GE Aerospace: reports 6% sales growth
(CercleFinance.com) - GE Aerospace today announced its results for Q3 to 30 September 2024.
The quarter was marked by significant growth in both earnings and cash flow, leading it to raise its full-year guidance
Total orders rose 28% to $12.6bn.
Total sales increased 6% to $9.8bn; adjusted sales were also up 6% to $8.9bn.
The group posted earnings of $1.9bn, with operating income of $1.8bn (+14%).
Management said that it increased our earnings by 25% and generated substantial free cash flow, both largely driven by services. Given the strength of results and expectations for Q4, it is raising its FY earnings and cash flow guidance.
Copyright (c) 2024 CercleFinance.com. All rights reserved.
The quarter was marked by significant growth in both earnings and cash flow, leading it to raise its full-year guidance
Total orders rose 28% to $12.6bn.
Total sales increased 6% to $9.8bn; adjusted sales were also up 6% to $8.9bn.
The group posted earnings of $1.9bn, with operating income of $1.8bn (+14%).
Management said that it increased our earnings by 25% and generated substantial free cash flow, both largely driven by services. Given the strength of results and expectations for Q4, it is raising its FY earnings and cash flow guidance.
Copyright (c) 2024 CercleFinance.com. All rights reserved.