Much has changed to General Electric or what is left of the company, which is known today as GE aerospace (Nyse: ge). In fact, in 2024. She was the first year after the dramatic overhaul of the company.
Very positive things happen here and have not passed unnoticed. Asking a difficult question whether or not GE aerospace is or not.
Problems at General Electric came to the fore during time Great recessionBetween 2007 and 2009, the company was then expanding a conglomerate with business in the industrial, media and financial sector.
It was the financial sector that was to cancel the company. Government rescue, a decrease in dividend and years after years of effort to go back to its feet, all led to what was the end of the company.
In fact, it is necessary to bring an outsider to finish the job. Historically speaking, Geo promoted from the inside, but the inner leaders did not do the job this time.
The final move, made by Larry Culp, was to break into three companies: Ge Verona,, Ge Healthcareand ge aerospace. The GE label was retained by GE Aerospace, which effectively owns what was left after all the changes that were made in the company. Some could take it as something sad ending with one iconic conglomerate.
That was said, Geneespace’s GE is a rather attractive company. Significantly, Culp has chosen to remain the executive director of this job, which he hints at that he liked the most among all the former Genera surgery. The first year as an independent company shows why.
When it quickly summarized in 2024, GE aerospace noted that orders increased 32% compared to the year, and the revenue is an increase of 9%. The custom earnings, which take one -off items (a big question in what was a transitional year) increased 56%.
And thanks to the impressive flow of the order, Culp happily announced that his company expects a double -digit revenue growth and earnings on the 2025 section. Long -term trajectories are likely to be strong, as well as more and more people around the world, start traveling through airline companies thanks to growing living standards.
This is all good news for investors who owned shares in 2024, noting that the stock price increased more than 80% last year. For comparison, S & P 500 The index increases about 25% in the same range. However, a comparison is really important that 38% of gain than SPDR S&P AEROSPACE & DEFENSE ETF . Clearly, investors have seen what is happening in the GE Aerospace -Ui very quickly appreciate that good news.
