Latest news with #GD
Business Upturn
14 hours ago
- Business
- Business Upturn
'Dusan will only leave with a good bid,' says Juventus GD Comolli
Juventus' GD Comolli has announced that Dusan Vlahovic is expected to leave this summer. By Ravi Kumar Jha Published on July 31, 2025, 19:24 IST Juventus' GD Comolli has announced that Dusan Vlahovic is expected to leave this summer. The striker and the club have agreed on few terms that if a good offer arrives, he'll leave. However, GD only wants expected bid from interested clubs otherwise 'No Sale'. Juventus sporting director GD Comolli has revealed that Dusan Vlahovic could leave the club this summer if a suitable offer is made. Speaking to the media, Comolli confirmed that the striker and the club have agreed on terms for a potential exit, but only under the right conditions. 'We have agreed with Dusan on his exit this summer if we get a good proposal. He can only leave with a good bid and we've not received any yet,' said Comolli. The experienced Serbian striker has been a key figure for the Bianconeri, attracting interest from several top European clubs. However, Comolli emphasized that Juventus will not entertain low-ball offers, making it clear that only a serious bid would trigger Vlahovic's departure. Ahmedabad Plane Crash Ravi kumar jha is an undergraduate student in Bachelor of Arts in Multimedia and Mass Communication. A media enthusiast who has a strong hold on communication and he also has a genuine interest in sports. Ravi is currently working as a journalist at
Time Out
21 hours ago
- Entertainment
- Time Out
G-Dragon launches Zo&Friends pop-up in Hong Kong, inspired by his own cat
Ahead of G-Dragon's concerts in Hong Kong, the K-pop star's pet cat takes over our city with the Zo&Friends pop-up in Times Square. Inspired by his Scottish fold named Princess Zoa, GD has spent two years creating and designing this original IP, and the results can't be any cuter. A large Zoa sits in the middle of Times Square's second-floor atrium, surrounded by flowers and the daisy A&ne. According to the brand, Zoa looks cynical and even somewhat gloomy (it has a literal cloud hanging over its eyes) but hides a soft, gentle nature. Walk through and snap pictures at photo spots, explore Zoa's room, and see plenty of artworks, decals, BTS captures, and more. Of course, what's a good pop-up without some merch to bring home? There'll be a range of Zo&Friends products on sale, such as soft toys, plush keychains, kitchenware, rugs, stickers, and wearable accessories. Visitors will need to register online before being allowed access to the pop-up store – make sure you get there early to queue up. Visit GD's cute cat and his daisy friend from now until August 31.
Yahoo
24-07-2025
- Business
- Yahoo
GD Q2 Deep Dive: Backlog Growth and Defense Demand Drive Strong Quarter
Aerospace and defense company General Dynamics (NYSE:GD) reported Q2 CY2025 results exceeding the market's revenue expectations , with sales up 8.9% year on year to $13.04 billion. Its non-GAAP profit of $3.74 per share was 5.6% above analysts' consensus estimates. Is now the time to buy GD? Find out in our full research report (it's free). General Dynamics (GD) Q2 CY2025 Highlights: Revenue: $13.04 billion vs analyst estimates of $12.34 billion (8.9% year-on-year growth, 5.7% beat) Adjusted EPS: $3.74 vs analyst estimates of $3.54 (5.6% beat) Adjusted EBITDA: $1.53 billion vs analyst estimates of $1.46 billion (11.7% margin, 4.7% beat) Operating Margin: 10%, in line with the same quarter last year Backlog: $103.7 billion at quarter end, up 13.6% year on year Market Capitalization: $85.13 billion StockStory's Take General Dynamics delivered a second quarter that exceeded Wall Street's expectations, prompting a positive market response. Management attributed the company's performance to robust order activity, especially in the Marine Systems segment, and continued operational improvements within Aerospace. CEO Phebe Novakovic highlighted strong operating leverage, noting that all four business segments contributed to the company's year-over-year growth in revenue, earnings, and cash generation. Management credited record backlog levels and improved supply chain performance, particularly for Gulfstream jets, as key drivers behind the quarter's results. Looking ahead, General Dynamics' forward outlook revolves around sustained defense demand, new platform deliveries in Aerospace, and productivity enhancements across its businesses. Management pointed to the ramp-up of G800 jet deliveries, ongoing investments in submarine production, and improved throughput at shipyards as factors expected to shape the second half of