GE Aerospace (NYSE: GE) on Thursday reported a rise in income and adjusted earnings for the fourth quarter of 2024. The corporate additionally issued steering for fiscal 2025.
Web revenue from persevering with operations climbed 62% year-over-year to $1.75 per share within the December quarter from $1.08 per share within the prior-year interval. Adjusted earnings greater than doubled to $1.32 per share in the course of the three months.
Whole revenues elevated 14% year-over-year to $10.8 billion within the fourth quarter. Industrial Engines & Companies income grew 19%, and revenues of Protection & Propulsion Applied sciences rose 4%.
For fiscal 2025, the administration expects adjusted earnings to be within the vary of $5.10 per share to $5.45 per share, and working revenue between $7.8 billion to $8.2 billion.