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(Bloomberg) — General Electric Co. boosted its full-year financial guidance and topped Wall Street’s profit estimates for the second quarter after rebounding demand in the aviation market softened the impact of a global trade war.
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Adjusted earnings for 2025 will be $5.60 to $5.80 a share, up from a prior range of no more than $5.45, according to a statement Thursday. The aircraft-engine manufacturer, which operates as GE Aerospace, also raised its forecasts for adjusted revenue growth, operating profit and free cash flow.
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The company is benefiting from a surge in orders that had slowed earlier in the year amid market volatility. GE Aerospace touted a 30% jump in revenue for its commercial business last quarter, with recent wins including its largest-ever widebody deal to sell more than 400 engines to Qatar Airways.
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The industry has been trying to navigate uncertainty around US President Donald Trump’s tariffs, which aerospace leaders say could drive up costs and upend supply chains. GE Aerospace Chief Executive Officer Larry Culp has been vocal on the topic, speaking with Trump directly about how free trade has benefitted the industry and generated a trade surplus for the US.
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“I do think the administration is listening,” Culp said in an interview. “We’ve talked with everybody who will sit with us.”
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The CEO, who added that he is “optimistic” that there will be a solution that’s beneficial to the industry, has said his company is offsetting a portion of the tariff impacts through cost controls and price increases.
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GE Aerospace was cleared recently to restart shipments of engines for Chinese plane maker Commercial Aircraft Corp of China Ltd., Bloomberg reported this month.
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Adjusted second-quarter earnings were $1.66 a share, GE Aerospace said, topping the $1.43 average of analyst estimates compiled by Bloomberg. Adjusted revenue was about $10.2 billion in the period, while analysts had predicted $9.6 billion.
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GE Aerospace became a stand-alone company last year after Culp completed a breakup of the once-mighty conglomerate, separating its energy and health-care operations. Shares of the engine manufacturer have soared 60% this year through Wednesday’s close.
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Its stock rose 2.4% as of 6:52 a.m. before regular trading Thursday in New York.
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(Updates with CEO comments beginning in fifth paragraph.)
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English (US)