Financial Data and Key Metrics Changes - GE Aerospace reported adjusted revenue of $35 billion in 2024, with revenue growth in double digits and profit increasing by $1.7 billion [10] - Free cash flow rose by $1.3 billion, indicating strong financial performance driven by operational and commercial successes [10][12] - The company returned over $6 billion to shareholders through share repurchases and dividends, achieving a total shareholder return of 65% in 2024, significantly outperforming the S&P 500 Industrials Index [13] Business Line Data and Key Metrics Changes - The aftermarket services segment accounted for approximately 70% of total revenue, highlighting its importance to the company's financial health [10] - Orders for more than 4,600 engines were secured in 2024, with significant commitments from major airlines and defense sectors [11] - The LEAP engine program is a key growth driver, with aftermarket capacity expanded by 40% in 2024 and enhancements expected to double its time on wing performance [12] Market Data and Key Metrics Changes - The commercial services backlog stands at over $140 billion, providing visibility for future revenue growth [17] - The aerospace sector has benefited from a tariff-free regime since 1979, contributing to a $75 billion annual US trade surplus [40] - Supply chain constraints were identified as a challenge, particularly related to 15 priority supplier sites, but improvements were made to increase material input by 26% in the second half of 2024 [15][46] Company Strategy and Development Direction - The company is focused on service and readiness, with a strategy that emphasizes operational efficiency and customer satisfaction [13] - GE Aerospace plans to invest over $3 billion annually in R&D to advance technologies that will shape the future of flight, including open fan engines and hypersonics [48][49] - The integration of engineering and supply chain teams into a new technology and operations organization aims to enhance collaboration and accelerate problem-solving [16][46] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in delivering another strong year in 2025, supported by a robust start and a significant commercial services backlog [17] - The company is navigating macroeconomic uncertainties while focusing on sustainable improvements to meet demand in 2025 [46] - Management emphasized the importance of maintaining investments in key priorities despite the challenges posed by heightened tariffs [41][42] Other Important Information - The company has a diversified fleet of preferred platforms across narrow body and defense sectors, which enhances its competitive advantage [18] - GE Aerospace's commitment to safety, quality, delivery, and cost remains a core principle guiding its operations [18] Q&A Session Summary Question: What are your current and future views on the administration's tariffs as it applies to GE Aerospace growth and supplies to and from other countries? - Management supports the administration's focus on American competitiveness and plans to invest $1 billion in US manufacturing while hiring 5,000 workers [40] - Heightened tariffs are expected to result in additional costs, but the company is taking actions to offset these impacts, estimating a reduction of incremental costs to $500 million in 2025 [41][42] Question: What were factors in 2024 that limited revenue growth for commercial engines and services in the company overall? - While total company revenue was up double digits, supply chain and material constraints were significant challenges, particularly from priority suppliers [44] - The company is reorganizing teams to improve transparency and stability with suppliers, aiming for increased output in 2025 [46] Question: What technologies is the company most excited about? - The company is investing in technologies that will shape next-generation aviation, including RISE technologies for commercial aerospace and advanced engines for defense [48][49]

SÃO PAULO, May 6, 2025 /PRNewswire/ -- EMBRAER S.A. (NYSE: ERJ; B3: EMBR3) RELEASES ITS FIRST QUARTER 2025 EARNINGS RESULTS.HIGHLIGHTS 2025 Guidance reiterated: Commercial Aviation deliveries between 77 and 85 aircraft, and Executive Aviation deliveries between 145 and 155 aircraft. Total company revenues in the US$7.0 to US$7.5 billion range, adjusted EBIT margin between +7.5% and +8.3%, and adjusted free cash flow of US$200 million or higher for the year. The company highlights Q1 results were not impacte ...

Cancellation of the Orion program could cost Lockheed Martin stock billions.Lockheed Martin (LMT -1.64%) is riding the market roller coaster on Friday.In early trading, shares of the defense giant jumped nearly 3% on a Wells Fargo report calling the new fiscal year 2026 defense budget a "big win for defense stocks."No sooner had that report come out, though, than Bloomberg broke bad news for Lockheed: The Trump administration plans to end Space Launch System launches and terminate production of Orion space ...

