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Wall St Engine
@wallstengine
Fast, accurate, consistent stock market news, earnings highlights & more. By Brillinsight. Not financial advice.
ๅŠ ๅ…ฅ March 2022
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$GE AEROSPACE Q3โ€™26 EARNINGS HIGHLIGHTS ๐Ÿ”น Adj. Revenue: $13.29B (Est. $12.87B) ๐ŸŸข ๐Ÿ”น Adj. EPS: $2.25 (Est. $2.01) ๐ŸŸข; +36% YoY ๐Ÿ”น Oper Profit: $2.99B (Est. $2.74B) ๐ŸŸข; +30% YoY ๐Ÿ”น Operating Margin: 22.5%; +220 bps YoY ๐Ÿ”น Total Orders: $19.0B; +49% YoY Raises FY26 Guide: ๐Ÿ”น Adj. EPS: $8.00-$8.10 (Est. $7.92) ๐ŸŸข ๐Ÿ”น Op. Profit: $10.9-$11.0B; from $10.55-$10.75B ๐Ÿ”น Adj. Revenue Growth: ~19%-20%; from High-teens ๐Ÿ”น Free Cash Flow: $9.1-$9.4B; from $8.9-$9.2B Cash Flow: ๐Ÿ”น Free Cash Flow: $2.04B; -14% YoY ๐Ÿ”น CFOA: $2.20B; -14% YoY Segment Revenue: ๐Ÿ”น Commercial Engines: $10.34B; +21% YoY ๐Ÿ”น Defense & Propulsion: $3.47B; +7% YoY Segment Operating Profit: ๐Ÿ”น Commercial Engines: $2.89B; +21% YoY ๐Ÿ”น Defense & Propulsion: $475M; +8% YoY Announcements: ๐Ÿ”น Acquired Agreement: CPP acquisition to expand mission-critical castings capacity ๐Ÿ”น Engine Commitments: More than 1,800 engines ๐Ÿ”น Hybrid Electric Flight: World's first high-altitude flight above 30,000 feet Other Q3 Metrics: ๐Ÿ”น Adj. Revenue Growth: +18% YoY ๐Ÿ”น GAAP Revenue: $14.12B; +16% YoY ๐Ÿ”น GAAP EPS: $2.32; +14% YoY Key Updates: ๐Ÿ”น Results include $117M pre-tax gains on retained and sold ownership interests and other equity securities, $0.09 per share after tax ๐Ÿ”น Continuing EPS (GAAP) of $2.32 includes Insurance net income losses of $0.19, U.S. tax equity net income of $0.01, non-operating benefit income of $0.13, equity securities gains of $0.09 and restructuring of $0.03, all excluded from adjusted EPS Comments: ๐Ÿ”ธ โ€œWe are raising our 2026 guidance across the board, and we now expect 2027 commercial services to grow low-double-digits supported by our over $170 billion commercial services backlog.โ€
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