🚨 GE Aerospace Q3 2024 Earnings Report Analysis 📊

As a Popular Investor on eToro, I’ve closely examined the recent $GE Aerospace earnings report, and I’m excited to share my insights with you! 🙌

Key Takeaways:

Total orders up 28% to $12.6B 📈
Adjusted revenue up 6% to $8.9B 💰
Adjusted EPS up 25% to $1.15 🤑
Free cash flow up 5% to $1.8B 💸

$GE Aerospace is firing on all cylinders, with demand driving strong order growth across both services and equipment. The company’s focus on servicing and delivering engines faster through the FLIGHT DECK initiative is paying off, with engine deliveries improving more than 20% sequentially. 🚀

The company also secured significant wins in the narrowbody and widebody segments, with orders from Avolon for 150 LEAP-1A engines and commitments from EVA Air and Qatar Airways for GEnx and GE9X engines, respectively. 🛩️

In the defense sector, $GE Aerospace finalized a commitment with the Polish Ministry of National Defense for over 200 T700 engines and was selected to overhaul and upgrade the GEnx-2B engines powering the United States Air Force Survivable Airborne Operations Center. 🚁

Looking ahead, $GE Aerospace is well-positioned for success. The company is making strides in its CFM RISE technology initiative and progressing testing of the T901 engine for the Blackhawk and Bell’s Future Long Range Assault Aircraft. 🔬

Despite challenges in the additive manufacturing industry, $GE Aerospace remains committed to its Colibrium Additive business, recognizing its critical role in current and future technology. 🏭

With strong year-to-date performance and a positive trajectory entering Q4, $GE Aerospace is raising its full-year 2024 guidance:

Commercial Engines & Services operating profit: $6.6-$6.8 billion (up from $6.3-$6.5 billion) 📈
Defense & Propulsion Technologies operating profit: lower end of $1.0-$1.3 billion range 📉
In conclusion, I believe the investment thesis for $GE Aerospace remains strong, and I consider it a “BUY” at current levels. The company’s focus on innovation, operational excellence, and strategic wins in key segments positions it well for long-term growth and value creation. 💪

Disclaimer: This is not financial advice. Always do your own research and consult with a professional before making any investment decisions.

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