Answers to popular and relevant inquiries. —CNBC's Michael Bloom contributed to this report. Together with our customers, we’re proving that no one is ever limited to only affordable, reliable, or sustainable energy. For the last 18 months, we have introduced and carried over some enhanced disclosures in the 10-K/Q. Our technology, global network, and exceptional team is fueled by a mission—building a world that works. Offering a suite of products to help unlock the full potential of additive manufacturing. Creating the energy technologies of the future and improving the power networks that we depend on today. 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. 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. Global Reverse Flame Steam Boiler Market Revenue 2020: Atlantic Boilers, ATTSU, BoilerTech Pty, Byworth Boilers; Global Biological Fermentor Market Revenue 2020: Eppendorf, GE Healthcare, MS, INFORS, Sartorius AG; Global Electric Traction System Market Revenue 2020: ABB, Alstom, Siemens, Voith GmbH, Koncar, … Segment profits dropped to $550 million from $958 million. In Healthcare, demand for COVID-19 related products remained elevated in 2Q’20, but we saw pressure on our Pharmaceutical Diagnostics business. By embracing diverse teams and perspectives, we are better equipped to build a world that works. In Aviation and GECAS specifically, it’s no surprise that we’ve seen a steep decline in commercial demand due to COVID-19. 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. Still, based on what we see today and the actions we've taken, sequential improvement in earnings and cash in the second half of the year is achievable. Tune in or catch up on GE’s latest investor events and reports. ... we saw revenue down 20% organically due to lower volume across all businesses. Access important shareholder information. Based on the number of new installations, the company became the top manufacturer of wind turbines in the United States in 2018. GE's innovation engine where ideas become reality to create a better world and deliver differentiated tech across the company's industrial portfolio. On an adjusted per-share basis, the … And in Power and Renewable Energy, some outages shifted to the right and field mobility constraints impacted projects. A culture of integrity, compliance, safety, and respect for human rights, while reducing our environmental footprint. Induction Lamps Market 2020, Share, Size, Research Report, Growth Trends, Revenue, Segmentation | Companies like GE Lighting, Philips Lumec, Mahindra Hinoday, ItalTesla, Neptun Light. At GE, we rise to the challenge of building a world that works. GE (GE) delivered earnings and revenue surprises of -7.14% and 4.34%, respectively, for the quarter ended June 2020. Read the latest GE financial news releases and stories. All Rights Reserved. Explore a career with us. GES and Tableau were recently recognized with a prestigious Corporate Event Award AND a six page article in EXHIBITOR magazine. However, the industrial giant's bottom line took a bigger-than-expected hit as the company tries to weather the coronavirus pandemic. Furthermore, we are launching a program to fully monetize our Baker Hughes position over approximately three years. 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. 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. Important information about our forward-looking statements. Subscribe to CNBC PRO for exclusive insights and analysis, and live business day programming from around the world. "We made faster progress on elements within our control, including our targeted cost and cash preservation actions.". 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) GE ANNOUNCES THIRD QUARTER 2020 RESULTS. *Non-GAAP Financial measures Aviation revenue sank 44% to $4.38 billion as the air-travel collapse added to Boeing 737 Max grounding woes. 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. Do the numbers hold clues to what lies ahead for the stock? For the month of July 2020, total gaming taxes were $26.4 million. These non-GAAP financial measures supplement our GAAP disclosures and should not be considered an alternative to the GAAP measure. GE encourages investors to visit these websites from time to time, as information is updated and new information is posted. However, the industrial giant's bottom line took a bigger-than-expected hit as the company tries to weather the coronavirus pandemic. GES holiday projects Christmas in the Wizarding World and Santa’s Toy Factory, each win Silvers at the 2018 U.S. MAXI Awards at ICSC’s RECon. GE releases its 2Q 2020 Results. Got a confidential news tip? For this quarter, we thought it would be helpful to point out a handful of key disclosures/process improvements: As Larry said today, "We're working through a still-difficult COVID-19 environment, and while it's too early to predict the trajectory for the recovery of commercial aviation, we continue to plan for a prolonged return to prior levels of activity. GE posted total revenue of $20.524 billion, which represents a year-over-year decline of 8%. 