GE航空（NYSE:GE）周四盘前股价上涨，此前公司报告第四季度调整后收入同比增长16%，达到98.79亿美元，GAAP收入为108.12亿美元。分析师预期为96.04亿美元。
商业发动机和服务收入为76.50亿美元（同比增长19%），国防与推进技术收入为25.23亿美元（同比增长4%）。
总订单同比增加46%至155亿美元，其中商业发动机和服务同比增长50%，国防与推进技术同比增长22%。
GE航空的调整后运营利润率扩大450个基点至20.1%，调整后运营利润增长49%至19.88亿美元。
本季度调整后每股收益为1.32美元（同比增长103%），超过分析师预期的1.04美元。
GE航空本财年的运营活动现金流达到58亿美元（同比增长26%），调整后自由现金流增长28%。
公司在2024年回购了价值超过60亿美元的股票，并宣布2025年回购70亿美元股份的计划，同时将股息提高30%，须经董事会批准。
2025年指引：GE航空预计调整后收入将保持低两位数的增长，调整后每股收益将在5.10至5.45美元之间，相比之下，分析师预期为5.22美元。
公司预计调整后运营利润将达到78亿至82亿美元，调整后自由现金流将达到63亿至68亿美元。
GE航空董事长兼CEO H. Lawrence Culp Jr.表示：“展望2025年，我们预计收入和每股收益将实现两位数的增长，自由现金流转化率将超过100%。在FLIGHT DECK，我们的专有精益运营模式的指导下，我对我们加速产出的能力充满信心，并为客户交付成果。”
投资者可以通过TCW Transform Systems ETF（NYSE:NETZ）和$iShares（EEMA）$美国航空航天与国防ETF（BATS:ITA）获得GE股票的曝光。
股价动向：截至周四最后检查时，GE股价盘前上涨8.04%，至203.51美元。
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以上内容来自Benzinga Earnings专栏，原文如下：
GE Aerospace (NYSE:GE) shares are trading higher premarket on Thursday after it reported fourth-quarter adjusted revenue growth of 16% year-over-year to $9.879 billion and GAAP revenue of $10.812 billion. The analyst consensus was $9.604 billion.
Commercial Engines & Services revenue was $7.650 billion (+19% Y/Y) and Defense & Propulsion Technologies revenue totaled $2.523 billion (+4% Y/Y).
Total orders increased 46% Y/Y to $15.5 billion, with Commercial Engines & Services +50% Y/Y and Defense & Propulsion Technologies +22% Y/Y.
GE Aerospace’s adjusted operating profit margin expanded 450 bps to 20.1%, with an adjusted operating profit of $1.988 billion, up 49% in the quarter.
Adjusted EPS for the quarter was $1.32 (+103% Y/Y), beating the consensus of $1.04.
GE Aerospace’s cash from operating activities for the fiscal year stood at $5.8 billion (+26%), while adjusted free cash flow rose 28%.
The company repurchased shares worth more than $6 billion in 2024. Also, it disclosed share repurchase plans of $7 billion in 2025, while raising the dividend by 30%, subject to Board approval.
2025 Guidance: GE Aerospace expects adjusted revenue growth in the low double digits and adjusted EPS of $5.10 – 5.45 vs. the $5.22 consensus.
The company expects adjusted operating profit of $7.8 billion – $8.2 billion and adjusted Free Cash Flow of $6.3 billion – $6.8 billion.
GE Aerospace Chairman and CEO H. Lawrence Culp, Jr. said, “Looking to 2025, we expect double-digit revenue and EPS growth with greater than 100% free cash flow conversion. Guided by FLIGHT DECK, our proprietary lean operating model, I’m confident in our ability to accelerate output and deliver for our customers.”
Investors can gain exposure to the stock via TCW Transform Systems ETF (NYSE:NETZ)and iShares U.S. Aerospace & Defense ETF (BATS:ITA).
Price Action: GE shares are up 8.04% at $203.51 premarket at the last check Thursday.
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