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GE Aerospace | 10-Q: Q3 2024 Earnings Report

GE Aerospace | 10-Q: Q3 2024 Earnings Report

GE航天航空 | 10-Q:2024财年三季报
美股SEC公告 ·  2024/10/22 18:43

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GE Aerospace reported Q3 2024 revenues of $9.8 billion, up 6% year-over-year, driven by Commercial Engines & Services growth. Operating profit increased 14% to $1.8 billion with margins expanding to 20.3%. Earnings per share reached $1.56, while adjusted EPS was $1.15 excluding special items. Commercial services revenues grew significantly on higher spare parts volume and improved pricing.The company's backlog expanded 8% to $166.1 billion, reflecting strong commercial aerospace demand. Commercial Engines & Services segment profit rose 16% to $1.8 billion on increased aftermarket volume and favorable pricing, while Defense & Propulsion Technologies revenue grew 2% to $2.2 billion. Free cash flow generation remained robust at $4.6 billion year-to-date.Management executed $3.3 billion in share repurchases under its new $15 billion authorization. The company completed the separation of GE Vernova in April 2024 and reached a $362.5 million settlement agreement for the Sjunde AP-Fonden shareholder lawsuit. Looking ahead, GE Aerospace remains focused on meeting growing commercial aerospace demand while managing ongoing supply chain constraints.
GE Aerospace reported Q3 2024 revenues of $9.8 billion, up 6% year-over-year, driven by Commercial Engines & Services growth. Operating profit increased 14% to $1.8 billion with margins expanding to 20.3%. Earnings per share reached $1.56, while adjusted EPS was $1.15 excluding special items. Commercial services revenues grew significantly on higher spare parts volume and improved pricing.The company's backlog expanded 8% to $166.1 billion, reflecting strong commercial aerospace demand. Commercial Engines & Services segment profit rose 16% to $1.8 billion on increased aftermarket volume and favorable pricing, while Defense & Propulsion Technologies revenue grew 2% to $2.2 billion. Free cash flow generation remained robust at $4.6 billion year-to-date.Management executed $3.3 billion in share repurchases under its new $15 billion authorization. The company completed the separation of GE Vernova in April 2024 and reached a $362.5 million settlement agreement for the Sjunde AP-Fonden shareholder lawsuit. Looking ahead, GE Aerospace remains focused on meeting growing commercial aerospace demand while managing ongoing supply chain constraints.
通用电气航空在2024年第三季度报告了98亿美元的营业收入,同比增长6%,主要得益于商业发动机与服务的增长。营业利润增长14%,达到18亿美元,利润率扩大至20.3%。每股收益达到1.56美元,而调整后每股收益为1.15美元,排除特殊项目。由于备用零件成交量增加和定价改善,商业服务收入显著增长。该公司的订单积压增长8%,达到1661亿美元,反映出商业航空强劲的需求。商业发动机与服务部门的利润增长16%,达到18亿美元,受益于售后市场成交量增长和有利定价,而军工股与推进技术的收入增长2%,达到22亿美元。自由现金流的生成保持强劲,年初至今为46亿美元。管理层在其新获得的150亿美元授权下进行了33亿美元的股票回购。公司于2024年4月完成了GE Vernova的分拆,并达成了36250万美元的和解协议,以解决Sjunde AP-Fonden股东诉讼。展望未来,通用电气航空将继续专注于满足日益增长的商业航空需求,同时管理持续的供应链限制。
通用电气航空在2024年第三季度报告了98亿美元的营业收入,同比增长6%,主要得益于商业发动机与服务的增长。营业利润增长14%,达到18亿美元,利润率扩大至20.3%。每股收益达到1.56美元,而调整后每股收益为1.15美元,排除特殊项目。由于备用零件成交量增加和定价改善,商业服务收入显著增长。该公司的订单积压增长8%,达到1661亿美元,反映出商业航空强劲的需求。商业发动机与服务部门的利润增长16%,达到18亿美元,受益于售后市场成交量增长和有利定价,而军工股与推进技术的收入增长2%,达到22亿美元。自由现金流的生成保持强劲,年初至今为46亿美元。管理层在其新获得的150亿美元授权下进行了33亿美元的股票回购。公司于2024年4月完成了GE Vernova的分拆,并达成了36250万美元的和解协议,以解决Sjunde AP-Fonden股东诉讼。展望未来,通用电气航空将继续专注于满足日益增长的商业航空需求,同时管理持续的供应链限制。
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