the year. CEO Phebe Novakovic stated, 'We feel very good about the potential for the year,' while also noting that Aerospace operating margin will face some pressure from product mix, but is expected to recover as higher-margin models gain traction. Key Insights from Management's Remarks Management identified record defense backlog, strong Aerospace demand, and improvements in operational execution as the major themes shaping Q2 performance and near-term outlook. Marine Systems contract wins: The Marine segment secured major submarine construction contracts, boosting order backlog by 38%. Management emphasized that increased funding will support shipyard productivity, wage increases, and workforce training, helping to stabilize the submarine supply chain and improve delivery cadence. Aerospace delivery progress: Gulfstream delivered 38 aircraft, including more G700s as supply chain reliability improved. CEO Novakovic said all G700 retrofit aircraft are now delivered, with initial G800 deliveries set for Q3, highlighting customer interest from Fortune 500 companies. Aerospace saw a 1.3x book-to-bill ratio, reflecting continued demand across model lines and regions. Operational leverage and cost control: The company achieved double-digit growth in operating earnings and cash flow, supported by ongoing efforts to optimize manufacturing and working capital. Newly appointed EVP of Global Operations Danny Deep outlined a renewed focus on continuous improvement across the value chain to drive value creation. Technologies segment momentum: GDIT and Mission Systems both reported solid quarters, with GDIT navigating contract scope changes and slower-than-usual adjudications. Mission Systems is transitioning to higher-margin programs and investing in areas such as unmanned platforms and high-speed encryption, supporting future backlog growth. Combat Systems resilience: Despite flat revenue, Combat Systems achieved higher margins and noted growth in its European operations, benefiting from increased defense spending in the region. Management cited the cancellation of the Booker program as a U.S. headwind, but remains optimistic about new opportunities tied to next-generation platforms and munitions expansion. Drivers of Future Performance General Dynamics expects continued growth to be driven by defense demand, execution on new aerospace deliveries, and ongoing productivity initiatives, while acknowledging risks from supply chain variability and contract timing. Defense backlog and contract execution: Management highlighted the company's record defense backlog and contract value, noting that execution on major submarine and combat vehicle contracts will be a primary driver of revenue and operating margin. Progress in stabilizing the submarine supply chain is expected to gradually improve Marine segment profitability, though some near-term variability may persist. Aerospace product mix and ramp-up: The cadence of new jet deliveries, particularly the G800, will influence Aerospace segment margins. Management expects initial G800 deliveries to carry lower margins, with improvement as production matures and higher-margin models increase in mix. Any supply chain setbacks or delays could impact the segment's path to margin recovery. Adjudication pace and margin pressures: The Technologies segment's outlook depends on the pace of government contract adjudications and demand for high-speed encryption and digital modernization services. Management cautioned that contract delays or changes in federal spending priorities may introduce short-term revenue and margin fluctuations. Catalysts in Upcoming Quarters In the coming quarters, StockStory analysts will be monitoring (1) progress on ramping up G800 and G700 jet deliveries and their impact on Aerospace margins, (2) throughput and productivity improvements in the Marine segment as new funding and workforce initiatives take hold, and (3) the pace of contract adjudications and backlog conversion in the Technologies and Combat Systems segments. The ability to maintain operating leverage while navigating supply chain and government spending uncertainties will be central to results. General Dynamics currently trades at $316.88, up from $297.34 just before the earnings. Is there an opportunity in the stock?The answer lies in our full research report (it's free). High Quality Stocks for All Market Conditions Donald Trump's April 2024 "Liberation Day" tariffs sent markets into a tailspin, but stocks have since rebounded strongly, proving that knee-jerk reactions often create the best buying opportunities. The smart money is already positioning for the next leg up. Don't miss out on the recovery - check out our Top 5 Growth Stocks for this month. This is a curated list of our High Quality stocks that have generated a market-beating return of 183% over the last five years (as of March 31st 2025). Stocks that made our list in 2020 include now familiar names such as Nvidia (+1,545% between March 2020 and March 2025) as well as under-the-radar businesses like the once-micro-cap company Kadant (+351% five-year return). Find your next big winner with StockStory today. StockStory is growing and hiring equity analyst and marketing roles. Are you a 0 to 1 builder passionate about the markets and AI? See the open roles here. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Express Tribune