DALLAS, May 1, 2025 /PRNewswire/ -- ATI Inc. (NYSE: ATI) announces that effective May 1, 2025, its Global Industry Classification Standard (GICS) code has been reclassified to Aerospace and Defense, providing further recognition of the Company's transformation into a world-class A&D supplier. Previously, ATI was categorized as Metals and Mining under the standardized industry classification system administered by S&P Dow Jones Indices and MSCI."This reclassification reaffirms ATI's continued transformation ...

Core Viewpoint - Mercury Systems, Inc. has completed the acquisition of Star Lab, enhancing its secure processing capabilities for aerospace and defense applications [1][2]. Group 1: Acquisition Details - The acquisition of Star Lab, a subsidiary of Wind River Systems, focuses on anti-tamper and cybersecurity software solutions that protect mission-critical processors from advanced attacks [2]. - Mercury has collaborated with Star Lab for over a decade, utilizing its technology in various products to safeguard confidential data from adversarial threats [2][3]. - Star Lab's software integrates seamlessly with many Mercury products, enhancing cybersecurity protection across a wide range of solutions [3]. Group 2: Strategic Importance - The acquisition will allow Mercury to expand its portfolio of fully integrated security solutions, addressing the increasing need for holistic security in government missions [4]. - Mercury is recognized as a leader in secure processing technologies, with expertise in advanced cryptography and physical protection technologies [4]. Group 3: Company Overview - Mercury Systems delivers mission-critical processing power to the edge, supporting advanced technologies for aerospace and defense missions [5]. - The company operates in over 300 programs across 35 countries, providing solutions in mission computing, sensor processing, command and control, and communications [5].

ARLINGTON, Va., May 1, 2025 /PRNewswire/ -- RTX (NYSE: RTX) announced today that its Board of Directors declared a dividend of 68 cents per outstanding share of RTX common stock, which represents an increase of 7.9 percent over the prior quarter's dividend amount. The dividend will be payable on June 12, 2025 to shareowners of record at the close of business on May 23, 2025."Today's dividend increase reflects our confidence in executing on RTX's robust backlog, the long-term cash generation power of our com ...

ATI (ATI) Q1 2025 Earnings Call May 01, 2025 08:30 AM ET Speaker0 Hello, and welcome, everyone, to the ATI First Quarter twenty twenty five Earnings Call. My name is Becky, and I'll be your operator today. I will now hand over to your host, David Weston, Vice President of Investor Relations, to begin. Please go ahead. Speaker1 Thank you. Good morning and welcome to ATI's first quarter twenty twenty five earnings call. Today's discussion is being webcast online at atimaterials.com. Participating in today's c ...

