What is General Electric's aerospace — restructuring and other charges?

General Electric (GE) reported aerospace — restructuring and other charges of $10.00M in Q1 2024.

How has General Electric's aerospace — restructuring and other charges changed year-over-year?

General Electric's aerospace — restructuring and other charges increased by 150.0% year-over-year, from $4.00M to $10.00M.

What is the long-term trend for General Electric's aerospace — restructuring and other charges?

Over 2 years (2021 to 2023), General Electric's aerospace — restructuring and other charges has grown at a -56.9% compound annual growth rate (CAGR), from $70.00M to $13.00M.

What does aerospace — restructuring and other charges mean?

One-time expenses related to changing the company's organizational structure or business footprint.

Discontinued — last reported Q1 '24

Business Segments · Restructuring and other charges

Aerospace — Restructuring and other charges

General Electric Aerospace — Restructuring and other charges increased by 400.0% to $10.00M in Q1 2024 compared to the prior quarter. Year-over-year, this metric grew by 150.0%, from $4.00M to $10.00M. Over 2 years (FY 2021 to FY 2023), Aerospace — Restructuring and other charges shows a downward trend with a -56.9% CAGR. This increase may warrant attention — for this metric, lower values are generally preferred.

Analysis

StatementSegment

CategoryEfficiency

SignalLower is better

VolatilityVolatile

First reportedQ1 2020

Last reportedQ1 2024

Rolls up toImpairment and restructuring

How to read this metric

Lower charges are generally preferred as they indicate operational stability, though high charges may signal necessary strategic pivots.

Detailed definition

These are non-recurring costs associated with reorganizing business operations, such as facility closures, severance pac...

Peer comparison

Common across industrial conglomerates undergoing portfolio transformation or cost-reduction programs.

Metric ID: ge_segment_aerospace_restructuring_and_other_charges

Historical Data

12 periods

	Q2 '21	Q3 '21	Q4 '21	Q1 '22	Q2 '22	Q3 '22	Q4 '22	Q1 '23	Q2 '23	Q3 '23	Q4 '23	Q1 '24
Value	$17.50M	$17.50M	$17.50M	$5.00M	$5.00M	$6.00M	$4.00M	$4.00M	$4.00M	$3.00M	$2.00M	$10.00M
QoQ Change	—	+0.0%	+0.0%	-71.4%	+0.0%	+20.0%	-33.3%	+0.0%	+0.0%	-25.0%	-33.3%	+400.0%
YoY Change	—	—	—	—	-71.4%	-65.7%	-77.1%	-20.0%	-20.0%	-50.0%	-50.0%	+150.0%

Range$2.00M – $17.50M

CAGR-18.4%

Avg YoY Growth-25.5%

Median YoY Growth-50.0%

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Frequently Asked Questions

What is General Electric's aerospace — restructuring and other charges?: General Electric (GE) reported aerospace — restructuring and other charges of $10.00M in Q1 2024.
How has General Electric's aerospace — restructuring and other charges changed year-over-year?: General Electric's aerospace — restructuring and other charges increased by 150.0% year-over-year, from $4.00M to $10.00M.
What is the long-term trend for General Electric's aerospace — restructuring and other charges?: Over 2 years (2021 to 2023), General Electric's aerospace — restructuring and other charges has grown at a -56.9% compound annual growth rate (CAGR), from $70.00M to $13.00M.
What does aerospace — restructuring and other charges mean?: One-time expenses related to changing the company's organizational structure or business footprint.