CLAIM #26316 · GE (GE) · 2024Q4 earnings call · Jan 24, 2025 · due Mar 31, 2025
“And revenue for the quarter for CES should be kind of in line with what we're expecting for full year.”
Rahul Ghai · CFO
In context
“n earlier, and then LEAP. So, work scopes are increasing, and then modest price increases baked into that service portfolio. So that's kind of the landscape of the CES revenue growth. And then that is going to drive the profit in response to Myles' question earlier. Now, we're going to come out of the gate strong here, Sheila, within CES especially. And the primary driver for that is the 9X shipments are more towards the back end of the year. But we are entering the year for spare parts with about 90% of that revenue in our backlog. So, we'll have a strong quarter here to start with in our spare part sales. We expect shop visits to grow as well. And then we had the CMR of over $200 million in 1Q of last year; we're not expecting that to repeat. So, we'll start the year strongly on profit. And revenue for the quarter for CES should be kind of in line with what we're expecting for full year. Hopefully that answers the question, Sheila. Operator: Our next question comes from the line of Doug Harned with Bernstein. Doug Harned: I want to just follow up a little more on the commercial services growth. Because when you talk about low double-digit to mid-teens next year, that's a little better than you were talking about before or this year. But can you talk about where that's coming from? Because wide-body versus narrow-body, in other words, could you go higher if you can resolve these supply chain issues? Larry Culp: Doug, as you would imagine, it's a broad-based demand strengthening that we see. Could we go higher? We've got work to do with the supply chain to execute on what Rahul just walked everybody through. But there is more pent-up demand there. We've got the backlog. An”
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SEC filings for GE ↗ · Claim quote is verbatim from the 2024Q4 earnings call.