GE Aerospace: sales up 6% on a reported basis

(CercleFinance.com) - GE Aerospace today announced its results for the third quarter ending September 30, 2024.
The quarter was marked by significant growth in profits and cash flow, leading the Group to raise its full-year guidance

Total orders up 28% to $12.6 billion.

Total sales up 6% to $9.8 billion; adjusted sales up 6% to $8.9 billion.

The Group posted earnings of $1.9 billion, and operating income of $1.8 billion (+14%).

GE Aerospace CEO H. Lawrence Culp Jr, said: 'We increased our earnings by 25% and generated substantial free cash flow, both largely driven by services. Given the strength of our results and expectations for the fourth quarter, we are raising our earnings and cash flow guidance for the year. '

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