General Dynamics Corp CFO Says Expect Capex To Be Between 2%-2.5% Of Sales Next Year And Closer To 2% Thereafter
Portfolio Pulse from Benzinga Newsdesk
General Dynamics Corp's CFO announced during a conference call that the company expects capital expenditures (Capex) to be between 2%-2.5% of sales next year and to stabilize closer to 2% in the following years.
January 24, 2024 | 2:11 pm
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General Dynamics Corp's CFO has indicated that Capex will be between 2%-2.5% of sales next year, suggesting a strategic approach to investment and potentially stable growth.
The announcement of Capex as a percentage of sales provides insight into General Dynamics Corp's investment strategy and financial planning. While this indicates a disciplined approach to capital allocation, it does not necessarily suggest a significant change in the company's financial position or operations that would lead to a short-term price movement. Therefore, the impact on the stock price is likely to be neutral in the short term.
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