General Electric ( (GE) ) has released its Q4 earnings. Here is a breakdown of the information General Electric presented to its investors.
Invest with Confidence:
- Follow TipRanks' Top Wall Street Analysts to uncover their success rate and average return.
- Join thousands of data-driven investors – Build your Smart Portfolio for personalized insights.
GE Aerospace, a leader in aerospace propulsion, services, and systems, has reported strong fourth-quarter and full-year results for 2024, showcasing robust growth driven by high demand in the aerospace industry. The company, now a standalone entity, continues to innovate and expand its reach in both commercial and military aviation sectors.
The fourth quarter of 2024 was particularly strong for GE Aerospace, with total orders reaching $15.5 billion, marking a 46% increase. The company achieved a total GAAP revenue of $10.8 billion, a 14% rise, while adjusted revenue increased by 16% to $9.9 billion. Profit margins also saw significant improvements, with GAAP profit margins climbing 350 basis points and operating profit margins increasing by 450 basis points. The full-year results echoed this growth, with total orders up by 32% and adjusted EPS seeing a remarkable 56% increase.
The company highlighted several strategic advancements, including the certification of the LEAP 1-A high-pressure turbine durability kit and integration of engineering and supply chain teams into a unified organization. These efforts, along with strategic partnerships with Boeing, NASA, and others, have positioned GE Aerospace to tackle supply chain challenges and enhance its product offerings. The company also announced substantial orders from EL AL Israel Airlines and the U.S. Army, further solidifying its market position.
Looking forward to 2025, GE Aerospace is optimistic about sustaining its growth trajectory with expected double-digit revenue and EPS growth. The company plans to continue its focus on innovation and operational efficiency through its FLIGHT DECK operating model, anticipating a greater than 100% free cash flow conversion. With plans for a $7 billion share repurchase and a dividend increase, GE Aerospace is poised to deliver value to its shareholders in the coming year.
