The following is a summary of the GE Electric Company (GE) Q1 2024 Earnings Call Transcript: Financial Performance: GE reported a Q1 increase in profits with a revenue increase of 10% across all segments. An operating profit of $1.5 billion was reported, which was a rise of over $600 million, attributing to 300 basis points of organic margin expansion mainly due to pricing and volume. The massive year-over-year increase in Adjusted EPS was notable at $0.82, more than thrice the previous amount. GE reported its Q1 free cash flow at $850 million, a significant rise of over 5x primarily due to higher earnings and reduction in working capital. GE Aerospace made a significant contribution with double-digit growth in revenue and profit, and free cash flow doubled over the year. Business Progress: The completion of GE Vernova’s spin-off and a successful $100 billion debt reduction since 2018 marked valuable progress. GE […]

CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows: Our 12-month target price of $167, raised $20, reflects a 29x multiple of our projected 2025 EPS. The applied multiple is above that of our aerospace universe average, but merited, in our view, by improving aftermarket services results. We cut our 2024 EPS estimate by $0.36 to $4.00 and lift 2025’s by $0.30 to $5.75. Q1 EPS of $0.82 vs. $0.27, beat the consensus view by $0.12. GE Aerospace orders rose 34% Y/Y, with roughly similar growth rates in both CES (commercial aerospace) and DPT (defense) segments. We see CES as benefiting from demand for commercial aircraft, both for new planes as well as for servicing older aircrafts. Q1 revenues in CES rose 16%, benefiting from pricing traction and volume growth. GE is also working with key