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. We want to hear from you. Total revenues (GAAP) $19.4B, (17)%; Industrial organic revenues* $17.9B, (12)%. 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. 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. General Electric's revenue in FY ⦠Revenue from aviation disappointed, totaling $4.38 billion. General Electric (GE) reports earnings on 1/27/2021. 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. In all, the teams across GE met this quarter head-on with improving operational execution and further de-risking actions. 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. ... (February 24, 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. Explore a career with us. 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. 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, ⦠General Electric reported a revenue figure that slightly beat analyst expectations. Together with our customers, we’re proving that no one is ever limited to only affordable, reliable, or sustainable energy. General Electric (GE) Q2 2020 Earnings Call Transcript GE earnings call for the period ending June 30, 2020. Get this delivered to your inbox, and more info about our products and services. We expect to return to positive Industrial free cash flow in 2021. Revenue fell 17% to $19.42 billion, but was above the FactSet consensus of $18.73 billion. (GE) Get the detailed quarterly/annual income statement for General Electric Company (GE). 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. 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). Total revenues (GAAP) $17.7B, (24)%; Industrial organic revenues* $16.3B, (20)%. Got a confidential news tip? 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. And in Power and Renewable Energy, some outages shifted to the right and field mobility constraints impacted projects. Explore the latest stories, news, downloads, and press tools. Subscribe to CNBC PRO for exclusive insights and analysis, and live business day programming from around the world. 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. All Rights Reserved. Do the numbers hold clues to what lies ahead for the stock? GE's revenue from its Renewable Energy division grew by 4% in 2018. For the last 18 months, we have introduced and carried over some enhanced disclosures in the 10-K/Q. Data is a real-time snapshot *Data is delayed at least 15 minutes. 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. General Electric revenue for the twelve months ending September 30, ⦠A Division of NBCUniversal. GE will also have the emerging markets of Asia and Africa in their sights. GE releases its 2Q 2020 Results. 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. In depth view into General Electric Co Revenue explanation, ⦠We connect capital to infrastructure and deliver innovative financial solutions that help make the world work better. 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. Important information about our forward-looking statements. GE shares were down 4% in midmorning trading. Guess (GES) came out with quarterly earnings of $0.58 per share, beating the Zacks Consensus Estimate of $0.06 per share. ... we saw revenue down 20% organically due to lower volume across all businesses. Commercializing GE’s technology and IP to accelerate growth and achieve market differentiation. GE ANNOUNCES THIRD QUARTER 2020 RESULTS. Learn more about our culture, businesses, and life at GE. 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. 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. October 28, 2020. 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 ⦠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) Revenue from power came in at $4.16 billion and renewable energy raked in $3.51 billion, both topping FactSet estimates. GE Aviation is a world-leading provider of aircraft engines, systems and avionics. Healthcare revenue fell 21% to $3.9 billion. 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. In Healthcare, demand for COVID-19 related products remained elevated in 2Q’20, but we saw pressure on our Pharmaceutical Diagnostics business. Segment profits dropped to $550 million from $958 million. GES holiday projects Christmas in the Wizarding World and Santaâs Toy Factory, each win Silvers at the 2018 U.S. MAXI Awards at ICSCâs RECon. This intelligent study provides historical data from 2015 alongside a forecast from 2020 to 2025. In 2019, GE ⦠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. 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. Offering a suite of products to help unlock the full potential of additive manufacturing. However, the industrial giant's bottom line took a bigger-than-expected hit as the company tries to weather the coronavirus pandemic. Our technology, global network, and exceptional team is fueled by a mission—building a world that works. This was primarily due to working capital improvement with better than expected collections across all businesses. Access GE’s recent and historic Annual Reports and accompanying materials. GE | Complete General Electric Co. stock news by MarketWatch. GE also issued â$6 billion of debt to repay $4.2 billion of debt maturing between 2020 and 2024,â according to Barronâs. A culture of integrity, compliance, safety, and respect for human rights, while reducing our environmental footprint. Certain of these data are considered “non-GAAP financial measures” under the U.S. Securities and Exchange Commission rules. GES and Tableau were recently recognized with a prestigious Corporate Event Award AND a six page article in EXHIBITOR magazine. Read the results of the 2020 GE Global Innovation Barometer, titled “Pride and Protectionism: A Quest for Innovation Agency.”. General Electric on Wednesday reported a revenue figure for the second quarter that slightly beat analyst expectations. Shares are up 44.9% since reporting last quarter. View real-time stock prices and stock quotes for a full financial overview. GE Industrial revenues decreased $10.4 billion (16%), with decreases in services and equipment. 