GE Aerospace said GAAP total revenue for Q3 2024 was $9,842 million (+6%), adjusted EPS (non-GAAP) was $1.15 (+25%), and operating profit (non-GAAP) was $1,818 million (+14%). GAAP continuing EPS for the same quarter was $1.56.

1. 01

   GE Aerospace said GAAP total revenue for Q3 2024 was $9,842 million (+6%), adjusted EPS (non-GAAP) was $1.15 (+25%), and operating profit (non-GAAP) was $1,818 million (+14%). GAAP continuing EPS for the same quarter was $1.56.

2. 02

   Commercial Engines & Services orders for Q3 rose 29% to $9.8 billion, the company said. Revenue was $7.0 billion (+8%) and segment profit was $1.8 billion (+16%). The company cited higher services volume and price as the drivers of the 180 basis points margin expansion.

3. 03

   GE Aerospace outlined its full-year 2024 outlook, with adjusted EPS of $4.20 to $4.35 (July 2024 outlook: $3.95 to $4.20), operating profit of $6.7 to $6.9B (July 2024 outlook: $6.5B to $6.8B), and free cash flow of $5.6B to $5.8B (July 2024 outlook: $5.3B to $5.6B).

4. 04

   GE Aerospace said it completed the sale of its licensing business to Dolby Laboratories in Q3, recording a pre-tax gain on sale of $341 million. It also recorded a non-cash goodwill loss of $251 million at Colibrium Additive and a pre-tax charge of $328 million in connection with settling a legacy shareholder lawsuit.

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AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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