General Aerospace hikes full-year outlook after strong Q3 beat
Investing.com -- General Aerospace shares climbed nearly 3% in premarket trading Tuesday after the jet engine manufacturer raised full-year guidance after reporting stronger-than-expected results for the third quarter.
The company reported earnings of $1.66 per share, ahead of analyst estimates of $1.45. Revenue surged 26% year-over-year to $11.31 billion, well above the consensus forecast of $10.37 billion.
Total orders reached $12.8 billion, up 2% from a year earlier.
Adjusted operating profit climbed 26% to $2.3 billion, while the adjusted operating margin held steady at 20.3%.
Operating profit at the commercial engines and services unit rose 35% in the third quarter to $2.44 billion, while revenue increased 27% year-on-year to $8.88 billion. The segment, which derives over 70% of its sales from parts and services, continued to benefit from strong aftermarket demand.
For the full year 2025, the company now expects earnings to be in the range of $6.00 to $6.20 per share, from a prior forecast of $5.60 to $5.80, compared with a consensus estimate of $5.92.
It forecasts revenue to grow in the high teens, up from its earlier mid-teens projection, and lifted its free cash flow guidance to between $7.1 billion and $7.3 billion from $6.5 billion to $6.9 billion previously.
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