Overview
- Revenue rose 10.6% to $12.907 billion and GAAP EPS increased 15.8% to $3.88, topping estimates, as shares climbed following the release.
- Total orders reached $19.3 billion for a consolidated book-to-bill of 1.5, lifting total estimated contract value to $167.7 billion.
- Each business grew earnings and backlog, led by Aerospace with revenue up 30.3% to $3.234 billion and a 13.3% margin, while Marine Systems revenue grew 13.8% to $4.096 billion.
- Operating earnings were $1.3 billion with a 10.3% margin, up 20 basis points year over year, reflecting broad-based execution.
- Operating cash flow was $2.1 billion with $1.897 billion in free cash flow, ending the quarter with $2.5 billion in cash, $8 billion in debt, and $403 million paid in dividends.