GE's revenue from its Renewable Energy division grew by 4% in 2018. By embracing diverse teams and perspectives, we are better equipped to build a world that works. Read the latest GE financial news releases and stories. We are accelerating our transformation to make GE stronger and drive long-term, profitable growth." Furthermore, we are launching a program to fully monetize our Baker Hughes position over approximately three years. GE Healthcare revenue increased one percent to $4.7 billion, while the unit's profit increased 15 percent to $900 million. Discover how our people & technology are solving global issues, improving lives, and changing industries. Transforming how industry solves its toughest challenges by bringing simplicity, speed and scale to digital transformation. GE posted total revenue of $20.524 billion, which represents a year-over-year decline of 8%. GES and Tableau were recently recognized with a prestigious Corporate Event Award AND a six page article in EXHIBITOR magazine. Access GE’s recent and historic Annual Reports and accompanying materials. Based on the number of new installations, the company became the top manufacturer of wind turbines in the United States in 2018. General Electric on Wednesday reported a revenue figure for the second quarter that slightly beat analyst expectations. Certain of these data are considered “non-GAAP financial measures” under the U.S. Securities and Exchange Commission rules. For the nine months ended September 30, 2020, Consolidated revenues were down $11.3 billion, driven by decreased GE Industrial revenues of $10.4 billion and decreased GE Capital revenues of $1.2 billion. In depth view into General Electric Co Revenue explanation, … GE Revenue as of today (December 06, 2020) is $83,928 Mil. As part of our efforts to mitigate the financial impact of COVID-19, we made progress on the $2B+ of cost actions and $3B+ of cash actions targeted for 2020, completing more than a third to date. The company also reported a loss of $2.1 billion in industrial free cash flow, which was better than the guidance issued by GE earlier this year. Contact information for general inquiries and feedback. GE released its second quarter 2020 results today, and I encourage you to read the full materials and listen to our earnings call at 8:00 AM ET. We’re deeply proud of GE employees around the world rising to the challenge. General Electric (GE) Q2 2020 Earnings Call Transcript GE earnings call for the period ending June 30, 2020. According to GE's 2018 10-K, the company saw net earnings of -$22.8 billion in 2018. As we indicated to all of you during the last earnings call and investor conferences, 2Q’20 was indeed a challenging quarter, hitting our shorter cycle, more profitable businesses the hardest. Data is a real-time snapshot *Data is delayed at least 15 minutes. Creating the energy technologies of the future and improving the power networks that we depend on today. GE Industrial revenues decreased $10.4 billion (16%), with decreases in services and equipment. That said, we’re seeing some early signs of improvement in our end markets and businesses with GE/CFM departures now down less than (50)% below our January baseline, Healthcare scans recovering to near our 4Q baseline in July, and accelerated cost out measures executed in Power and Renewable Energy. Learn how we’re delivering on our priorities. Looking forward, we expect earnings and cash to improve in the second half of 2020 as end markets stabilize, our cost and cash actions take hold and decrementals improve. "Our earnings performance was impacted by the ongoing impact of COVID-19 on our businesses, but Industrial free cash flow was better than our expectations and previously communicated range," CEO Larry Culp said in a statement. Aviation revenue sank 44% to $4.38 billion as the air-travel collapse added to Boeing 737 Max grounding woes. GE Has Cashed In Its Bio-pharmaceuticals Business. Voices is a network for GE’s US supporters interested in the company’s impact in their communities and in issues that impact the company. Explore the latest stories, news, downloads, and press tools. GE shares have taken a big hit this year, dropping more than 38% as the coronavirus pandemic shut down the economy and slowed air travel to a crawl. GE Healthcare, which has about 6,000 employees in metro Milwaukee, continues to be a bright spot for General Electric Co. with GE CEO Larry Culp saying the unit has opportunities to grow. The Earnings Whisper Score gives the statistical odds for the stock ahead of earnings. Do the numbers hold clues to what lies ahead for the stock? General Electric's revenue in FY … In addition, as Larry highlights in the press release, we expect to return to positive free cash flow in 2021. October 28, 2020. GE's innovation engine where ideas become reality to create a better world and deliver differentiated tech across the company's industrial portfolio. We’re continuing to do all we can to support our customers and employees during this unprecedented time. The revenue cycle management market is estimated to grow at a CAGR of 12.9% in the forecasting period, from a base value of $71.11 billion in 2020 to $147.27 billion in 2026. Find out the revenue, expenses and profit or loss over the last fiscal year. The commercial engine business accounts for the vast majority of GE Aviation's revenue: $24.2 billion in 2019. These non-GAAP financial measures supplement our GAAP disclosures and should not be considered an alternative to the GAAP measure. Of note, while earnings was negative $(0.15) and Industrial free cash flow was negative at $(2.1)B, our Industrial free cash flow came in almost $2B better than the midpoint of the guide we provided at a conference in May. GE (GE) delivered earnings and revenue surprises of -7.14% and 4.34%, respectively, for the quarter ended June 2020. Revenue from aviation disappointed, totaling $4.38 billion. Guess (GES) came out with quarterly earnings of $0.58 per share, beating the Zacks Consensus Estimate of $0.06 per share. I hope you and your families remain safe and healthy. For the month of July 2020, total gaming taxes were $26.4 million. Important information