General Electric TodayGEGeneral Electric$176.59 -17.64 (-9.08%) 52-Week Range$84.58▼$194.80Dividend Yield0.63%P/E Ratio41.85Price Target$198.53Add to WatchlistInvestors may want to consider buying the dip in General Electric NYSE: GE because of its improved operational quality and aerospace industry position. The company has worked hard with its transformation and is a leaner, meaner machine with a widening margin and solid cash flow. The correction in the share prices following the Q3 release is a natural ...

GE Aerospace (GE) has reported third-quarter 2024 results, wherein earnings surpassed the Zacks Consensus Estimate but revenues missed the same.It is worth noting that in April 2024, GE Aerospace emerged as a separate public company, following the spin-off of GE Vernova Inc. (GEV) from General Electric.Inside the HeadlinesThe company’s third-quarter adjusted earnings were $1.15 per share, which beat the Zacks Consensus Estimate of $1.13. The bottom line rose 25% year over year.Total revenues were $9.84 bill ...

Goldman Sachs analyst Noah Poponak expresses their view on GE Aerospace‘s GE third-quarter 2024 results.The company reported adjusted revenue growth of 6% Y/Y to $8.943 billion and GAAP revenue of $9.84 billion. The analyst consensus was $9.022 billion.GE still expects adjusted revenue growth in the high single digits. It now sees adjusted EPS of $4.20 – $4.35 (prior $3.95 – $4.20) vs. the $4.25 consensus.The company now expects adjusted operating profit of $6.7 billion – $6.9 billion (prior $6.5 billion – ...

Investors were caught off guard by a report of weaker-than-expected revenue.Supply chain constraints and issues at Boeing (NYSE: BA) are rippling through to suppliers including GE Aerospace (GE -8.24%), leading GE Aerospace to report quarterly revenue on Tuesday that came in below Wall Street expectations.Investors are running from the shares despite what was otherwise a solid quarter, with the stock down 8% around 1 p.m. ET.Strength in servicesGE Aerospace is one of the world's largest makers of aircraft e ...

About this content About Emily Jarvie Emily began her career as a political journalist for Australian Community Media in Hobart, Tasmania. After she relocated to Toronto, Canada, she reported on business, legal, and scientific developments in the emerging psychedelics sector before joining Proactive in 2022. She brings a strong journalism background with her work featured in newspapers, magazines, and digital publications across Australia, Europe, and North America, including The Examiner, The Advocate, ...

Following a week or two of seemingly higher and higher all-time closing highs, we see something of a pullback in stock market activity in the first two trading days of this week. There aren’t any concrete reasons behind this — no economic data or dire Q3 reports impacting market sentiment — but more a cautious foreboding of what may be to come.The possible explanations for this are manifold. High market valuations naturally bring about caution, and in two weeks we potentially could see a number of prominent ...