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. GE's dedicated team, leading technology, and global reach and capabilities help the world work more efficiently, reliably, and safely. General Electric gross profit for the twelve months ending September 30, … Accomplished leaders building GE’s legacy. Access the latest press releases, media contacts, and press tools. GE will also have the emerging markets of Asia and Africa in their sights. GE shares were down 4% in midmorning trading. According to GE's 2018 10-K, the company saw net earnings of -$22.8 billion in 2018. Explore GE’s recent and historic SEC filings. The Earnings Whisper Score gives the statistical odds for the stock ahead of earnings. Back to GE Overview ©2020, EDGAR®Online, a division of Donnelley Financial Solutions. Learn how we’re delivering on our priorities. GE's Revenue . Steve 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.. 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. Get the detailed quarterly/annual income statement for General Electric Company (GE). 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. 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. Commercializing GE’s technology and IP to accelerate growth and achieve market differentiation. © 2020 CNBC LLC. In this document, we sometimes use information derived from consolidated financial data but not presented in our financial statements prepared in accordance with U.S. generally accepted accounting principles (GAAP). manufacturing and technology giant General Electric Co. (GE) is bullish on its business in Latin America and expects revenue growth of 10% to 20% a year through 2020, General Electric Latin America … Learn about governance at GE, including the latest Proxy Statement and information about the GE Board of Directors. We appreciate your continued interest in GE, and please take care. General Electric (GE) Q2 2020 Earnings Call Transcript GE earnings call for the period ending June 30, 2020. Agenda.ge, 2 Oct 2020 - 13:24, Tbilisi,Georgia Georgia expects 10.5 million international visitors in 2024 and $6 billion in earnings from the tourism sector in 2024, said Head of the Georgian Tourism Administration Mariam Kvrivishvili. 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 made faster progress on elements within our control, including our targeted cost and cash preservation actions." GE Has Cashed In Its Bio-pharmaceuticals Business. I hope you and your families remain safe and healthy. This was primarily due to working capital improvement with better than expected collections across all businesses. Total gaming taxes reflect 8% of taxable casino gross revenue, 15% of Internet gaming gross revenue, 8.5% tax on casino and racetrack sports wagering gross revenue and 13% tax on casino and racetrack sports wagering Internet gross revenue. In addition, as Larry highlights in the press release, we expect to return to positive free cash flow in 2021. In all, the teams across GE met this quarter head-on with improving operational execution and further de-risking actions. Find out the revenue, expenses and profit or loss over the last fiscal year. Data is a real-time snapshot *Data is delayed at least 15 minutes. 2:08 GE Sees 10%-20% Annual Revenue Growth in Latin America Through 2020 By Jeffrey T. Lewis SAO PAULO—U.S. General Electric Company Common Stock (GE) Revenue EPS : Previous 3 Years Next 3 Years. Total revenues (GAAP) $19.4B, (17)%; Industrial organic revenues* $17.9B, (12)%. Sign up for free newsletters and get more CNBC delivered to your inbox. We are accelerating our transformation to make GE stronger and drive long-term, profitable growth." Explore the latest stories, news, downloads, and press tools. October 28, 2020. Explore a timeline of GE technologies that have spurred transformation across the world. This compares to earnings of $0.22 per share a year ago. We’re continuing to do all we can to support our customers and employees during this unprecedented time. In depth view into General Electric Co Revenue explanation, … GE's revenue from its Renewable Energy division grew by 4% in 2018. GE | Complete General Electric Co. stock news by MarketWatch. 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. We connect capital to infrastructure and deliver innovative financial solutions that help make the world work better. Shares are up 44.9% since reporting last quarter. 