GE Aerospace's official financial statements or press releases

GE Aerospace Q3 Earnings Beat Estimates with EPS $1.15, Raises Full-Year Guidance

Oct 22, 2024, 10:31 AM

GE Aerospace reported its Q3 2024 earnings with an adjusted EPS of $1.15, slightly above the estimated $1.14. The company's revenue for the quarter was $8.94 billion, just below the forecasted $9.05 billion. GE Aerospace also reported a significant increase in orders, up 28% year-over-year, and raised its full-year adjusted EPS guidance to $4.20-$4.35, from the previous range of $3.95-$4.20. Adjusted operating profit margin improved to 20.3%, up 150 basis points year-over-year. The company reported an adjusted free cash flow of $1.81 billion. Additionally, GE Aerospace raised its full-year adjusted operating profit forecast to $6.7-$6.9 billion. The CEO noted a strong focus on raising output of plane engines and highlighted strong demand for maintenance services, which contributed to the positive outlook.