Categories AlphaGraphs, Earnings, Industrials
GE Aerospace reports higher revenue and profit for Q4 2024; guides FY25
GE Aerospace (NYSE: GE) on Thursday reported an increase in revenue and adjusted earnings for the fourth quarter of 2024. The company also issued guidance for fiscal 2025.
Net income from continuing operations climbed 62% year-over-year to $1.75 per share in the December quarter from $1.08 per share in the prior-year period. Adjusted earnings more than doubled to $1.32 per share during the three months.
Total revenues increased 14% year-over-year to $10.8 billion in the fourth quarter. Commercial Engines & Services revenue grew 19%, and revenues of Defense & Propulsion Technologies rose 4%.
For fiscal 2025, the management expects adjusted earnings to be in the range of $5.10 per share to $5.45 per share, and operating profit between $7.8 billion to $8.2 billion.
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