earnings
confidence high
sentiment positive
materiality 0.85
GE Aerospace Q2 operating profit +37% to $1.9B; raises FY guidance
GENERAL ELECTRIC CO
2024-Q2 EPS reported
$2.55
revenue$18,048,000,000
- Total orders $11.2B (+18%), adj. revenue $8.2B (+4%), op. profit $1.9B (+37%)
- GAAP cont. EPS $1.20; adjusted EPS $1.20 (+$0.46 YoY)
- Free cash flow $1.1B, +$0.2B YoY; FY2024 FCF guide raised to $5.3-$5.6B
- Raised FY2024 adj. EPS guide to $3.95-$4.20 from $3.80-$4.05; op. profit $6.5-$6.8B
- Repurchased ~13.9M shares for $2.3B; initiated quarterly dividend $0.28