GE Aerospace posted a surge in quarterly revenue that blew past Wall Street’s estimates as the jet-engine maker received an influx of orders to end the year.
The Cincinnati company Thursday reported fourth-quarter net earnings of about $1.9 billion, or $1.76 a share, for the three months ended Dec. 31, compared with $1.59 billion, or $1.46 a share, a year earlier.
Stripping out certain one-time items, earnings came in at $1.32 a share. Analysts polled by FactSet expected $1.04 a share. Revenue rose to $10.81 billion from $9.46 billion, ahead of the average analyst forecast for $9.49 billion.
Shares of GE Aerospace rose 6.8% to $201.11 in premarket trading.
Revenue grew 19% to $7.65 billion year-over-year in its commercial engines-and-services segment. The defense-and-propulsion-technologies segment rose 4% to $2.52 billion.
Chief Executive H. Lawrence Culp, Jr. said the company ended 2024 on a high note amid robust demand for its services and products, with fourth-quarter orders up 46%.
For 2025, GE Aerospace forecast adjusted earnings per share of between $5.10 and $5.45, as well as free cash flow between $6.3 billion and $6.8 billion. Analysts expect $5.23 a share in adjusted earnings.