GE Aerospace (NYSE: GE) reported first-quarter results that came in well ahead of Wall Street expectations, with strong commercial performance offsetting softer defense sales and a modest shortfall in free cash flow. Shares rose more than 6% on Tuesday following the report.
The company posted earnings per share of $1.49 for Q1, beating the consensus estimate of $1.25. Revenue reached $9.94 billion, exceeding the $9.14 billion analysts had forecast, driven by continued strength in the commercial segment.
In segment performance, commercial engines and services generated $6.98 billion in revenue, slightly above the $6.96 billion estimate. However, defense and propulsion technologies underperformed, generating $2.32 billion compared to the $2.42 billion forecast.
Adjusted free cash flow for the quarter came in at $1.44 billion, down 14% from the prior year and just under the $1.46 billion expected. Despite the decline, GE Aerospace reaffirmed its full-year guidance, maintaining its adjusted EPS outlook of $5.10 to $5.45, compared to the $5.42 analyst consensus.
The company also reiterated its full-year adjusted free cash flow target of $6.3 billion to $6.8 billion and adjusted operating profit forecast of $7.8 billion to $8.2 billion.
The results highlight GE Aerospace’s continued momentum in commercial aviation, even as supply chain and defense sector challenges persist into 2025.
GE Aerospace (NYSE: GE) stock is up by 2.39%, trading at $193.70 pre-market today, and has lost 23.70% over the past year.
David Kirakosyan is a seasoned financial journalist with nearly a decade of hands-on experience in covering the U.S. stock markets. Since 2016, he has written thousands of equity news articles, detailed market analyses, and investment insights for trusted platforms like Benzinga, Investing.com, and StreetInsider. David holds a Master of Science in Finance and is a Level 2 CFA® candidate, reflecting his deep commitment to financial expertise and ethical standards. His reporting combines real-world market experience with a strong academic foundation, helping readers make informed decisions backed by reliable information. Read Full Bio
