General Motor Aerospace Half-Year Report 2024

GE Aerospace Chairman and CEO H. Lawrence Culp, Jr. said, “The GE Aerospace team delivered another strong quarter marked by double-digit increases across orders, operating profit, and free cash flow. Given our performance year-to-date and momentum across our businesses we are raising our full-year profit and free cash flow guidance.”

Culp continued, “We are accelerating our actions and leveraging FLIGHT DECK to unlock supply constraints and fully meet customer demand. I am confident that advancing our strategic priorities for today, tomorrow and the future, will enable us to meet the needs of our customers and create exceptional value for shareholders.” 

Highlights

• Total orders of $11.2B, +18%
• Total revenue (GAAP) of $9.1B, +4%; adjusted revenue* $8.2B, +4%
• Profit (GAAP) of $1.4B, (4)%; operating profit* $1.9B, +37%
• Profit margin (GAAP) of 15.9%, (130) bps; operating profit margin* 23.1%, +560 bps
• Continuing EPS (GAAP) of $1.20, +$0.11; adjusted EPS* $1.20, +$0.46
• Cash from Operating Activities (GAAP) of $1.0B, +$0.2B; free cash flow* $1.1B, +$0.2B