GE Aerospace beats by $0.23, beats on revs; raises FY25 guidance (266.18 +1.51)
- Reports Q2 (Jun) earnings of $1.66 per share, excluding non-recurring items, $0.23 better than the FactSet Consensus of $1.43; revenues rose 21.2% year/year to $11.02 bln vs the $9.59 bln FactSet Consensus.
- GE Aerospace Chairman and CEO H. Lawrence Culp, Jr., said, "The GE Aerospace team delivered an excellent second quarter with free cash flow nearly doubling and more than 20% growth in orders, revenue, operating profit, and EPS. We are raising our 2025 guidance and 2028 outlook, with our operating performance and robust commercial services outlook underpinning our higher revenue, earnings, and cash growth expectations. Our team is using FLIGHT DECK to improve safety, quality, delivery and cost—always in that order—as we strive to provide unrivaled customer service and deliver on our roughly $175 billion backlog."
- Co sees FY25 revs increasing mid teens versus low double digits prior guidance. Co issues raised guidance for FY25, sees EPS of $5.60-5.80 from $5.15-5.45, excluding non-recurring items, vs. $5.63 FactSet Consensus.
- Company raises its 2025 guidance and 2028 outlook, including achieving ~$11.5 billion of operating profit and ~$8.5 billion of free cash flow in 2028—both up $1.5 billion from prior 2024 Investor Day outlook.
- Company to increase capital returns to shareholders from 2024 to 2026 by 20%, to ~$24 billion; expecting to sustainably return at least 70% of free cash flow via dividend and buybacks beyond 2026-a