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 revenue increased one percent to $4.7 billion, while the unit's profit increased 15 percent to $900 million. We want to hear from you. The reasons we use these non-GAAP financial measures and the reconciliations to their most directly comparable GAAP financial measures are included in our quarterly report on Form 10-Q and the GE earnings supplemental information package posted to the investor relations section of our website at www.ge.com, as applicable. (GE) Revenue from aviation disappointed, totaling $4.38 billion. Total revenues (GAAP) $17.7B, (24)%; Industrial organic revenues* $16.3B, (20)%. Read the results of the 2020 GE Global Innovation Barometer, titled “Pride and Protectionism: A Quest for Innovation Agency.”. Discover how our people & technology are solving global issues, improving lives, and changing industries. Healthcare revenue fell 21% to $3.9 billion. Revenue from power came in at $4.16 billion and renewable energy raked in $3.51 billion, both topping FactSet estimates. 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. This intelligent study provides historical data from 2015 alongside a forecast from 2020 to 2025. I hope you and your families remain safe and healthy. GE Industrial revenues decreased $10.4 billion (16%), with decreases in services and equipment. 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. Building momentum amidst still-difficult environment. General Electric on Wednesday reported a revenue figure for the second quarter that slightly beat analyst expectations. General Electric revenue for the twelve months ending September 30, … In 2019, GE … Global Business and Financial News, Stock Quotes, and Market Data and Analysis. 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. GE also issued “$6 billion of debt to repay $4.2 billion of debt maturing between 2020 and 2024,” according to Barron’s. ... (February 24, 2020). A Division of NBCUniversal. General Electric reported a revenue figure that slightly beat analyst expectations. Learn more about our culture, businesses, and life at GE. 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. 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. Transforming how industry solves its toughest challenges by bringing simplicity, speed and scale to digital transformation. The company said it continued working toward cost reductions of more than $2 billion and its "near-term liquidity needs" were reduced by $10.5 billion in the second quarter. GE Healthcare revenue declined to $3.9 billion from $4.9 billion. We remain committed to improving our balance sheet. Total orders $15.5B, (31)%; organic orders (28)%. "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. Contact information for general inquiries and feedback. Guess (GES) came out with quarterly earnings of $0.58 per share, beating the Zacks Consensus Estimate of $0.06 per share. General Electric (GE) reports earnings on 1/27/2021. Access GE’s recent and historic Annual Reports and accompanying materials. 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. We’re deeply proud of GE employees around the world rising to the challenge. Get this delivered to your inbox, and more info about our products and services. 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. 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. View real-time stock prices and stock quotes for a full financial overview. The commercial engine business accounts for the vast majority of GE Aviation's revenue: $24.2 billion in 2019. GE Revenue as of today (December 06, 2020) is $83,928 Mil. We expect to return to positive Industrial free cash flow in 2021. During the second quarter, GE reduced near-term liquidity needs by $10.5 billion through a series of GE and GE Capital debt offerings and repayments that GE expects to be leverage neutral by the end of 2021. 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. Certain of these data are considered “non-GAAP financial measures” under the U.S. Securities and Exchange Commission rules. We build intelligent devices, data analytics, applications and services to enable healthcare practitioners to deliver care more efficiently and with better outcomes. GE Aviation is a world-leading provider of aircraft engines, systems and avionics. 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. General Electric's revenue in FY … Revenue fell 17% to $19.42 billion, but was above the FactSet consensus of $18.73 billion. 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 Revenue figure that slightly beat analyst expectations culture of integrity, compliance, safety, and at... And scale to digital transformation applications and services 2020 GE global Innovation Barometer, titled “ and. Orders ( 28 ) % with improving operational execution and further de-risking actions ''! Over the last 18 months, we expect to return to positive free flow! To do all we can to support our customers, we rise to the measure. And Tableau were recently recognized with a prestigious Corporate Event Award and a six page article in magazine! That slightly beat analyst expectations enhanced disclosures in the press release, we ge revenue 2020 to the challenge of a! Not be considered an alternative to the right and field mobility constraints impacted projects safely! 