General Dynamics Corporation (NYSE:GD) Q1 2021 Earnings Conference Call April 28, 2021 9:00 AM ET
Company Participants
Howard Rubel - Vice President, Investor Relations
Phebe Novakovic - Chairman and Chief Executive Officer
Jason Aiken - Senior Vice President and Chief Financial Officer
Conference Call Participants
Jonathan Raviv - Citi
Seth Seifman - JPMorgan
Cai von Rumohr - Cowen
David Strauss - Barclays
Ronald Epstein - Bank of America
Myles Walton - UBS
Sheila Kahyaoglu - Jefferies
Pete Skibitski - Alembic Global
Peter Arment - Baird
Richard Safran - Seaport Global
Robert Stallard - Vertical Research
Operator
Good morning everyone, and welcome to the General Dynamics First Quarter 2021 Earnings Conference Call. All participants will be in a listen-only mode. [Operator Instructions] Please also note, today's event is being recorded.
At this time, I would now like to turn the conference over to Howard Rubel, Vice President of Investor Relations. Sir, please go ahead.
Howard Rubel
Thank you, operator and good morning everyone. Welcome to the General Dynamics first quarter 2021 conference call. Any forward-looking statements made today represent our estimates regarding the company's outlook. These estimates are subject to some risks and uncertainties. Additional information regarding these factors is contained in the company's 10-K, 10-Q and 8-K filings.
With that completed, I'd like to turn the call over to our Chairman and Chief Executive Officer, Phebe Novakovic.
Phebe Novakovic
Thank you, Howard. Good morning everyone and thanks for being with us. As you can discern from our press release, we reported earnings of $2.48 per diluted share on revenue of $9.4 billion, operating earnings of $938 million and net income of $708 million. Revenue is up $640 million or 7.3% against the first quarter last year. Operating earnings are up $4 million and net earnings are up $2 million.
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