About this content About Angela Harmantas Angela Harmantas is an Editor at Proactive. She has over 15 years of experience covering the equity markets in North America, with a particular focus on junior resource stocks. Angela has reported from numerous countries around the world, including Canada, the US, Australia, Brazil, Ghana, and South Africa for leading trade publications. Previously, she worked in investor relations and led the foreign direct investment program in Canada for the Swedish government ...

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通用电气(GE.N)：削减成本以维持业绩指引。 ...

Financial Performance - Total revenue for the three months ended March 31, 2025, increased by $1.0 billion, or 11%, to $9.935 billion compared to $8.955 billion in the same period of 2024[16]. - Net income from continuing operations attributable to common shareholders for Q1 2025 was $1.967 billion, an increase of $0.226 billion from $1.741 billion in Q1 2024, with continuing EPS rising to $1.83 from $1.58[18]. - Operating profit for Q1 2025 was $2.1 billion, an increase of $0.6 billion, with an operating profit margin of 23.8%, up 460 basis points from the previous year[18]. - Adjusted net income for Q1 2025 was $1.6 billion, reflecting a $0.6 billion increase due to higher segment profit and reduced operating costs[18]. - Total segment revenue increased by $0.9 billion, or 14%, to $6.977 billion compared to $6.095 billion in the same period of 2024[26]. - Segment profit for the same period rose by $0.5 billion, or 35%, reaching $1.920 billion, up from $1.419 billion in 2024[26]. - Net income for the three months ended March 31, 2025, was $1,972 million, compared to $1,565 million in the same period of 2024, representing a 26% increase[86]. - Adjusted revenue for the three months ended March 31, 2025, was $9.001 billion, an increase of 11.4% from $8.076 billion in 2024[71]. - EPS from continuing operations increased to $1.83 in Q1 2025 from $1.58 in Q1 2024, representing a growth of 15.8%[146]. Revenue and Orders - The backlog of orders (RPO) as of March 31, 2025, increased by $1.0 billion, or 1%, to $172.599 billion from $171.635 billion at the end of 2024[19]. - Services revenue for Q1 2025 rose to $6.347 billion, up from $5.655 billion in Q1 2024, driven by increased spare parts volume and internal shop visit volume[16]. - Significant new deals were announced with major customers, including ANA HOLDINGS ordering over 75 LEAP engines and additional GEnx engines for their Boeing 787s[21]. - Total segment revenue for the three months ended March 31, 2025, was $9,301 million, an increase from $8,408 million in the same period of 2024, representing a growth of 10.6%[183]. - The aggregate amount of contracted revenue allocated to unsatisfied performance obligations as of March 31, 2025, was $172,599 million, with $149,293 million related to services and $23,306 million related to equipment[184]. Cash Flow and Investments - Cash from operating activities was $1.5 billion for the three months ended March 31, 2025, a decrease of $0.1 billion compared to 2024[59]. - Cash used for investing activities was $(0.3) billion for the three months ended March 31, 2025, a decrease of $0.8 billion compared to 2024[60]. - Cash used for financing activities was $(2.3) billion for the three months ended March 31, 2025, an increase of $2.2 billion compared to 2024[61]. - The company repurchased 9.5 million shares for $1.9 billion in the first quarter of 2025, as part of a $15 billion stock repurchase program[51]. - Cash, cash equivalents, and restricted cash totaled $12.4 billion as of March 31, 2025, with $4.3 billion held in the U.S. and $8.1 billion held outside the U.S.[48]. Tax and Financial Ratings - The effective income tax rate for the three months ended March 31, 2025, was 12.6%, compared to 12.3% for the same period in 2024[43]. - Moody's upgraded the company's long-term rating from Baa1 to A3, while S&P upgraded it from BBB+ to A- with a stable outlook[53]. - The adjusted effective income tax rate for Q1 2025 was 17.6%, down from 20.7% in Q1 2024[74]. Research and Development - Research and development expenses increased to $359 million in Q1 2025 from $270 million in Q1 2024, a rise of 33%[83]. - Research and development expenses for the Commercial Engines & Services segment increased to $288 million in Q1 2025 from $201 million in Q1 2024, marking a rise of 43.3%[183]. - Engineering investments increased compared to the prior year, focusing on expanding production capacity and developing technologies for a more efficient future of flight[22]. Liabilities and Assets - Consolidated total borrowings increased by $0.3 billion to $19.6 billion as of March 31, 2025, primarily due to foreign exchange movement[52]. - Total assets as of March 31, 2025, were $124,123 million, a slight increase from $123,140 million at the end of 2024[84]. - Current liabilities increased to $34,941 million in Q1 2025 from $34,392 million in Q1 2024, an increase of 1.6%[84]. - The company reported a net cash outflow from financing activities of $2,284 million in Q1 2025, compared to an outflow of $204 million in Q1 2024[85]. Environmental and Legal Matters - Total reserves related to environmental remediation and worker exposure claims were $2,021 million as of March 31, 2025, slightly up from $2,003 million at December 31, 2024[180]. - The total losses for borrower litigation at Bank BPH were estimated at $2,449 million as of March 31, 2025[96]. - The estimated total losses for borrower litigation at Bank BPH was $2,449 million as of March 31, 2025, slightly down from $2,461 million at December 31, 2024[179]. Other Financial Metrics - Free cash flow (FCF) for Q1 2025 was $1,441 million, down from $1,669 million in Q1 2024, a decrease of 14%[78]. - Total other income decreased to $302 million in Q1 2025 from $1,007 million in Q1 2024, a decline of 70%[150]. - Comprehensive income attributable to the company for Q1 2025 was $2,107 million, compared to $2,086 million in Q1 2024[86].

