The earnings call highlighted GE Aerospace's strong financial performance in 2024, marked by significant revenue, profit, and cash flow growth. Despite supply chain challenges impacting some areas, the company showed resilience and adaptability. The positive outlook for 2025, with expected growth across key metrics, underscores confidence in overcoming current challenges. The overall sentiment conveyed optimism due to robust demand and strategic initiatives.

Company Guidance

During the GE Aerospace Q4 2024 earnings call, executives provided robust guidance for 2025, emphasizing anticipated continued growth across various financial metrics. They forecast low double-digit revenue growth, driven by mid-teens growth in the Commercial Engines & Services (CES) segment, with CES profit expected to increase by $700 million at the midpoint. The company aims for total profit between $7.8 billion and $8.2 billion, translating to EPS between $5.10 and $5.45, reflecting a 15% rise at the midpoint. Free cash flow is projected to reach $6.3 billion to $6.8 billion, maintaining a conversion rate above 100%. GE Aerospace plans to increase its share repurchases to $7 billion and raise its dividend by 30%, pending board approval, underscoring strong shareholder returns. The company highlighted the strategic use of their FLIGHT DECK operating model to enhance operational efficiency and address supply chain constraints, supporting both new engine deliveries and aftermarket services.

Record Orders and Revenue Growth

In Q4 2024, orders increased by 46% and revenue grew by 16% with double-digit growth in services and equipment. For the full year, revenue was up 10% and profit increased by 30% to $7.3 billion.

Strong Free Cash Flow

Free cash flow increased by 21% in Q4 and by nearly 30% for the year, reaching $6.1 billion with conversion over 120%.

Impressive Growth in Commercial Engines & Services

Q4 orders were up 50%, revenue increased by 19%, and profit rose by 44%. For the full year, profit grew by 25% to $7.1 billion.

Defense and Propulsion Technologies Growth

For Q4 2024, orders were up 22%, and defense units nearly doubled sequentially. Full-year revenue rose by 6% and profit increased by 17% to $1.1 billion.

Positive Outlook for 2025

GE Aerospace expects low double-digit revenue growth, profit in the range of $7.8 billion to $8.2 billion, EPS growth of 15% at the midpoint, and free cash flow of $6.3 billion to $6.8 billion for 2025.

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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
Jul 20, 2018	2018 (Q2)	- / 1.46	2.153	-32.14% (-0.69)	―	―
Oct 30, 2018	2018 (Q3)	- / 1.08	2.23	-51.70% (-1.15)	―	―
Jan 31, 2019	2018 (Q4)	- / 1.02	1.62	-37.04% (-0.60)	―	―
Apr 30, 2019	2019 (Q1)	- / 0.87	0.96	-8.96% (-0.09)	―	―
Jul 31, 2019	2019 (Q2)	- / 1.06	1.14	-6.93% (-0.08)	―	―
Oct 30, 2019	2019 (Q3)	- / 0.94	0.84	11.43% (+0.10)	―	―
Jan 29, 2020	2019 (Q4)	- / 1.31	1.02	28.53% (+0.29)	―	―
Apr 29, 2020	2020 (Q1)	- / 0.25	0.697	-64.28% (-0.45)	―	―
Jul 29, 2020	2020 (Q2)	- / -0.75	0.846	-188.30% (-1.59)	―	―
Oct 28, 2020	2020 (Q3)	- / 0.30	0.747	-59.97% (-0.45)	―	―

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
Jan 23, 2025	$188.36	$200.80	+6.60%
Oct 22, 2024	$193.91	$176.37	-9.05%
Jul 23, 2024	$162.25	$171.47	+5.68%
Apr 23, 2024	$149.47	$161.84	+8.28%

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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