24-07-2025
- Business
- Express Tribune
10,000 import declarations tampered due to WeBOC 'glitch'
Listen to article The Chief Executive Officer of Pakistan Single Window (PSW), a government-owned trade network integration entity, revealed on Wednesday that large-scale tampering of Goods Declaration (GD) forms was made possible due to a technical glitch in the WeBOC (Web-Based One Customs) system, dating back to 2015. In a briefing with journalists, PSW CEO Syed Aftab Haider said the flaw allowed changes in GD forms without backend validation, enabling importers to alter declared quantities and descriptions of goods. He said that he had recommended the Federal Board of Revenue (FBR) to register First Information Reports (FIRs) against those involved. "There was no backend validation of GD changes in WeBOC since 2015," said Haider. He added that this loophole was exploited by unscrupulous users to manipulate imports data. Haider said PSW took over WeBOC management in 2022 but cannot make system changes without Pakistan Customs' approval. In March, The Express Tribune reported that more than 10,000 GD forms were tampered with, helping evade billions in taxes. While the PSW CEO claimed that no revenue was lost, there is no rationale behind changing forms without importers at least gaining financial benefits given that they are exposing themselves to criminal cases. The scam raised serious concerns about the credibility of GD forms, which are supposed to be secure records detailing importers, agents, goods, and duties. "This alteration, effected through changes in the browser script, did not need any help from WeBOC, PSW, or Information Technology staff," stated the PSW earlier this year. Prime Minister Shehbaz Sharif had directed the PM's Inspection Commission (PMIC) to investigate the scam. Though the PMIC report has not been made public, Haider said the PMIC accepted the PSW's stance that the issue was a technical glitch. The Express Tribune had reported that to remain undetected, the corrupt network did not alter the Harmonised System (HS) code, a unique numerical identifier for traded goods, they manipulated the descriptions and quantities of goods. The CEO said WeBOC has not undergone a technical audit for years. PSW is now hiring external auditors to evaluate the system. "There's a clear demarcation between the PSW and Customs. PSW only manages the WeBOC system, but Customs controls the design," said Haider. Commenting on a separate scam involving smuggled vehicles cleared as duty-paid, Haider said this resulted from the misuse of user codes, and there was no evidence of system failure. FBR has suspended the officers whose codes were used to clear the smuggled vehicles. The CEO also announced the launch of a new pilot project, the Port Community System (PCS), which is to be inaugurated by PM Shehbaz Sharif in the first week of August in Karachi. The PCS is designed to streamline port operations and fulfil International Maritime Organisation (IMO) requirements. "It will serve as a one-stop platform for all port transactions, providing real-time updates on cargo, vessels, and berthing to ensure seamless coordination between port stakeholders," said Haider. He said the system was developed in-house and PSW resisted pressure to adopt foreign-developed systems. However, he clarified that the new PCS will not directly reduce container clearance times but will make the process paperless and more efficient. "Globally, container grounding time is not more than three hours, but in Pakistan it goes as high as 26 hours," said the CEO, urging reforms to reduce cargo examination delays to reduce the dwell time of containers. He also stressed the need to integrate scanners installed at various ports. Scanners at Karachi Port and the Torkham border are not electronically linked, which creates lots of problems. Haider added that the FBR is working on scanner integration and installing new equipment to improve imported goods monitoring.
