GE Aerospace

**Strong Q3 Performance and Financials**: GE Aerospace reported a 28% increase in orders and a 6% rise in revenue, attributed mainly to growth in services and equipment. Operating profit rose 14% year-over-year to $1.8 billion, and adjusted EPS increased by 25% to $1.15. The company generated $1.8 billion in free cash flow with over 140% conversion from earnings, reflecting strong operational efficiency.

**Updated Guidance for 2024**: Based on its robust performance and strong expectations for Q4, GE Aerospace raised its full-year guidance. Operating profit is now forecasted to be between $6.7 billion to $6.9 billion, with adjusted EPS guidance increased to $4.20 to $4.35. Free cash flow estimates were also raised to $5.6 billion to $5.8 billion, indicating a solid financial outlook.

**Challenges in Engine Deliveries**: GE Aerospace faced headwinds due to supply chain issues impacting engine deliveries, particularly for the LEAP engine. Although there was a sequential improvement in output, LEAP deliveries are expected to decline by approximately 10% year-over-year. The company continues to work with suppliers to alleviate these constraints but recognizes ongoing challenges.