GE Aerospace Q1 adjusted revenue +15% to $8.1B; raises FY profit and EPS guidance

GENERAL ELECTRIC CO

2024-Q1 EPS reported $1.39 revenue$16,053,000,000

GE Aerospace standalone: adjusted revenue $8.1B (+15%), operating profit $1.5B (+24%), free cash flow $1.7B (+$0.8B YoY).
Full-year 2024 guidance raised: operating profit $6.2B-$6.6B (prior $6.0B-$6.5B), adjusted EPS $3.80-$4.05, FCF >$5B.
Consolidated Q1 (incl. GE Vernova): revenue $16.1B (+11%), adjusted EPS $0.82 vs $0.27, profit margin 10.2% (+380bps).
GE Vernova spin-off completed April 2; new $15B share buyback authorization and 250% dividend increase initiated.
Commercial Engines orders +34%; key agreements include Thai Airways GEnx, easyJet LEAP-1A, American Airlines LEAP-1B.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

GENERAL ELECTRIC CO reported the first quarter ending March 31, 2024 results: revenue Total revenue (GAAP) of $16.1B, +11%; adjusted revenue* $15.2B, +10% organically*, EPS Continuing EPS (GAAP) of $1.38, $(4.18); adjusted EPS* $0.82, +$0.55. Guidance raised.

Period: the first quarter ending March 31, 2024
Revenue: Total revenue (GAAP) of $16.1B, +11%; adjusted revenue* $15.2B, +10% organically*
EPS: Continuing EPS (GAAP) of $1.38, $(4.18); adjusted EPS* $0.82, +$0.55
Guidance: raised
Result: reported results

Exact text from the filing

April 25, 2024. First quarter 2024 GE Consolidated Results (including GE Aerospace and GE Vernova): • Total orders of $20.1B, +14%; organic orders +14% • Total revenue (GAAP) of $16.1B, +11%; adjusted revenue* $15.2B, +10% organically* • Profit margin (GAAP) of 11.6%, (3,320) bps; adjusted profit margin* 10.2%, +300 bps organically* • Continuing EPS (GAAP) of

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Source: SEC EDGAR

accession 0000040545-24-000112

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