GE - Why Is GE Aerospace Stock Trading Higher Today? | Benzinga
Post-spin-off GE Aerospace (NYSE:GE) reported first-quarter 2024 adjusted revenue growth of 15% year-over-year to $8.1 billion, with orders up 34% YoY to $11 billion.
The company reported increased orders in Commercial Engines & Services and Defense & Propulsion Technologies, with revenue growth driven by pricing, spare parts volume, and higher deliveries in widebody and defense sectors.
Consolidated revenue (including GE Aerospace and GE Vernova Inc. (NYSE: GEV)) grew 11% YoY to $16.1 billion and on an adjusted basis, +10% YoY to $15.2 billion. Total orders increased 14% to $20.1 billion.
Adjusted EPS for the consolidated company was $0.82, up from $0.27 a year ago.
GE completed the separation ...