The earnings call highlighted significant growth in orders, revenue, and cash flow, with a strong performance in the Commercial Engines & Services segment and raised guidance for the full year. However, challenges remain in Defense & Propulsion Technologies, ongoing supply chain constraints, and the impact of inflation and investments. The delay in the 777X program by Boeing is also a concern.

Company Guidance

During GE Aerospace's Q3 2024 earnings call, the company reported a robust 28% increase in orders, with revenue up 6% and operating profit rising by 14%. Adjusted EPS increased by 25%, while free cash flow reached $1.8 billion with a conversion rate exceeding 140%. In the Commercial Engines & Services sector, orders grew by 29%, supported by a 20% increase in both services and equipment, leading to a backlog of $149 billion. Services revenue climbed 10%, contributing to a 16% increase in operating profit. The Defense & Propulsion Technologies segment saw a 19% rise in orders, although profit declined. GE Aerospace raised its full-year guidance, projecting operating profit between $6.7 billion and $6.9 billion and adjusted EPS between $4.20 and $4.35, with free cash flow expected to reach $5.6 billion to $5.8 billion. The company is also investing $1 billion in MRO over the next five years and collaborating with suppliers to meet increasing demand.

Strong Earnings and Cash Flow

Revenue was up 6%, with operating profit up 14% and adjusted EPS up 25%. Free cash flow was $1.8 billion, with conversion of more than 140%.

Increase in Orders

Orders were up 28%, driven by robust demand, and more than 20% growth in both services and equipment in the Commercial Engines & Services segment.

Aftermarket Growth

Services revenue grew 10% and supported total operating profit, which was up 16% year-over-year. Spare parts sales and shop visit outputs are increasing.

Raised Full Year Guidance

Given the strength of results, GE Aerospace is raising its full-year earnings and cash guidance.

Supplier Output Improvement

A key subset of priority supplier sites increased output 18% in the third quarter, supporting deliveries.

Commercial Engines & Services Performance

CES revenue was up 8%, with services up 10% from higher spare part sales and equipment revenue up 5%.

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GE Aerospace (GE) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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GE Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Jan 23, 2025	2024 (Q4)	1.05 / -	0.821	―	―	―
Oct 22, 2024	2024 (Q3)	1.14 / 1.15	0.654	75.84% (+0.50)
Jul 23, 2024	2024 (Q2)	0.99 / 1.20	0.542	121.40% (+0.66)
Apr 23, 2024	2024 (Q1)	0.71 / 0.82	0.215	281.40% (+0.60)
Jan 23, 2024	2023 (Q4)	0.71 / 0.82	0.989	-16.99% (-0.17)
Oct 24, 2023	2023 (Q3)	0.46 / 0.65	0.218	200.00% (+0.44)
Jul 25, 2023	2023 (Q2)	0.37 / 0.54	0.485	11.75% (+0.06)
Apr 25, 2023	2023 (Q1)	0.11 / 0.21	0.149	44.30% (+0.07)
Jan 24, 2023	2022 (Q4)	0.92 / 0.99	0.573	72.60% (+0.42)
Oct 25, 2022	2022 (Q3)	0.29 / 0.22	0.355	-38.59% (-0.14)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

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GE Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Oct 22, 2024	$194.23	$176.66	-9.05%
Jul 23, 2024	$162.52	$171.74	+5.67%
Apr 23, 2024	$149.71	$162.10	+8.28%
Jan 23, 2024	$104.14	$103.13	-0.97%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

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