Overview

• Revenue climbed 8.9% in Q2 to $13.04 billion and EPS reached $3.74, outperforming analyst expectations of $12.19 billion and $3.44 per share.
• Marine Systems led segment growth with 22.2% revenue gains to $4.22 billion and 18.8% higher operating earnings while Aerospace margins expanded to 13.2%.
• The company booked $28.3 billion in orders for a 2.2 book-to-bill ratio and ended the quarter with a $103.7 billion backlog.
• Operating cash flow of $1.6 billion equaled 158% of net income, enabling $402 million in dividends and $897 million in debt reduction.
• CEO Novakovic forecast full-year revenue of $51.2 billion and EPS of $15.05 to $15.15, driving shares to an all-time high of $316.90.