Why Is GE Aerospace Stock Trading Higher Today?
Why Is GE Aerospace Stock Trading Higher Today?
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.
分拆后的通用电气航空航天公司（纽约证券交易所代码：GE）报告称，2024年第一季度调整后的收入同比增长15％，达到81亿美元，订单同比增长34％，达到110亿美元。
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.
该公司报告称，商用发动机和服务以及国防与推进技术的订单有所增加，收入增长是由定价、备件数量以及宽体和国防领域的交付量增加所推动的。
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.
合并收入（包括通用电气航空航天公司和通用电气Vernova公司（纽约证券交易所代码：GEV））同比增长11％，达到161亿美元，经调整后，同比增长10％，达到152亿美元。订单总额增长了14％，达到201亿美元。
Adjusted EPS for the consolidated company was $0.82, up from $0.27 a year ago.
合并后的公司调整后的每股收益为0.82美元，高于去年同期的0.27美元。
GE completed the separation of GE Vernova on April 2 and received proceeds of $2.6 billion from the monetization of a portion of its shares in GE HealthCare Technologies Inc. (NASDAQ:GEHC).
通用电气于4月2日完成了对通用电气Vernova的分离，并从其在通用电气医疗科技公司（纳斯达克股票代码：GEHC）的部分股份的货币化中获得了26亿美元的收益。
GE Aerospace's profit margin expanded 140 bps to 19.1%, and the consolidated adjusted profit margin stood at 10.2%, up 380 bps.
通用电气航空航天公司的利润率扩大了140个基点至19.1％，调整后的合并利润率为10.2％，增长了380个基点。
GE repurchased ~1.1 million shares for $0.1 billion in the quarter under a previously authorized $3 billion share repurchase program.
根据先前批准的30亿美元股票回购计划，通用电气在本季度以1亿美元的价格回购了约110万股股票。
"Given our solid start to the year and outlook for the remainder of 2024, we are raising our full-year profit and free cash flow guidance. Moving forward as a focused global aerospace leader, we will continue to prioritize safety, quality, delivery, and cost — always in that order —while also investing in our future and driving long term profitable growth," commented GE Aerospace Chairman and CEO H. Lawrence Culp.
“鉴于我们今年开局良好，展望2024年剩余时间，我们正在提高全年利润和自由现金流预期。作为专注的全球航空航天领导者，我们将继续优先考虑安全、质量、交付和成本——始终按顺序进行——同时还要投资我们的未来并推动长期盈利增长，” 通用电气航空航天董事长兼首席执行官H. Lawrence Culp评论道。
Consolidated cash from operating activities was $1 billion for the quarter versus $0.2 billion a year ago. Free cash flow stood at $0.9 billion, up from the prior $0.1 billion a year ago.
本季度来自经营活动的合并现金为10亿美元，而去年同期为2亿美元。自由现金流为9亿美元，高于去年同期的1亿美元。
GE Aerospace's free cash flow for the quarter was $1.7 billion versus $0.8 billion in last year's same quarter.
通用电气航空航天公司本季度的自由现金流为17亿美元，而去年同期为8亿美元。
GE Aerospace 2024 Guidance: GE continues to expect adjusted revenue growth in low double digits; now sees operating profit of $6.2 billion-$6.6 billion (prior $6.0 billion-$6.5 billion).
通用电气航空航天2024年指南：通用电气继续预计调整后的收入将实现低两位数的增长；目前预计营业利润为62亿至66亿美元（之前为60亿至65亿美元）。
The company expects adjusted EPS of $3.80-$4.05 (consensus $3.94) and Free Cash Flow to be >$5B, >100% conversion.
该公司预计，调整后的每股收益为3.80美元至4.05美元（共识为3.94美元），自由现金流将超过50亿美元，转化率> 100％。
Price Action: GE shares are trading higher by 4.4% at $156.80 premarket at the last check Tuesday.
价格走势：通用电气股价在周二的最后一次盘前交易中上涨4.4％，至156.80美元。