GE Aerospace's Q2 total revenue up 4% to $9B

Business

Christian Baha / JG

23 July

1 min read

GE AEROSPACE

GE Aerospace revealed on Tuesday that its total revenue for the second quarter of fiscal 2024 rose 4% to $9.1 billion.

For the same reported period, the company logged $11.2 billion in total orders, an increase of 18% compared to the first quarter. However, net income decreased by 4% in the three months to June 30 to $1.4 billion, with Earnings per Share (EPS) coming in at $1.20.

"The GE Aerospace team delivered another strong quarter marked by double-digit increases across orders, operating profit, and free cash flow. Given our performance year-to-date and momentum across our businesses we are raising our full-year profit and free cash flow guidance," GE Aerospace Chairman and CEO H. Lawrence Culp, Jr. stated.

The company's shares rose 1.38% in New York premarket trading following the release of the report.

earnings ge aerospace

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