Financial Performance - Total orders reached $12.3 billion, an increase of 12% year-over-year[4] - Total revenue (GAAP) was $9.9 billion, up 11% from the previous year; adjusted revenue was $9.0 billion, also up 11%[4] - Profit (GAAP) amounted to $2.2 billion, reflecting a 13% increase; operating profit was $2.1 billion, up 38%[4] - Adjusted EPS was $1.49, a significant increase of 60% compared to the previous year[4] - Adjusted net income for Q1 2025 was $1,601 million, with an EPS of $1.49, compared to $1,026 million and an EPS of $0.93 in Q1 2024, representing a 56% increase in adjusted net income[22] - The company reported a net income from continuing operations of $1,967 million for Q1 2025, compared to $1,741 million in Q1 2024, reflecting a 13% year-over-year increase[22] - The adjusted EPS for Q1 2025 was $1.49, reflecting a significant improvement compared to $0.93 in Q1 2024[22] Cash Flow and Investments - Cash from Operating Activities (GAAP) was $1.5 billion, down 5%; free cash flow was $1.4 billion, down 14%[4] - Free cash flow (FCF) for Q1 2025 was $1,441 million, down 14% from $1,669 million in Q1 2024, primarily due to increased separation cash expenditures[25] - Cash flows from operating activities (CFOA) for Q1 2025 were $1,543 million, a decrease of 5% from $1,629 million in Q1 2024[25] - The company emphasizes the importance of free cash flow as a performance metric for its annual executive incentive plan and performance stock units granted in 2025[25] - The company plans to invest nearly $1 billion in U.S. manufacturing and technology, aiming to hire approximately 5,000 workers[5] Revenue Projections - Commercial Engines & Services (CES) revenue is expected to grow in the mid-teens, with operating profit projected at $7.6-$7.9 billion[10] - Defense & Propulsion Technologies (DPT) revenue is anticipated to grow in the mid- to high-single-digit range, with operating profit expected to be between $1.1 billion and $1.3 billion[10] - The full-year 2025 guidance includes adjusted EPS of $5.10 to $5.45 and free cash flow of $6.3 billion to $6.8 billion[8] Contracts and Market Presence - The company has secured a contract from the U.S. Air Force valued up to $5 billion for F110-GE-129 engines[5] - The company has a global installed base of approximately 45,000 commercial and 25,000 military aircraft engines, highlighting its market presence[37] Uncertainties and Costs - The company anticipates significant uncertainty in providing guidance for 2025 operating profit and adjusted EPS due to potential gains or losses from acquisitions and restructuring expenses[26][27] - The company incurred separation costs of $51 million in Q1 2025, down from $259 million in Q1 2024, indicating a reduction in restructuring-related expenditures[22] - The tax effect on insurance net income for Q1 2025 was $24 million, compared to a tax loss of $43 million in Q1 2024, indicating improved tax efficiency[22]

智通财经4月22日电，GE航空航天第一季度调整后每股收益为1.49美元，预期为1.27美元。 ...

