April 22 - GE Aerospace (GE, Financial) shares rose more than 3% in premarket trading on Tuesday after the company posted stronger-than-expected first-quarter results.
Adjusted earnings per share reached $1.49 for the March quarter, topping Wall Street's consensus estimate of $1.27. Revenue climbed 11% to $9.94 billion, beating the projected $9.05 billion.
The business cited ongoing strength in both its commercial and defense segments, supported by a services backlog that now exceeds $140 billion. That figure highlights continued demand for aircraft maintenance and parts as global air travel recovers and defense contracts remain steady.
GE Aerospace Chairman and CEO H. Lawrence Culp, Jr. stated “GE Aerospace had a strong start to 2025 with orders and revenue up double digits, driven by commercial services, and adjusted EPS up 60%. We continue to drive improvements through FLIGHT DECK, tackling supply chain constraints head on to accelerate deliveries throughout 2025".
The results come as GE Aerospace solidifies its position as a standalone company following the recent spin-offs of GE HealthCare Technologies (GEHC, Financial) and GE Vernova (GEV, Financial), which focus on healthcare and energy, respectively.
