“For Renewables, as Scott said there will be profit improvement during the year. But that improvement will be more backend loaded.”

In context

“e year. Operator: Our next question will come from the line of Andrew Obin with Bank of America. Andrew Obin: Good morning. Just one last time for me for GE but yes, question for Rahul. Maybe, just if you gave us an overview for the company into the first quarter, but maybe just detail by business, for GE into the first quarter a little bit more color. Thanks. Rahul Ghai: Sure, Andrew. So if you look at the first quarter guide, Aerospace is going to start the year strong revenue up mid-teens with the commercial growth rates in the first quarter kind of in line with what we are projecting for full year. And the margins on a business as usual kind of pre all the standalone expenses, we do expect margins to be flat to slightly up for the first quarter on a year-over-year basis for Aerospace. For Renewables, as Scott said there will be profit improvement during the year. But that improvement will be more backend loaded. As we start converting the higher margin Onshore wind orders that Scott referenced in his prepared remarks. We start shipping those orders that we got in ‘23 into the second half of 2024. So there's a bit of lag between order to revenue conversion. And so the renewable improvement will be more backend loaded, the first quarter for renewables will look a lot like the fourth quarter for renewables. So think about roughly in the same zone. And for Power, typical seasonality with low single digit growth, some margin expansion year-over-year in the first quarter. But just one other point I want to make on the first quarter is that given the both Vernova and Aerospace themes are fully staffed up to become standalone public companies, and we are operating with a very, very small corporate staff.”