{"id":2118,"date":"2025-01-24T02:35:04","date_gmt":"2025-01-24T02:35:04","guid":{"rendered":"https:\/\/airshowsinternationalmagazine.com\/?p=2118"},"modified":"2025-01-24T02:35:04","modified_gmt":"2025-01-24T02:35:04","slug":"ge-aerospace-announces-fourth-quarter-2024-results","status":"publish","type":"post","link":"https:\/\/airshowsinternationalmagazine.com\/?p=2118","title":{"rendered":"GE AEROSPACE ANNOUNCES FOURTH QUARTER 2024 RESULTS"},"content":{"rendered":"\n<p><strong><em>ASIM, Jan 23<\/em><\/strong><\/p>\n\n\n\n<p>GE Aerospace (NYSE:GE) announced results today for the fourth quarter and full year ending December 31, 2024.<\/p>\n\n\n\n<p>GE Aerospace Chairman and CEO H. Lawrence Culp, Jr. said, \u201cGE Aerospace delivered a strong finish to 2024 given robust demand for our services and products with fourth quarter orders up 46%, EPS more than doubling, and free cash flow increasing over 20%. Our performance capped off a monumental first year as a standalone company with $1.7 billion of profit growth and $1.3 billion of free cash flow growth.\u201d<br><\/p>\n\n\n\n<p>Culp continued, &#8220;Looking to 2025, we expect double-digit revenue and EPS growth with greater than 100% free cash flow conversion. Guided by FLIGHT DECK, our proprietary lean operating model, I&#8217;m confident in our ability to accelerate output and deliver for our customers.&#8221;<\/p>\n\n\n\n<p> Fourth quarter 2024:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Total orders of $15.5B, +46%<\/li>\n\n\n\n<li>Total revenue (GAAP) of $10.8B, +14%; adjusted revenue* $9.9B, +16%<\/li>\n\n\n\n<li>Profit (GAAP) of $2.3B, +37%; operating profit* $2.0B, +49%<\/li>\n\n\n\n<li>Profit margin (GAAP) of 21.2%, +350 bps; operating profit margin* 20.1%, +450 bps<\/li>\n\n\n\n<li>Continuing EPS (GAAP) of $1.75, +62%; adjusted EPS* $1.32, +103%<\/li>\n\n\n\n<li>Cash from Operating Activities (GAAP) of $1.3B, +5%; free cash flow* $1.5B, +21%<br><\/li>\n<\/ul>\n\n\n\n<p>Full year 2024:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Total orders of $50.3B, +32%<\/li>\n\n\n\n<li>Total revenue (GAAP) of $38.7B, +9%; adjusted revenue* $35.1B, +10%<\/li>\n\n\n\n<li>Profit (GAAP) of $7.6B, (27)%; operating profit* $7.3B, +30%<\/li>\n\n\n\n<li>Profit margin (GAAP) of 19.7%, (980) bps; operating profit margin* 20.7%, +330 bps<\/li>\n\n\n\n<li>Continuing EPS (GAAP) of $6.09, (27)%; adjusted EPS* $4.60, +56%<\/li>\n\n\n\n<li>Cash from Operating Activities (GAAP) of $5.8B, +26%; free cash flow* $6.1B, +28%<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>ASIM, Jan 23 GE Aerospace (NYSE:GE) announced results today for the fourth quarter and full year ending December 31, 2024. GE Aerospace Chairman and CEO H. Lawrence Culp, Jr. said, \u201cGE Aerospace delivered a strong finish to 2024 given robust demand for our services and products with fourth quarter orders up 46%, EPS more than [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":2119,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[],"class_list":["post-2118","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"blocksy_meta":[],"_links":{"self":[{"href":"https:\/\/airshowsinternationalmagazine.com\/index.php?rest_route=\/wp\/v2\/posts\/2118","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/airshowsinternationalmagazine.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/airshowsinternationalmagazine.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/airshowsinternationalmagazine.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/airshowsinternationalmagazine.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=2118"}],"version-history":[{"count":1,"href":"https:\/\/airshowsinternationalmagazine.com\/index.php?rest_route=\/wp\/v2\/posts\/2118\/revisions"}],"predecessor-version":[{"id":2120,"href":"https:\/\/airshowsinternationalmagazine.com\/index.php?rest_route=\/wp\/v2\/posts\/2118\/revisions\/2120"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/airshowsinternationalmagazine.com\/index.php?rest_route=\/wp\/v2\/media\/2119"}],"wp:attachment":[{"href":"https:\/\/airshowsinternationalmagazine.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=2118"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/airshowsinternationalmagazine.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=2118"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/airshowsinternationalmagazine.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=2118"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}