Record-Breaking Quarter for GE Aerospace

GE Aerospace has announced a remarkable 14% increase in its fourth-quarter revenue, totaling $10.8 billion, alongside a significant 37% rise in profit, reaching $2.3 billion.

Annual Performance Highlights

For the entire year, the company celebrated a 9% increase in revenue, amounting to $38.7 billion, and a profit of $7.6 billion. The quarterly earnings per share (EPS) saw a 62% surge to $1.75, with the full-year EPS at $6.09.

Looking Ahead to 2025

"As we look towards 2025, we anticipate double-digit growth in both revenue and EPS, with free cash flow conversion expected to exceed 100%. Guided by our proprietary lean operating model, FLIGHT DECK, I am confident in our capacity to accelerate output and meet our customers' needs," stated GE Aerospace Chairman and CEO H. Lawrence Culp, Jr.

Following the release of this report, GE Aerospace's shares experienced a 5% increase in premarket trading, signaling strong investor confidence in the company's future.