Globe and Mail
23-07-2025
- Business
- Globe and Mail
General Dynamics' Q2 Earnings & Revenues Beat Estimates, Improve Y/Y
General Dynamics Corporation GD reported second-quarter 2025 earnings per share (EPS) of $3.74, which beat the Zacks Consensus Estimate of $3.59 by 4.2%. The bottom line also increased 14.7% from $3.26 recorded in the year-ago quarter. The year-over-year bottom-line appreciation can be attributed to revenue growth as well as an improvement in operating earnings. Total Revenues of GD Revenues of $13.04 billion beat the Zacks Consensus Estimate of $12.35 billion by 5.6%. The top line also improved 8.9% from the prior-year figure. The year-over-year improvement can be attributed to increased revenues from all of GD's business segments, except Combat Systems. GD's Segmental Performance Aerospace: The segment reported revenues of $3.06 billion, up 4.1% year over year. Operating earnings of $403 million improved 26.3% year over year. Marine Systems: This segment's revenues surged 22.2% from the year-ago quarter's level to $4.22 billion. Operating earnings of $291 million improved 18.8% year over year. Technologies: Revenues from this segment improved 5.5% year over year to $3.48 billion. Operating earnings totaled $332 million, which improved 3.8% year over year. Combat Systems: The segmental top line of $2.28 billion slipped 0.2% from the year-ago quarter's level. Operating earnings improved 3.54% year over year to $324 million. Operational Highlights of GD Operating earnings totaled $1.31 billion, up 12.9% from the year-ago quarter's $1.04 billion. Operating costs and expenses increased 8.5% year over year to $11.74 billion. Interest expenses increased 4.8% year over year to $88 million. GD's Backlog General Dynamics recorded a total backlog of $103.68 billion, much higher than the first-quarter 2025 level of $88.66 billion. The funded backlog at the end of the quarter was $83.88 billion. Our model projected a backlog of $88.28 billion for the second quarter. Financial Condition of GD As of June 29, 2025, cash and cash equivalents totaled $1.52 billion compared with $1.70 billion as of Dec. 31, 2024. The long-term debt as of the same date was $7.51 billion, higher than the 2024-end debt level of $7.26 billion. During the first six months of 2025, cash generated by operating activities totaled $1.45 billion compared with $0.54 billion in the year-ago period. GD's Zacks Rank General Dynamics currently carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. Recent Defense Releases Lockheed Martin Corporation LMT reported second-quarter 2025 adjusted earnings of $7.29 per share, which beat the Zacks Consensus Estimate of $6.49 by 12.3%. The bottom line increased 2.5% from the year-ago quarter's reported figure of $7.11. Net sales were $18.16 billion, which missed the Zacks Consensus Estimate of $18.56 billion by 2.2%. The top line, however, inched up 0.2% from $18.12 billion in the year-ago quarter. Northrop Grumman Corporation NOC reported second-quarter 2025 adjusted earnings of $7.11 per share, which beat the Zacks Consensus Estimate of $6.71 by 6%. NOC's total sales of $10.35 billion beat the Zacks Consensus Estimate of $10.06 billion by 2.9%. The top line also rose 1.3% from $10.22 billion reported in the year-ago quarter. RTX Corporation 's RTX second-quarter 2025 adjusted earnings per share (EPS) of $1.56 beat the Zacks Consensus Estimate of $1.45 by 7.6%. The bottom line also improved 10.6% from the year-ago quarter's level of $1.41, driven by growth in adjusted operating profit. RTX's second-quarter sales totaled $21.58 billion, which surpassed the Zacks Consensus Estimate of $20.53 billion by 5.1%. The top line also surged a solid 9.4% from $19.72 billion recorded for the second quarter of 2024. 5 Stocks Set to Double Each was handpicked by a Zacks expert as the #1 favorite stock to gain +100% or more in the coming year. While not all picks can be winners, previous recommendations have soared +112%, +171%, +209% and +232%. Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor. Today, See These 5 Potential Home Runs >> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Lockheed Martin Corporation (LMT): Free Stock Analysis Report Northrop Grumman Corporation (NOC): Free Stock Analysis Report General Dynamics Corporation (GD): Free Stock Analysis Report RTX Corporation (RTX): Free Stock Analysis Report