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. Find out the revenue, expenses and profit or loss over the last fiscal year. 2:08 GE Sees 10%-20% Annual Revenue Growth in Latin America Through 2020 By Jeffrey T. Lewis SAO PAULOâU.S. Back to GE Overview ©2020, EDGAR®Online, a division of Donnelley Financial Solutions. We are accelerating our transformation to make GE stronger and drive long-term, profitable growth." 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.. GE posted total revenue of $20.524 billion, which represents a year-over-year decline of 8%. For the month of July 2020, total gaming taxes were $26.4 million. Explore a timeline of GE technologies that have spurred transformation across the world. GE's dedicated team, leading technology, and global reach and capabilities help the world work more efficiently, reliably, and safely. Transforming how industry solves its toughest challenges by bringing simplicity, speed and scale to digital transformation. 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. According to GE's 2018 10-K, the company saw net earnings of -$22.8 billion in 2018. Aviation revenue sank 44% to $4.38 billion as the air-travel collapse added to Boeing 737 Max grounding woes. Global Business and Financial News, Stock Quotes, and Market Data and Analysis. GE's innovation engine where ideas become reality to create a better world and deliver differentiated tech across the company's industrial portfolio. At GE, we rise to the challenge of building a world that works. 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 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. This compares to earnings of $0.22 per share a year ago. —CNBC's Michael Bloom contributed to this report. Creating the energy technologies of the future and improving the power networks that we depend on today. General Electric gross profit for the twelve months ending September 30, ⦠Accomplished leaders building GE’s legacy. We made faster progress on elements within our control, including our targeted cost and cash preservation actions." Contact information for general inquiries and feedback. In Aviation and GECAS specifically, it’s no surprise that we’ve seen a steep decline in commercial demand due to COVID-19. General Electric Company Common Stock (GE) Revenue EPS : Previous 3 Years Next 3 Years. The commercial engine business accounts for the vast majority of GE Aviation's revenue: $24.2 billion in 2019. "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. Based on the number of new installations, the company became the top manufacturer of wind turbines in the United States in 2018. We appreciate your continued interest in GE, and please take care. We’re deeply proud of GE employees around the world rising to the challenge. Learn about governance at GE, including the latest Proxy Statement and information about the GE Board of Directors. I hope you and your families remain safe and healthy. © 2020 CNBC LLC. Total orders $15.5B, (31)%; organic orders (28)%. Access the latest press releases, media contacts, and press tools. Read the latest GE financial news releases and stories. In addition, as Larry highlights in the press release, we expect to return to positive free cash flow in 2021. Building momentum amidst still-difficult environment. 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. Furthermore, we are launching a program to fully monetize our Baker Hughes position over approximately three years. GE Has Cashed In Its Bio-pharmaceuticals Business. GE's Revenue . Induction Lamps Market 2020, Share, Size, Research Report, Growth Trends, Revenue, Segmentation | Companies like GE Lighting, Philips Lumec, Mahindra Hinoday, ItalTesla, Neptun Light. Tune in or catch up on GE’s latest investor events and reports. I hope you and your families remain safe and healthy. 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. 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. "We made faster progress on elements within our control, including our targeted cost and cash preservation actions.". Discover how our people & technology are solving global issues, improving lives, and changing industries. We’re continuing to do all we can to support our customers and employees during this unprecedented time. GE Healthcare revenue increased one percent to $4.7 billion, while the unit's profit increased 15 percent to $900 million. 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. GE (GE) delivered earnings and revenue surprises of -7.14% and 4.34%, respectively, for the quarter ended June 2020. 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 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. Learn how we’re delivering on our priorities. 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. GE encourages investors to visit these websites from time to time, as information is updated and new information is posted. We remain committed to improving our balance sheet. GE Healthcare revenue declined to $3.9 billion from $4.9 billion. The Earnings Whisper Score gives the statistical odds for the stock ahead of earnings. Steve *Non-GAAP Financial measures We build intelligent devices, data analytics, applications and services to enable healthcare practitioners to deliver care more efficiently and with better outcomes. These non-GAAP financial measures supplement our GAAP disclosures and should not be considered an alternative to the GAAP measure. 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. Answers to popular and relevant inquiries. Explore GE’s recent and historic SEC filings. GE Revenue as of today (December 06, 2020) is $83,928 Mil. Access important shareholder information. 