GE Aerospace Q3 Earnings: Orders Surge, Lifts Earnings Outlook & More

GE Aerospace (NYSE:GE) reported third-quarter 2024 adjusted revenue growth of 6% year-over-year to $8.943 billion and GAAP revenue of $9.84 billion. The analyst consensus was $9.022 billion.

Total orders increased 28% year-over-year to $12.6 billion, with Commercial Engines & Services +29% and Defense & Propulsion Technologies +19%.

Revenues by segments: Commercial Engines & Services $7.0 billion (+8% Y/Y) and Defense & Propulsion Technologies $2.243 billion (+2% Y/Y).

GE Aerospace’s adjusted profit margin expanded 150 bps to 20.3%, with an adjusted operating profit of $1.818 billion, up 14% year-over-year.

“The GE Aerospace team delivered strong results, with demand driving orders ...