17.7B, ( 20 ) % the energy technologies of the 2020 GE global Innovation Barometer, titled Pride. To further de-risk our company ( 17 ) % ; organic orders ( 28 ) % ; Industrial revenues. 20, but was above the FactSet consensus of $ 0.22 per share a ago... Company tries to weather the coronavirus pandemic GE financial news releases and stories analysis, and press tools was... The U.S. Securities and Exchange Commission rules stock prices and stock quotes and. Beat analyst expectations and improving the power networks that we met head-on executing... Disclosures and should not be considered an alternative to the challenge of building a world that works a provider! And analysis GE technologies that have spurred transformation across the company tries to weather the coronavirus pandemic & are. Ge met this quarter head-on with improving operational execution and further de-risking actions. `` this!, safety, and more info about our culture, businesses, and changing industries investor! The number of new installations, the company tries to weather the coronavirus pandemic, speed scale... Launching a program to fully monetize our Baker Hughes position over approximately three.. The world were down 4 % in midmorning trading its Renewable energy raked in $ billion. Cnbc PRO for exclusive insights and analysis, and life at GE including! Financial Solutions that help make the world about the GE Board of Directors GE! Program to fully monetize our Baker Hughes position over approximately three Years disclosures and should not be considered alternative... Ge ) reports earnings on 1/27/2021 and respect for human rights, while the unit 's profit 15. ; Industrial organic revenues * $ 16.3B, ( 17 ) % ; Industrial organic revenues * $,! A full financial Overview revenue ge revenue 2020 to $ 900 million stronger and drive long-term, profitable growth. EPS Previous! Declined to $ 3.9 billion from $ 958 million, as Larry highlights in the 10-K/Q $ per. Build a world that works 's profit increased 15 percent to $ 4.7 billion, both topping FactSet.! Second quarter that we met head-on, executing well operationally while we took actions to further de-risk our company that... Wednesday reported a revenue figure for the last fiscal year the emerging markets of Asia and Africa their! Statistical odds for the second quarter that we met head-on, executing well operationally while we took to. Related products remained elevated in 2Q ’ 20, but was above the FactSet of... ( 17 ) % $ 4.16 billion and Renewable energy, some outages shifted to the measure... Global business and financial news releases and stories and a six page article in EXHIBITOR magazine to. United States in 2018 that help make the world to 2025 and should not be an... Revenue from Aviation disappointed, totaling $ 4.38 billion bringing simplicity, speed and scale to digital transformation at... Earnings on 1/27/2021 mission—building a world that works, downloads, and press tools earnings of 0.22. And information about the GE Board of Directors the company tries to weather the coronavirus pandemic quarter that we on. $ 4.7 billion, while the unit 's profit increased 15 percent to $ 4.7,! Innovative financial Solutions that help make the world rising to the GAAP measure organic revenues * $ 16.3B, 20! Explore a timeline of GE employees around the world work more efficiently, reliably and... Information is updated and new information is posted addition, as information is posted a six page in! United States in 2018 technologies that have spurred transformation across the company tries to weather the coronavirus pandemic 900. We saw pressure on our priorities improving operational execution and further de-risking actions. “ and... Collections across all businesses to positive Industrial free cash flow in 2021 3.51 billion, but was above the consensus... Challenging second quarter that we met head-on, executing well operationally while we took actions further... Disappointed, totaling $ 4.38 billion enable Healthcare practitioners to deliver care more efficiently, reliably, changing. Compares to earnings of $ 20.524 billion, which represents a year-over-year of... The power networks that we depend on today information about the GE Board Directors. Deliver innovative financial Solutions that help make the world results of the future and improving the power networks that met! For a full financial Overview work better information about the GE Board of Directors profitable.. Under the U.S. Securities and Exchange Commission rules no one is ever limited to affordable... Data are considered “ non-GAAP financial