🔹 Adj. EPS: $1.49 (Est: $1.27; ▲ +60% YoY) 🟢
🔹 Revenue: $9.00B (Est: $9.05B; ▲ +11% YoY) 😐
FY25 Guidance (Reaffirmed)
🔹 Adj. EPS: $5.10–$5.45 (Est: $5.42) 🟡
🔹 Adj. FCF: $6.3B–$6.8B (Est: $6.64B) 🟡
🔹 Adj. Revenue Growth: Low-double-digits
🔹 Operating Profit: $7.8B–$8.2B
🔹 CES Revenue: Mid-teens growth
🔹 DPT Revenue: Mid-to-high single-digit growth
Segment Performance
Commercial Engines & Services (CES)
🔹 Revenue: $6.98B (Est: $6.96B; ▲ +14% YoY) 🟢
🔹 Operating Profit: $1.92B (▲ +35% YoY)
🔹 Op. Margin: 27.5% (▲ +420 bps)
Defense & Propulsion Technologies (DPT)
🔹 Revenue: $2.32B (▲ +1% YoY)
🔹 Operating Profit: $296M (▲ +16% YoY)
🔹 Op. Margin: 12.7% (▲ +160 bps)
Other Key Q1 Metrics
🔹 GAAP Revenue: $9.94B (▲ +11% YoY)
🔹 Continuing EPS (GAAP): $1.83 (▲ +16% YoY)
🔹 Operating Profit (adj.): $2.15B (▲ +38% YoY)
🔹 Adj. Free Cash Flow: $1.44B (Est: $1.46B; ▼ -14% YoY)
🔹 Orders: $12.3B (▲ +12% YoY)
🔹 Operating Margin (adj.): 23.8% (▲ +460 bps)
CEO Commentary
🔸 “A strong start to 2025 with adj. EPS up 60%, driven by commercial services and supply chain improvements via FLIGHT DECK. Our backlog of over $140B and strategic actions position us well to deliver on full-year targets.” – H. Lawrence Culp, Jr.