GE Aerospace GE will release earnings results for the first quarter, before the opening bell on Tuesday, April 22. Analysts expect the Evendale, Ohio-based company to report quarterly earnings at $1.27 per share, up from 82 cents per share in the year-ago period. GE Aerospace projects to report quarterly revenue at $9.05 billion, compared to $15.17 billion a year earlier, according to data from Benzinga Pro. On April 8, GE Aerospace and MTU Maintenance signed an agreement to service GEnx engines at expanded ...

GE Aerospace (GE) is scheduled to report first-quarter 2025 results on April 22, before market open.The Zacks Consensus Estimate for its first-quarter earnings has decreased 2.3% in the past 90 days. However, the company has an impressive earnings surprise history, having outperformed the consensus estimate in each of the preceding four quarters, the average surprise being 19%. (Find the latest EPS estimates and surprises on Zacks Earnings Calendar.)Let’s see how things have shaped up for GE Aerospace this ...

Company Overview - GE Aerospace is a major industrial company in the United States with a market capitalization exceeding $193 billion, focusing on commercial and defense aircraft engines [2] - The company has undergone restructuring, resulting in a leaner and more profitable organization, benefiting from a robust order book [3] Business Performance - GE Aerospace generated orders of $15.5 billion in the fourth quarter, reflecting a 46% increase year-over-year, contributing to a revenue growth of 16% to $9.9 billion and a net profit increase of 37% to $2.3 billion [4] - For the year, the company reported over $50.3 billion in orders, a 32% increase from the previous year, with revenue rising by 9% to $38.7 billion and a profit margin widening to 19.7% [5] Market Dynamics - The performance of GE Aviation is closely tied to the number of aircraft orders, as its engines are utilized in various aircraft models, including Boeing and Airbus [4] - Analysts project GE's revenue for the first quarter to be $9.05 billion, with expectations of $39.4 billion for the full year and $43.56 billion for the next financial year [5] Impact of Tariffs - Donald Trump's tariffs on imports, particularly a 25% levy on steel and aluminum, are expected to impact GE's margins negatively [6] - The company is also affected by China's recent decision to halt shipments of rare earth elements, which are crucial for engine parts, potentially impacting its business [7] Stock Price Analysis - GE's stock price has recently rebounded, remaining above the 200-day moving average, indicating bullish control [10] - A significant megaphone pattern has formed in the stock price chart, which may lead to a strong bullish breakout, with a key level to watch being the year-to-date high of $213.95, an 18% increase from current levels [11]

Core Viewpoint - The medical device industry is experiencing a transformation driven by AI, evolving from an efficiency tool to an "intelligent collaborator" [1][9][11] Group 1: AI Integration in Medical Devices - AI functionalities have become standard in medical devices showcased at the recent CMEF, indicating widespread adoption [2][8] - Major companies like GE Healthcare and Siemens have been intensively integrating AI into their products over the past few years [4][6] - The demand for AI in China's medical market is significant, with hospitals facing high patient volumes and a need for efficiency [5][6] Group 2: Efficiency and Workflow Improvements - AI applications have visibly improved efficiency in medical processes, such as reducing radiation therapy time from days to 24 minutes [6][9] - AI is helping to alleviate the workload of doctors, particularly in high-demand environments like China, where patient scans can exceed hundreds per day [6][9] - The integration of AI allows for enhanced image quality and diagnostic capabilities without the need for advanced hardware [7][9] Group 3: Challenges and Future Directions - Despite advancements, AI still faces challenges in data acquisition, learning capabilities, and the complexity of medical problems [1][11] - The industry is moving towards multi-modal diagnostics, integrating various data types for comprehensive health assessments [11][12] - Collaboration among device manufacturers and software companies is accelerating to address the challenges of diverse AI applications in healthcare [11][13] Group 4: Ecosystem Development - Companies are focusing on building digital ecosystems to enhance innovation and clinical application of AI technologies [14] - The emergence of platforms that integrate AI across various medical scenarios is being prioritized to streamline patient care and clinical workflows [12][13] - The competitive landscape is shifting from parameter-based competition to ecosystem collaboration and practical application of AI in healthcare [10][11]