Financial Data and Key Metrics - Revenue increased by 6% YoY, driven by growth in services and equipment [5] - Operating profit rose by 14% YoY, with adjusted EPS up 25% [5] - Free cash flow reached $1.8 billion, with a conversion rate of over 140% [5] - Year-to-date, operating profit increased by more than $1 billion, or 25%, driven by commercial services strength [16] - Free cash flow year-to-date was $4.6 billion, up more than $1 billion YoY, with nearly 130% conversion [16] Business Line Performance - **Commercial Engines & Services (CES):** Orders increased by 29%, with services and equipment both growing over 20% [5] - Services revenue grew 10%, supporting a 16% YoY increase in operating profit [6] - Equipment revenue grew 5%, with customer mix and price offsetting lower unit shipments [16] - Operating profit for CES was $1.8 billion, up 16% YoY, with margins expanding 180 basis points [17] - **Defense & Propulsion Technologies (DPT):** Orders increased by 19%, but profit declined [6] - Revenue grew 2%, with Defense & Systems revenue down 2% due to lower engine deliveries [18] - Profit for DPT was $220 million, down 18% YoY, impacted by inflation and investments in next-gen programs [18] Market Performance - Demand for services and products remains robust, with departures up high-single digits YoY and LEAP share of global narrowbody departures increasing over 20% [7] - LEAP fleet size is projected to double by 2030, driving aftermarket growth [9] - In Defense, the Polish Ministry of National Defense will add over 200 T700 engines, and the company secured commitments from Eva Air and Qatar Airways for GEnx and GE9X engines [12] Strategic Direction and Industry Competition - The company is leveraging its FLIGHT DECK operating model to improve efficiency, reduce turnaround times, and expand capacity [10] - Investments of $1 billion in MRO over the next five years aim to enhance inspection techniques and repair capabilities [10] - The company is advancing RISE technologies, including open fan design and turboprop technology, to support sustainable aviation [13] - In Defense, the T901 engine is progressing towards power-on and ground runs, and the XA100 engine completed its fourth round of testing [14] Management Commentary on Operating Environment and Future Outlook - The company raised its full-year guidance due to strong results and expects continued growth in 2025 [7][20] - Management highlighted the importance of supplier collaboration and FLIGHT DECK improvements to meet demand [8][34] - The company is focused on improving LEAP durability and expanding aftermarket capacity to support future growth [9][11] Other Important Information - The company is on track with post-spin separation and restructuring plans, with corporate costs down 25% YoY [19] - Non-GAAP adjustments included gains from the sale of the licensing business and impairment of Colibrium Additive goodwill [19] Q&A Summary Question: 2025 Profit Growth Expectations - The company is working through its 2025 outlook, with a higher starting point due to improved 2024 guidance [26][27] - Commercial services are expected to grow low-double digits, supported by a significant backlog of shop visits and price increases [28] - Equipment growth is expected to accelerate in 2025, with higher 9X shipments, though this may pressure margins [29] Question: LEAP Output and Supply Chain Constraints - The company is focused on improving LEAP output, with sequential improvements in supplier output and new HPT blade certification expected soon [32][34] - The new HPT blade is easier to manufacture and will help increase output, with durability improvements expected to align LEAP with CFM56 levels [34][35] Question: Boeing 777X Program Delay - The delay in the 777X program has no operational impact on GE Aerospace, with engine deliveries continuing as planned [36] - Financial implications include potential adjustments in engine delivery volumes for 2025, with the program expected to be profitable by 2030 [37] Question: Customer Concessions and Penalties - The company has not incurred significant penalties for delivery delinquencies, with improvements expected in the fourth quarter [39][40] Question: DPT Profitability and Margin Pressure - DPT profitability is under pressure due to increased R&D investments in next-gen programs, but the backlog supports mid-to-high single-digit growth in 2025 [41][42] Question: Shop Visits and Spare Parts Sales - Shop visits were flat YoY, but spare parts sales increased, with a high backlog of shop visits expected to drive growth in the fourth quarter [44][46] Question: LEAP Profitability in 2025 - LEAP profitability is expected to improve in 2025, driven by durability enhancements and growth in spare parts sales to third-party networks [50] Question: New HPT Blade Certification and LEAP Output - The new HPT blade is already in production, with certification expected soon, which will help improve LEAP output and durability [54] Question: CFM Shop Visits and Widebody Engines - CFM shop visits are expected to peak in 2025 and remain at that level until 2027, with GE90 engines entering their second shop visit phase [56][57] Question: Supplier Output and FLIGHT DECK Improvements - Supplier output increased by 18% sequentially, with further improvements expected in the fourth quarter and 2025 through FLIGHT DECK initiatives [60][61] Question: 777X Headwind and CES Margins - The 777X program will create a headwind in 2025, with specific impacts to be quantified in January, while CES margins are expected to remain stable despite mix pressures [64][65]

This week is bringing plenty of corporate earnings reports. In fact, about one-fifth of S&P 500 Index (SPX) components will report by the end of the day on Friday. Today, we're taking a look at two stocks that aren't faring too well after their earnings reports. Shares of GE Arospace (NYSE:GE) are down 8.3% to trade at $178.08 at last glance, headed for their largest single-day percentage dip since a 10.3% slide in April 2022. The aerospace and defense stock nabbed an Oct. 17, 17-year high of $194.80, but i ...

GE Aerospace (GE) reported third-quarter results above expectations Tuesday morning, as Chief Executive Officer (CEO) Larry Culp said the company saw strong demand for its airplane engines and other parts in the quarter. The engine and aerospace parts manufacturer posted $9.84 billion in revenue, while analysts polled by Visible Alpha had a consensus estimate of $9.55 billion. Net income was $1.89 billion, or $1.56 per share, compared with the projected $1.28 billion and $1.19. The company also lifted its p ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Mark One) ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ____ to ____ Commission file number 001-00035 GENERAL ELECTRIC COMPANY (Exact name of registrant as specified in its charter) New York 14-0689340 (State o ...