GE Aerospace (NYSE:GE) announced results today for the second quarter ending June 30, 2024.

Second quarter 2024:

• Total orders of $11.2B, +18%

• Total revenue (GAAP) of $9.1B, +4%; adjusted revenue $8.2B, +4%

• Profit (GAAP) of $1.4B, (4)%; operating profit $1.9B, +37%

• Profit margin (GAAP) of 15.9%, (130) bps; operating profit margin 23.1%, +560 bps

• Continuing EPS (GAAP) of $1.20, +$0.11; adjusted EPS $1.20, +$0.46

• Cash from Operating Activities (GAAP) of $1.0B, +$0.2B; free cash flow $1.1B, +$0.2B

GE Aerospace Full Year 2024 Guidance

Based on GE Aerospace's solid performance in the first half of the year and constructive outlook, the company is updating its full-year 2024 and business specific guidance, and now expects:

• Commercial Engines & Services: Now expect revenue growth of low-double-digits to mid-teens, driven by equipment growth of high-single-digits to low-double-digits. Continue to expect services growth of mid-teens. Increasing operating profit to a range of $6.3-$6.5 billion, up from our prior guidance in April of $6.1 to $6.4 billion

• Defense & Propulsion Technologies: Continue to expect revenue growth of mid-single-digits to high-singledigits and operating profit of $1.0 to $1.3 billion