GE Aerospace reports Q3 adjusted EPS $1.66, consensus $1.47

Reports Q3 revenue $12.2B, consensus $10.41B. GE Aerospace (GE) Chairman and CEO H. Lawrence Culp, Jr., said, “GE Aerospace delivered an exceptional quarter with revenue up 26%, EPS up 44%, and more than 130% free cash flow conversion. Given the strength of our year-to-date results and our expectations for the fourth quarter, we’re raising our full-year guidance across the board.” Culp continued, “FLIGHT DECK, our proprietary lean operating model, is guided by a customer-driven approach to continuous improvement, where daily progress compounds to drive meaningful results. We are seeing that materialize this quarter with strong services and engine output for our customers. Our continued investments in LEAP durability and the future of flight will help us build on this momentum and position us for growth.”