about our forward-looking statements. The revenue cycle management market is estimated to grow at a CAGR of 12.9% in the forecasting period, from a base value of $71.11 billion in 2020 to $147.27 billion in 2026. "We made faster progress on elements within our control, including our targeted cost and cash preservation actions.". Total revenues (GAAP) $19.4B, (17)%; Industrial organic revenues* $17.9B, (12)%. GE Sees Digital Revenue More Than Doubling To $15 Billion By 2020 As GE reinvents itself as a digital industrial company, it is targeting the industrial internet. Total orders $13.8B, (38)%; organic orders (35)%, Total revenues (GAAP) $17.7B, (24)%; Industrial organic revenues* $16.3B, (20)%, Industrial profit margin (GAAP) of (5.7)%, (390) bps; adjusted Industrial profit margin* (3.2)%, (1,170) bps, Continuing Earnings Per Share (EPS) (GAAP) of $(0.27), including non-cash goodwill and other charges and the impact of marking GE's investment in Baker Hughes to market; adjusted EPS* $(0.15), GE Cash Flow From Operating Activities (GAAP) $(1.6)B; Industrial free cash flow* $(2.1)B. General Electric Company Common Stock (GE) Revenue EPS : Previous 3 Years Next 3 Years. Revenue: $17.7 billion vs $17.12 billion forecast; Loss per share: 15 cents per share vs a loss of 10 cents per share expected by a Refinitiv survey of analysts Accomplished leaders building GE’s legacy. However, the industrial giant's bottom line took a bigger-than-expected hit as the company tries to weather the coronavirus pandemic. ... we saw revenue down 20% organically due to lower volume across all businesses. Got a confidential news tip? At GE, we rise to the challenge of building a world that works. Read the results of the 2020 GE Global Innovation Barometer, titled “Pride and Protectionism: A Quest for Innovation Agency.”. Get the detailed quarterly/annual income statement for General Electric Company (GE). General Electric reported a revenue figure that slightly beat analyst expectations. We made faster progress on elements within our control, including our targeted cost and cash preservation actions." General Electric revenue for the twelve months ending September 30, … Revenue:  $17.7 billion vs $17.12 billion forecast, Loss per share: 15 cents per share vs a loss of 10 cents per share expected by a Refinitiv survey of analysts. GE’s Investor Relations website at www.ge.com/investor and our corporate blog at www.gereports.com, as well as GEs Facebook page and Twitter accounts, contain a significant amount of information about GE, including financial and other information for investors. Here's how the company's results compared with analyst expectations: GE's stronger-than-forecast revenues were mainly driven by sales in the power and renewable energy divisions. Explore a career with us. Back to GE Overview ©2020, EDGAR®Online, a division of Donnelley Financial Solutions. GE's dedicated team, leading technology, and global reach and capabilities help the world work more efficiently, reliably, and safely. Steve In all, the teams across GE met this quarter head-on with improving operational execution and further de-risking actions. Learn more about our culture, businesses, and life at GE. We want to hear from you. Total revenues (GAAP) $17.7B, (24)%; Industrial organic revenues* $16.3B, (20)%. Revenue fell 17% to $19.42 billion, but was above the FactSet consensus of $18.73 billion. All Rights Reserved. (GE) This intelligent study provides historical data from 2015 alongside a forecast from 2020 to 2025. We connect capital to infrastructure and deliver innovative financial solutions that help make the world work better. Segment profits dropped to $550 million from $958 million. In 2019, GE … GE | Complete General Electric Co. stock news by MarketWatch. MONTHLY GROSS REVENUE REPORT FOR THE MONTH OF OCTOBER, 2020 Year-to-Date Table and Other Games and Poker Win ..... Year-to-Date Slot Machine Win ..... NIEL CAFONE OPERATIONS CONTROLLER (1861-11) TITLE (LICENSE NUMBER) Our earnings performance was impacted by the ongoing impact of COVID-19 on our businesses, but Industrial free cash flow was better than our expectations and previously communicated range. Year to date, GE has reduced debt by $9.1 billion—including $7.8 billion in GE Industrial net debt* and $1.3 billion in GE Capital debt—and by approximately $22 billion since the beginning of 2019. We appreciate your continued interest in GE, and please take care. Together with our customers, we’re proving that no one is ever limited to only affordable, reliable, or sustainable energy. We had a very challenging second quarter that we met head-on, executing well operationally while we took actions to further de-risk our company. And in Power and Renewable Energy, some outages shifted to the right and field mobility constraints impacted projects. Offering a suite of products to help unlock the full potential of additive manufacturing. Shares are up 44.9% since reporting last quarter. Building momentum amidst still-difficult environment. A culture of integrity, compliance, safety, and respect for human rights, while reducing our environmental footprint. A Division of NBCUniversal. I hope you and your families remain safe and healthy. General Electric Company (GE) is an American multinational conglomerate incorporated in New York City and headquartered in Boston.As of 2018, the company operates through the following segments: aviation, healthcare, power, renewable energy, digital industry, additive manufacturing and venture capital and finance.. Key points on GE’s financial performance this quarter: Our CEO Larry Culp said, “The GE team remains focused on protecting the safety of our people, serving our customers and communities, and preserving our strengths, and I want to thank all of my colleagues for their tireless efforts. GE will also have the emerging markets of Asia and Africa in their sights. Commercializing GE’s technology and IP to accelerate growth and achieve market differentiation. This compares to earnings of $0.22 per share a year ago. 2:08 GE Sees 10%-20% Annual Revenue Growth in Latin America Through 2020 By Jeffrey T. 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