Post by
stock4life48 on Jul 24, 2024 9:09am
Gulfstream Q2
Strong earnings of $2.94 Billion on 37 deliveries (31 large & 6 mid)
Backlog of $20.409 Billion with a Book to Bill of 0.9x
Operating earnings of 319M
Long story short this should be good news for BBD tomorrow morning
Comment by
stock4life48 on Jul 24, 2024 9:22am
They are also maintaining guidance of 160 deliveries for the year. Makes me wonder if there is increased delivery possibilities for BBD
Comment by
stockitnow on Jul 24, 2024 9:45am
Book to bill below 1 is concerning but it could be due to surge in G700 deliveries which made the quarter look good. Recall G700 was expected to be certified last year and delivered q4 2023. Those holdover G700 delivered now makes the quarter look good. Right now GD stock is down 4.5%.
Comment by
BBDB859 on Jul 24, 2024 10:08am
That's exactly what happened Stock. I remember reading a while back that they had planes (G700) sitting outside unfinished without tail fins. That's probably the reason for the pretty high delivery in this Quarter. Once they got the tails or the other parts, they were easy to finish. That was one-off for this quarter.
Comment by
Tempo1 on Jul 24, 2024 10:16am
The 0,9 ratio doesn't tell all the story. It is 2,7 B$ orders. 300 M$ more than for Q1.
Comment by
stock4life48 on Jul 24, 2024 10:26am
Agreed, the I posted this because I think BBD might want to consider increasing production if its an option. No idea what the current capacity is. Their backlog is 25% bigger than ours and revenues for H1 are 50% bigger than ours. I can't comment on EBITDA because GD has so many divisions and they don't break it down for Gulfstream