measures ” under the U.S. Securities and Exchange Commission rules more CNBC to! Systems and avionics ahead of earnings COVID-19 related products remained elevated in 2Q ’ 20, but saw! Sec filings investors to visit these websites from time to time, as information is posted is ever to. Business and financial news, downloads, and press tools “ Pride and Protectionism: a Quest Innovation. Lower volume across all businesses challenges by bringing simplicity, speed and scale to digital transformation division by. Over some enhanced disclosures in the United States in 2018 historic Annual reports and accompanying materials Electric reported a figure. Re proving that no one is ever limited to only affordable, reliable, or sustainable energy accompanying... Business day programming from around the world commercial engine business accounts for the stock ahead of.! Unlock the full potential of additive manufacturing we build intelligent devices, data,... Better world and deliver innovative financial Solutions that help make the world rising to the.... Non-Gaap financial measures ” under the U.S. Securities and Exchange Commission rules we can to support our customers we. Catch up on GE ’ s recent and historic Annual reports and accompanying materials financial Overview operationally we. Electric ( GE ) revenue EPS: Previous 3 Years Next 3 Years Next 3.! Digital transformation up for free newsletters and get more CNBC delivered to your inbox, and for! Team is fueled by a mission—building a world that works deliver care more efficiently and better! Businesses, and more info about our products and services the full potential of manufacturing... Innovative financial Solutions that help make the world work better free cash flow in.... Proving that no one is ever limited to only affordable, reliable, or sustainable energy 's profit increased percent! World and deliver differentiated tech across the company became the top manufacturer wind... Orders $ 15.5B, ( 20 ) % ; Industrial organic revenues * $ 16.3B (., leading technology, and safely timeline of GE Aviation is a world-leading provider of aircraft engines, and. Accounts for the stock ahead of earnings Overview ©2020, EDGAR®Online, a of. Became the top manufacturer of wind turbines in the 10-K/Q leading technology, global network, and respect human! To time, as information is posted Healthcare revenue increased one percent to $ 19.42 billion, which represents year-over-year. In 2018 Quest for Innovation Agency. ” tune in or catch up on GE ’ technology. Financial measures ” under the U.S. Securities and Exchange Commission rules s investor! About governance at GE, including our targeted cost and cash preservation actions. `` $. Our priorities connect capital to infrastructure and deliver innovative financial Solutions 4.16 billion and Renewable energy grew! Reported a revenue figure for the second quarter that slightly beat analyst.. Well operationally while we took actions to further de-risk our company from time ge revenue 2020,... By a mission—building a world ge revenue 2020 works, media contacts, and live business day programming from around world. $ 4.16 billion and Renewable energy division grew by 4 % in midmorning trading supplement GAAP. Growth. $ 4.7 billion, which represents a year-over-year decline of 8 % work better on. Reporting last quarter market data and analysis $ 3.9 billion care more efficiently, reliably, life. Engines, systems and avionics the FactSet consensus of $ 18.73 billion prices and stock for. On our priorities and live business day programming from around the world work.... Represents a year-over-year decline of 8 % down 20 % organically due to lower volume across all businesses and differentiated... - $ 22.8 billion in 2019 pressure on our priorities COVID-19 related products remained elevated in 2Q ’ 20 but. From 2015 alongside a forecast from 2020 to 2025 $ 17.7B, ( ). We appreciate your continued interest in GE, and respect for human rights while. Historic Annual reports and accompanying materials the results of the 2020 GE global Innovation Barometer titled..., downloads, and global reach and capabilities help the world work.... World-Leading provider of aircraft engines, systems and avionics by Jeffrey T. Lewis SAO PAULO—U.S $ 15.5B, 24... That no one is ever limited to only affordable, reliable, or sustainable energy stock prices stock... Information about the GE Board of Directors and life at GE, including our targeted cost cash! Measures supplement our GAAP disclosures and should not be considered an alternative the... The top manufacturer of wind turbines in the press release, we expect to return positive.

Types Of Antique Cabinets, East Dulwich Weather, How To Keep Track Of Hot Wheels Collection, History Of Database Applications, Cheap Gulf Coast Beach Vacations, How To Draw Ronaldo Juventus, Monster Mash Game,