Financial Data and Key Metrics Changes - Orders increased by 12% and revenue grew by 11%, with profit rising to $2.1 billion, a 38% increase year-over-year, leading to margins of 23.8% [8][33] - Earnings per share (EPS) reached $1.49, up 60% year-over-year, while free cash flow was $1.4 billion, down 14% [9][34] - Working capital was a source of cash, primarily from contract assets, with inventory increasing to prepare for higher output [34] Business Line Data and Key Metrics Changes - In Commercial Engines & Services (CES), orders were up 15%, with services orders increasing by 31% and revenue up 14% [36] - Defense & Propulsion Technologies (DPT) saw flat orders year-over-year, with services up 14% and revenue growing by 1% [40][41] - CES profit was $1.9 billion, up 35%, while DPT profit increased by 16% [38][41] Market Data and Key Metrics Changes - The commercial services backlog grew to over $140 billion, with a noted lag in converting orders to revenue due to supply chain dynamics [15] - Spare parts delinquency increased over 2x year-over-year, indicating challenges in meeting demand [15] Company Strategy and Development Direction - The company is focused on service and readiness, with a $170 billion backlog and approximately $3 billion in annual R&D spending [7][8] - GE Aerospace is investing $1 billion in U.S. manufacturing and hiring over 5,000 U.S. workers to support domestic manufacturing efforts [11] - The company is advocating for zero-for-zero tariffs in the aviation sector to maintain competitiveness [12] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in maintaining full-year guidance despite macroeconomic uncertainties, expecting low double-digit revenue growth and profit between $7.8 billion to $8.2 billion [44][45] - The company is taking a cautious approach to second-half expectations, adjusting for potential tariff impacts and a slowdown in departures [46][47] Other Important Information - The company is leveraging its FLIGHT DECK operating model to address supply chain constraints and improve operational efficiency [18][25] - The LEAP engine is expected to see significant growth, with external shop visits growing over 60% in the first quarter [24] Q&A Session Summary Question: Comments on tariffs and interactions with the administration - Management has engaged with senior administration officials, advocating for a return to a zero-tariff approach, emphasizing the sector's $75 billion trade surplus [58][61] Question: Margin expectations in light of tariffs - Management expects continued momentum into the second quarter, with revenue growth better than the first quarter and profit dollars flat to sequentially up [72] Question: Departure growth assumptions for the second half - Management is taking a conservative view on departures, expecting minimal growth in the second half due to potential softening in the U.S. market [80][83] Question: Pricing strategy amidst tariffs - The company plans to implement typical catalog price increases later in the summer while also considering temporary surcharges to offset tariff impacts [92][94] Question: Spare parts purchasing dynamics - No pre-buys were observed in January, with spare parts revenue growth driven by a strong backlog and ongoing demand [100][102] Question: Impact of executive orders on the defense sector - Management views recent executive orders positively, as they may streamline acquisition processes and support growth in defense exports [148] Question: Rare earths and supply chain management - The company is actively managing inventory and sourcing strategies for rare metals, currently not seeing significant issues [152] Question: Balancing price increases and demand - Management aims to balance price increases to offset tariffs while avoiding demand destruction, maintaining a focus on customer relationships [158]

GE Aerospace first quarter 2025 performance April 22, 2025 Financial Results & Company Highlights Caution concerning forward-looking statements: This document contains "forward-looking statements" – that is, statements related to future events that by their nature address matters that are, to different degrees, uncertain. For details on the uncertainties that may cause our actual future results to be materially different than those expressed in our forward-looking statements, see www.geaerospace.com/investo ...

Group 1 - GE Aerospace and RTX Corporation were among the first aerospace and defense companies to report first quarter results [1] - GE stock gained in response to the first quarter earnings release, while RTX stock fell [1] Group 2 - The Aerospace Forum aims to discover investment opportunities in the aerospace, defense, and airline industry [2] - The analysis provided by the forum is informed by data and focuses on the complex industry with significant growth prospects [2]

Core Insights - GE Aerospace reported strong first-quarter 2025 results, with revenues and earnings exceeding expectations [1][2] - The company emerged as a separate public entity in April 2024 after spinning off GE Vernova Inc. [1] Financial Performance - Adjusted earnings were $1.49 per share, surpassing the Zacks Consensus Estimate of $1.26, reflecting a 60% year-over-year increase [2] - Total revenues reached $9.9 billion, an 11% year-over-year increase, with total orders growing 12% to $12.3 billion [2] - Adjusted revenues were $9 billion, beating the consensus estimate of $8.97 billion, marking an 11% year-over-year rise [3] Segment Analysis - Revenues from the Commercial Engines & Services segment increased by 14.5% year over year to $6.98 billion, driven by higher shop visit work and increased spare parts [3] - The Defense & Propulsion Technologies segment reported revenues of $2.32 billion, up 1% year over year, with total orders remaining flat at $3 billion [4] Cost and Profitability - Cost of sales grew 4.3% year over year to $6 billion, while selling, general, and administrative expenses decreased by 14.6% to $876 million [5] - Adjusted operating profit was $2.1 billion, a 38.4% increase year over year, with a margin of 23.8%, up 460 basis points [5] Balance Sheet and Cash Flow - At the end of Q1 2025, cash and cash equivalents totaled $12.4 billion, down from $13.6 billion at the end of December 2024 [6] - Adjusted free cash flow was $1.4 billion, compared to $1.7 billion in the same period last year [6] Shareholder Returns - The company paid $302 million in dividends and repurchased shares worth approximately $1.97 billion during the quarter [7] Future Outlook - For 2025, GE expects adjusted revenues to grow in the low-double-digit range, with operating profit estimated between $7.8 billion and $8.2 billion [8] - The Commercial Engines & Services segment is projected to see mid-teen revenue growth, while the Defense & Propulsion Technologies segment is expected to grow in the mid to high-single-digit range [9]

GE Aerospace exceeded earnings expectations in Q1 2025, with strong commercial orders and services driving profitability.GE Aerospace (GE 3.87%), a leading player in aviation and aerospace technologies, released its Q1 2025 earnings on April 22, 2025. Adjusted earnings per share (Non-GAAP) were $1.49 for Q1 2025, beating analyst expectations of $1.27 (Non-GAAP). The quarter showcased solid performances across its commercial segments. Overall, GE Aerospace demonstrated robust growth, though challenges in sup ...

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 ...

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 March 31, 2025 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 or ot ...

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]

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 ...

GE Aerospace’s stock price is under pressure in 2025 as last year’s rally takes a breather and as investors assess the impact of Donald Trump’s tariffs on all countries. The stock was trading at $181.80 on Thursday, down by 15% from its highest point this year. This article provides a GE forecast ahead of its earnings.GE Aerospace business is thriving Copy link to section GE Aerospace is one of the biggest industrial companies in the United States, with a market cap of over $193 billion.It is what remained ...