secwatch.observer — SEC 8-K summary
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Issuer:     GENERAL ELECTRIC CO (GE)
CIK:        0000040545
Form:       8-K
Filed at:   2024-04-23T23:59:59+00:00
Accession:  0000040545-24-000112
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/40545/000004054524000112/0000040545-24-000112-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/40545/000004054524000112/ge-20240423.htm
  HTML page:      https://secwatch.observer/filing/0000040545-24-000112

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