GE reports adjusted sales of $64.6 billion for fiscal year 2023, up 17% organically on the same period a year earlier, with orders up 25% year-on-year.

Adjusted earnings were $5.6 billion, up 79% year-on-year, and adjusted EPS more than tripled, from $0.77 to $2.81 year-on-year.

For the first quarter of 2024, GE is targeting 'high single-digit' sales growth, and adjusted EPS of between $0.6 and $0.65.

' 2024 will be a momentous year as GE Aerospace and GE Vernova plan to launch as independent public companies in early April. Both companies will continue GE's commitment to innovation and continuous improvement, with an even greater focus on their vital and growing sectors' commented H. Lawrence Culp, Jr., Chief Executive Officer of GE and GE Aerospace.

For 2024, GE Vernova expects to generate sales of between $34 and $35 billion, while GE Aerospace expects 'double-digit' adjusted sales growth with operating profit of between $6 and $6.5 billion.


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