CLAIM #26269 · GE (GE) · 2024Q3 earnings call · Oct 22, 2024 · due Dec 31, 2025
“Recall what we said last quarter relative to the CFM56 utilization, it will be higher for longer.”
Larry Culp · CEO
In context
“ess. And if you look on a sold basis, about 25% of the shop visits that are sold are with an external third-party network. So those are -- that's an important data point because that means that spare part sales for LEAP should grow over time. So that should be a positive here for 2025, and we'll reflect that in our guidance as we provide that in January. Lawrence Culp: Seth, two other things I would just add that we want to keep in mind. One, the 9X delay in EIS is important to understand. But as I said earlier, we really haven't changed what we're doing. We'll be ramping deliveries of that engine next year, maybe at a slower rate than was anticipated. But nonetheless, we'll be ramping. That will create a bit of a headwind, but also perhaps there's a bit of an offset, maybe and then some. Recall what we said last quarter relative to the CFM56 utilization, it will be higher for longer. That obviously helps us as it's helping us this year. Operator: Our next question comes from Scott Deuschle with Deutsche Bank. Scott Deuschle: Hey, good morning. Lawrence Culp: Good morning, Scott. Scott Deuschle: Larry, has CES already received a large quantity of these new HPT blades for the LEAP 1A ahead of the certification? And then just to clarify, is that specific certification event, is it that event, which allows the company to drive this improvement in LEAP output in the fourth quarter? Or is it more multifaceted than that alone? Thank you. Lawrence Culp: The new blade is in production. So it's not as if we're going to turn on that supply chain the moment we get served, right? That work is underway. If we had that component that part is certified, we'll be able to begin deliver”
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SEC filings for GE ↗ · Claim quote is verbatim from the 2024Q3 earnings call.