GE - General Electric Company (GE) Q2 2024 Earnings Call Transcript
2024-07-23 11:42:09 ET
General Electric Company (GE)
Q2 2024 Earnings Conference Call
July 23, 2024 07:30 AM ET
Company Participants
Blaire Shoor - Director of Investor Relations
Lawrence Culp - Chairman and Chief Executive Officer
Rahul Ghai - Senior Vice President and Chief Financial Officer
Conference Call Participants
Robert Spingarn - Melius Research LLC
Myles Walton - Wolfe Research
Sheila Kahyaoglu - Jefferies LLC
David Strauss - Barclays Bank PLC
Seth Seifman - JPMorgan Chase & Co.
Gautam Khanna - TD Cowen
Scott Deuschle - Deutsche Bank
Robert Stallard - Vertical Research Partners LLC
Noah Poponak - Goldman Sachs
Gavin Parsons - UBS
Jason Gursky - Citigroup Inc.
Matthew Akers - Wells Fargo Securities, LLC
Presentation
Operator
Good day, ladies and gentlemen, and welcome to the GE Aerospace Second Quarter 2024 Earnings Conference Call. At this time all participants are in a listen-only mode. My name is Liz, and I will be your conference coordinator today. [Operator Instructions] As a reminder, this conference is being recorded.
I would now like to turn the program over to your host for today's conference, Blaire Shoor from the GE Aerospace Investor Relations team. Please proceed.
Blaire Shoor
Thanks, Liz. Welcome to GE Aerospace's second quarter 2024 earnings call. I'm joined by Chairman and CEO, Larry Culp; and CFO, Rahul Ghai. Many of the statements we are making are forward-looking and based on our best view of the world and our businesses as we see them today. As described in our SEC filings and website, those elements may change as the world changes.
Now over to Larry.
Lawrence Culp
Blaire, thanks. And hello, everyone, from London near the Farnborough International Airshow for GE Aerospace's first earnings call as an independent company. GE Aerospace is an exceptional franchise with the industry's largest and growing commercial propulsion fleet and is the rotorcraft and combat engine provider of choice. Our installed base of 70,000 commercial and defense engine supports our aftermarket services business, representing about 70% of our revenues that's recurring, resilient and keeps us close to our customers.
Our purpose has never been clearer. To invent the future of flight, lift people up and bring them home safely. Those last four words, bring them home safely, is a serious responsibility. At any point, there are 900,000 people in the sky with our technology under wing, which is why safety and quality are at the center of everything that we do. Our teams around the world understand it is our top priority in Paramount and FLIGHT DECK, our proprietary lean operating model....
General Electric Company (GE) Q2 2024 Earnings Call Transcript