unmanned undersea. One to one on growing revenue, I think it's quite nice. When you look at -- there's been discussion I guess Secretary Esper was talking about a 550-ship navy. Latest Stock Picks Investing Basics Premium Services. 7/27/17. ... and welcome to the General Dynamics First Quarter 2019 Earnings Conference Call. I want to know if you could elaborate on that a bit more. And we're not going to start that until these have been in our production for some time. GBX earnings call for the period ending November 30, 2020. And look, we -- the way we define how we operate, both in the moment and going forward is how to meet our customer needs. Gulfstream led the way with 32 deliveries, 25 large and seven midsized. ET. ET. As anticipated when we started the year, the cash performance has stepped up markedly in each sequential quarter this year. Jan 6, … 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. In the first instance, it's the job of our shipyards to integrate those capabilities into the existing platforms. That now just given some of the other three large cabin aircraft not! Funded backlog at $ 60.2 billion is down $ 137 million or 2.4 % sequentially but we. Been discussion I guess Secretary Esper was talking about for some time some variances over the year is up! Expect from that business going forward a strong growth area recall, we have big! 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