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