Financial Data and Key Metrics Changes - Revenues grew 10% year over year, exceeding $1,100,000,000 for the quarter [6][20] - Adjusted EBITDA reached $195,000,000, surpassing the top end of guidance by $15,000,000 [6][20] - Adjusted earnings per share came in at $0.72, beating the guidance range of $0.55 to $0.61 [6][20] - Free cash flow usage was $143,000,000, lower than Q1 2024 and favorable to 2025 estimates [24] Business Line Data and Key Metrics Changes - Aerospace and Defense (A&D) represented 66% of total revenue in Q1, with defense sales growing 11% year over year [18][16] - Commercial jet engine sales grew 35% year over year, accounting for 37% of total Q1 revenue [13][14] - Airframe business represented 18% of Q1 revenue, with strong demand for titanium capabilities [15] - HPMC margins increased by 400 basis points year over year, driven by A&D core strength [21][22] - AANS margins were down 140 basis points sequentially but up 90 basis points year over year [23] Market Data and Key Metrics Changes - Industrial markets, representing approximately 20% of total business, are seeing some customers adopt a wait-and-see approach [12] - Tariffs announced in 2025 represent approximately $50,000,000 in annual cost exposure prior to offsets [11] Company Strategy and Development Direction - The company is focused on high-value A&D applications, with a strategic evolution validated by a reclassification to aerospace and defense [18] - Plans to repurchase up to $250,000,000 in shares in Q2, reflecting confidence in current share price [9][31] - The company is leveraging a diversified global supply chain to manage costs effectively amid trade uncertainties [10][54] Management's Comments on Operating Environment and Future Outlook - Management remains confident in A&D demand, with robust backlogs and no cancellations in engine material orders [12][57] - The company anticipates Q2 results to mirror Q1, with a full-year adjusted EBITDA guidance of $800,000,000 to $840,000,000 [26][29] - Management acknowledges potential risks in industrial markets but expects A&D sales to grow 12% to 14% in 2025 [28][29] Other Important Information - A new five-year agreement with Airbus worth approximately $1,000,000,000 was signed, significantly increasing participation [87][114] - The company has secured long-term contracts for critical alloys, ensuring supply stability into the next decade [116][120] Q&A Session Summary Question: Contribution of aftermarket or MRO to A&D growth - Management noted strong MRO demand running at 40% to 50%, with expectations to double revenue from GTF work in 2025 [39][40] Question: Impact of U.S.-Ukraine mineral deal on sourcing - Management indicated potential positive long-term impacts on titanium sponge supply but noted no immediate effects [44][46] Question: Pricing trends in HPMC - Pricing for titanium and nickel increased by 6% to 7% year over year, with long-term agreements allowing for sustained price increases [51][52] Question: Tariff impact and offsets - Management discussed various levers to manage tariff impacts, including a diversified supply chain and contract mechanisms to pass through costs [53][55] Question: Margin expectations amid industrial market declines - Management expects AANS margins to remain in the mid-teens despite potential declines in industrial sales [103][104] Question: Financial impact of the new labor contract - The labor contract was in line with expectations and is built into guidance, ensuring support for aerospace customers [105][106] Question: Size of the new Airbus contract relative to past business - The new contract is expected to double participation with Airbus compared to previous years [114][115] Question: Duration and exclusivity of sole source alloys - Contracts for critical alloys extend into the middle of the next decade, with high barriers to entry for potential competitors [116][120]

CTS (CTS) Q1 2025 Earnings Call April 30, 2025 10:00 AM ET Company Participants Kieran O’Sullivan - Chairman, President and Chief Executive OfficerAshish Agrawal - VP & CFO Conference Call Participants John Franzreb - Senior Equity AnalystHendi Susanto - Research Analyst Operator Hello, everyone, and thank you for joining the CTS Corporation First Quarter twenty twenty five Earnings Call. My name is Marie, and I will be coordinating your call today. I will now hand over to your host, Kieran O'Sullivan, Chai ...

Core Viewpoint - The aerospace and defense industry has shown unexpected strong performance in Q1 2025, leading to upgrades from Wall Street analysts despite tariff uncertainties affecting manufacturing-heavy stocks [1][2]. Group 1: Boeing - Boeing reported better-than-expected Q1 results, with an adjusted loss per share of -$0.49, surpassing the consensus estimate of -$1.30 [3][4]. - Revenues increased by 18% after four consecutive quarters of negative growth, and commercial plane deliveries grew by 57% year-over-year [4]. - Analysts raised their price targets on Boeing by an average of 8% following the earnings release [4][5]. Group 2: Lockheed Martin - Lockheed Martin exceeded consensus estimates with an EPS of $7.28 and sales growth of over 4% in Q1 [7]. - The company has a substantial backlog of $173 billion, which is 2.4 times its total sales for 2024 [7]. - Analysts have raised their price targets, indicating an average upside of nearly 13% for Lockheed Martin shares [10]. Group 3: GE Aerospace - GE Aerospace surpassed estimates on both EPS and sales, with revenue rising by 11% and an adjusted operating margin increase of 460 basis points [11]. - The company has a backlog of $140 billion, over three times its revenue for 2024 [11]. - Analysts at Bank of America praised GE Aerospace's proactive tariff mitigation strategy, with an average upside of nearly 11% in share price following the earnings release [12].