GE AEROSPACE ANNOUNCES FOURTH QUARTER 2024 RESULTS
Strong fourth quarter, expects another year of substantial growth in 2025

Fourth quarter 2024:
•Total orders of $15.5B, +46%
•Total revenue (GAAP) of $10.8B, +14%; adjusted revenue* $9.9B, +16%
•Profit (GAAP) of $2.3B, +37%; operating profit* $2.0B, +49%
•Profit margin (GAAP) of 21.2%, +350 bps; operating profit margin* 20.1%, +450 bps
•Continuing EPS (GAAP) of $1.75, +62%; adjusted EPS* $1.32, +103%
•Cash from Operating Activities (GAAP) of $1.3B, +5%; free cash flow* $1.5B, +21%
Full year 2024:
•Total orders of $50.3B, +32%
•Total revenue (GAAP) of $38.7B, +9%; adjusted revenue* $35.1B, +10%
•Profit (GAAP) of $7.6B, (27)%; operating profit* $7.3B, +30%
•Profit margin (GAAP) of 19.7%, (980) bps; operating profit margin* 20.7%, +330 bps
•Continuing EPS (GAAP) of $6.09, (27)%; adjusted EPS* $4.60, +56%
•Cash from Operating Activities (GAAP) of $5.8B, +26%; free cash flow* $6.1B, +28%