General Electrics Q1 Report 2024

GE Aerospace announced results for the first quarter ending March 31, 2024.

Highlights

First quarter 2024 GE Consolidated Results (including GE Aerospace and GE Vernova): Total orders of $20.1B, +14%; organic orders +14%

• Total revenue (GAAP) of $16.1B, +11%; adjusted revenue* $15.2B, +10% organically*
• Profit margin (GAAP) of 11.6%, (3,320) bps; adjusted profit margin* 10.2%, +300 bps organically*
• Continuing EPS (GAAP) of $1.38, $(4.18); adjusted EPS* $0.82, +$0.55
• Cash from Operating Activities (GAAP) of $1.0B, +$0.9B; free cash flow* $0.9B, +$0.7B

First quarter 2024 GE Aerospace Results (on a standalone basis)’:

• Total orders of $11.0B, +34%
• Adjusted revenue* $8.1B, +15%
• Operating profit* $1.5B, +24%
• Operating profit margin 19.1%, +140 bps Free cash flow* $1.78, +$0.8B