General Dynamics' (GD) CEO Phebe Novakovic on Q4 2017 Results - Earnings Call Transcript

Jan. 24, 2018 3:34 PM ETGeneral Dynamics Corporation (GD)
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Call Start: 09:00 January 1, 0000 9:50 AM ET

General Dynamics Corporation (NYSE:GD)

Q4 2017 Earnings Conference Call

January 24, 2018 09:00 AM ET


Howard A. Rubel - VP, Investor Relations

Phebe N. Novakovic - Chairman and CEO

Jason W. Aiken - SVP & CFO


Robert Stallard - Vertical Research Partners

Robert Spingarn - Crédit Suisse AG

Samuel Pearlstein - Wells Fargo Securities

Douglas Harned - Sanford C. Bernstein & Co.

Peter Skibitski - Drexel Hamilton, LLC

Ronald Epstein - BofA Merrill Lynch

Jonathan Raviv - Citigroup Inc.

Carter Copeland - Melius Research LLC

Hunter Keay - Wolfe Research, LLC


Good morning ladies and gentlemen and welcome to the General Dynamics Fourth Quarter and Full-Year 2017 Earnings Conference Call. All participants will be in listen-only mode. [Operator Instructions] After today's presentation, there will be an opportunity to ask questions. [Operator Instructions] Please note this event is being recorded.

At this time, I'd like to turn the conference over to Mr. Howard Rubel, Vice President of Investor Relations. Sir, please go ahead.

Howard A. Rubel

Thank you, Denise, and good morning to everyone. Welcome to the General Dynamics fourth quarter and full-year 2017 conference call. Any forward-looking statements made today represent our estimates regarding the company's outlook. These estimates are subject to some risk and uncertainties. Additional information regarding these factors is contained in the company's 10-K and 10-Q filings.

With that, I'd like to turn the call over to our Chairman and Chief Executive Officer, Phebe Novakovic.

A - Phebe N. Novakovic

Good morning. We are very pleased to have Howard joined our senior leadership team. Thank you, Howard.

Earlier today we reported fourth-quarter earnings from continuing operations of $2.10 per fully diluted share on revenue of $8.28 billion, earnings from continuing operations of $636 million. This result was impacted by a

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