| Quarter | Call date | Disclosure | Financial quality | Kept | Missed | |
|---|---|---|---|---|---|---|
| Q2'26 | July 29, 2026 | 4/12 | 2 high, 3 medium, 1 low flags | 2 | 0 | Call sheet → |
| Q1'26 | April 29, 2026 | 11/12 | 6 low flags | 3 | 0 | Call sheet → |
| Q4'25 | January 28, 2026 | 10/12 | 4 medium, 2 low flags | 4 | 1 | Call sheet → |
| Marked | Status | Promise |
|---|---|---|
| Q2'26 | Partial | No refinancing of the $1 B notes due June/August Repayment of $500 M done; remaining $500 M still to be addressed - no definitive refinance decision. |
| Q2'26 | On‑track | Maintain free‑cash‑flow conversion >100% of net income for FY Current conversion 142% in Q2; target is achievable. |
| Q2'26 | Pending | Give more fidelity on G300/G400 timelines Management only said “late 27/early 28” for G300 and “more to say later” for G400. |
| Q2'26 | Pending | Provide real clarity next year on backlog production years No quantitative detail given; still vague. |
| Q2'26 | Delivered | Reduce net debt by ~ $1 B in H1 Net debt fell from $4.4 B to $3.2 B. |
| Q2'26 | Exceeded | Q1 guidance update to EPS $16.45‑$16.55 Q2 EPS $4.24 translates to FY EPS > $16.80, beating the Q1 update. |
| Q1'26 | Delivered | Continue to invest year over year in businesses due to long-term growth embedded in backlog CapEx up 40% YoY in Q1, major facility investments ongoing |
| Q1'26 | Pending | Marine revenue in range of $17.3-17.7B for 2026 Q1 performance suggests on track |
| Q1'26 | Pending | Revenue in range of $54.3-54.8B for 2026 Q1 run rate suggests upper end achievable |
| Q1'26 | Exceeded | Aerospace operating margin around 14% for 2026 Delivered 15% in Q1, ahead of full year 14% guidance |
| Q1'26 | Pending | Capital expenditures between 3.5-4% of sales in 2026 Q1 was only 1.5% but Kim confirmed expectation to grow each quarter |
| Q1'26 | Exceeded | Free cash flow conversion rate goal of 100% of net income for 2026 Delivered 174% conversion in Q1, well ahead of 100% target |
| Q4'25 | Pending | Technologies positioned for better growth Revenue still flat despite strong bookings, timing TBD |
| Q4'25 | Delivered | Combat margin improvement 15% operating margins with 10bp improvement |
| Q4'25 | Exceeded | Marine revenue growth continuation 21.7% growth vs. 13.8% in Q3, acceleration delivered |
| Q4'25 | Delivered | CapEx over 2% of sales for 2025 Hit 3.1% of revenue, exceeded commitment |
| Q4'25 | Missed | Aerospace margins around 13.3% for Q4 Came in at 12.7%, hurt by G600 issues and tariffs |
| Q4'25 | Exceeded | Free cash flow conversion in low 90s for 2025 Delivered 94% conversion, beat guidance |
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