GE Aerospace CEO says demand stays solid as Q3 profit rises

what happened

GE Aerospace CEO Larry Culp told analysts on the third-quarter call that customer demand is holding up across the company, even though the operating backdrop keeps shifting, according to Stocktwits.

Revenue climbed 18% year over year and operating profit rose 30%. The operating margin reached 22.5%, up 220 basis points, while earnings per share grew 36%. Free cash flow topped $2 billion in the quarter, and year-to-date commercial services revenue and engine deliveries both rose by more than 20%.

Using its FLIGHT DECK system, the company reworked its LEAP fan assembly line and standardized procedures at each station, which more than doubled output. Management projects the number of LEAP engines in service to roughly double between 2025 and 2030, and it spends over $3 billion a year on research and development.

why it matters

Shares rose about 1% in Wednesday's premarket trading, recouping part of Tuesday's 3.6% drop, the worst session in two months. The stock is still down more than 2% this year. Retail sentiment on Stocktwits was 'extremely bullish', with message volume up 600% over the past 24 hours.

market impact

GE shares and aerospace engine makers: strong demand and higher output support investor interest in GE

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instruments