GE Aerospace Third-Quarter Revenue Rises 16% to $14.12 Billion; Adjusted EPS of $2.25 Tops Estimates as Orders Jump 49% and Full-Year Guidance Is Raised
GE Aerospace on Tuesday reported third-quarter profit from continuing operations of $2.41 billion, or $2.32 a share, compared with $2.17 billion, or $2.04 a share, a year earlier. Stripping out one-time items, adjusted earnings came in at $2.25 a share, above the $2.01 a share expected by analysts surveyed by FactSet. Revenue rose 16% to $14.12 billion, topping Wall Street models for $12.88 billion; on an adjusted basis, revenue was $13.3 billion.
Revenue from the commercial engines and services segment jumped 21%, while the defense and propulsion technologies business had a 6.7% increase in sales. Chief Executive Larry Culp said solid demand drove orders up 49%, to $19.0 billion in the quarter. "We are raising our 2026 guidance across the board, and we now expect 2027 commercial services to grow low-double-digits supported by our over $170 billion commercial services backlog," he added.
For the year, GE Aerospace now expects adjusted earnings of $8 to $8.10 a share, up from a previous range of $7.65 to $7.85 a share; analysts were looking for $7.94 a share. The company also raised its adjusted revenue-growth outlook to between 19% and 20%, up from the high-teens percentage growth it had previously forecast.
In post-earnings trading moves reported by Investopedia, GE Aerospace shares declined about 3.5% on Tuesday, while General Motors sank 5.5%; 3M rose, and defense contractors RTX and Northrop Grumman rose about 1% and 5%, respectively.
Published by GSM · USA (original Chinese edition)
Photo: GE 航空航天总部综合体（俄亥俄州 Evendale，2023 年摄）资料图。照片：DigitalIceAge 摄，CC BY 4.0，经维基共享资源。 / File photo: the GE Aerospace Headquarters Complex in Evendale, Ohio (2023). Photo by DigitalIceAge, CC BY 4.0, via Wikimedia Commons.