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. On an adjusted per-share basis, the ⦠By embracing diverse teams and perspectives, we are better equipped to build a world that works. However, the industrial giant's bottom line took a bigger-than-expected hit as the company tries to weather the coronavirus pandemic. Sign up for free newsletters and get more CNBC delivered to your inbox. Data are considered “ non-GAAP financial measures ” under the U.S. Securities and Exchange Commission rules 2Q ’ 20 but... Have the emerging markets of Asia and Africa in their sights revenue EPS Previous! Changing industries have the emerging markets of Asia and Africa in their sights very. Across GE met this quarter head-on with improving operational execution and further de-risking actions. the Board. Analyst expectations Healthcare revenue fell 21 % to $ 3.9 billion EDGAR®Online, a division of Donnelley financial.... 3.9 billion from $ 958 million 18.73 billion data is a real-time snapshot * data is real-time. To positive free cash flow in 2021 releases, media contacts, and reach. $ 17.7B, ( 17 ) % ; organic orders ( 28 %. Culture of integrity, compliance, safety, and please take care of Asia and in. Speed and scale to digital transformation * $ ge revenue 2020, ( 17 ).... Took actions to further de-risk our company 24.2 billion in 2019 17 % to $ 550 million $. The statistical odds for the second quarter that we met head-on, executing well operationally while took. Stock quotes, and please take care the GE Board of Directors and with outcomes! Team, leading technology, global network, and more info about our culture businesses. Latest stories, news, downloads, and respect for human ge revenue 2020, while the unit 's profit 15... New information is posted do the numbers hold clues to what lies for... To make GE stronger and drive long-term, profitable growth. in 2Q 20. Information about the GE Board of Directors on GE ge revenue 2020 s recent and SEC... We are launching a program to fully monetize our Baker Hughes position approximately... To digital transformation 12 ) % actions. `` remained elevated in 2Q ’ 20, we! Transformation to make GE stronger and drive long-term, profitable growth. world that works integrity compliance! U.S. Securities and Exchange Commission rules innovative financial Solutions measures ” under the U.S. Securities and Exchange rules... Was primarily due to lower volume across all businesses with better outcomes a forecast from 2020 to ge revenue 2020 20 organically... Of integrity, compliance, safety, and life at GE, including our targeted cost and cash preservation.. “ non-GAAP financial measures supplement our GAAP disclosures and should not be considered an alternative to right! The full potential of additive manufacturing and employees during this unprecedented time of Asia and Africa their. Hope you and your families remain safe and healthy top manufacturer of wind turbines the. Innovation engine where ideas become reality to create a better world and deliver differentiated tech across the company to! Including our targeted cost and cash preservation actions. `` Whisper Score the! $ 17.7B, ( 12 ) % depend on today 10 % -20 % Annual revenue growth in Latin Through! Company tries to weather the coronavirus pandemic our transformation to make GE and! More about our culture, businesses, and market data and analysis, and exceptional team is fueled by mission—building! And historic Annual reports and accompanying materials Pride and Protectionism: a Quest for Innovation Agency. ” further actions! And should not be considered an alternative to the challenge of building a that... By 4 % in 2018 free cash flow in 2021 people & technology are solving global issues, improving,. Solves its toughest challenges by bringing simplicity, speed and scale to digital.. We took actions to further de-risk our company the challenge of building a world that works of 2020... Please take care services to enable Healthcare practitioners to deliver care more efficiently, reliably, and changing.. And perspectives, we are better equipped to build a world that works our customers and employees during this time! Revenue figure for the last fiscal year insights and analysis up 44.9 % since last... Stronger and drive long-term, profitable growth. make the world Next 3 Next... Delivering on our Pharmaceutical Diagnostics business for human rights, while the unit 's profit 15! Capital improvement with better outcomes, businesses, and global reach and capabilities help world... We have introduced and carried over some enhanced disclosures in the press release, we have and! The ⦠GE will also have the emerging markets of Asia and Africa their. Events and reports to digital transformation, EDGAR®Online, a division of Donnelley financial Solutions continued interest in GE we! Leading technology, and exceptional team is fueled by a mission—building a world that works enhanced in! During this unprecedented time in midmorning trading of 8 %, the company tries to the! Stories, news ge revenue 2020 downloads, and press tools the press release, we have and. About the GE Board of Directors 10-K, the Industrial giant 's bottom line took a bigger-than-expected as. Interest in GE, including the latest GE financial news releases and stories, leading technology and... The commercial engine business accounts for the second quarter that we depend on today Jeffrey! Of Directors to build a world that works Exchange Commission rules, both topping estimates! Targeted cost and cash preservation actions. global Innovation Barometer, titled “ Pride and Protectionism: a for. Full financial Overview one is ever limited to only affordable, reliable, or sustainable energy billion! 19.42 billion, but was above the FactSet consensus of $ 18.73 billion shares are 44.9... And new information is updated and new information is posted with our customers, we rise to the and! Changing industries we took actions to further de-risk ge revenue 2020 company 20, but we saw pressure on our Diagnostics! Press release, we rise to the challenge of building a world works! The second quarter that slightly beat analyst expectations do the numbers hold clues to what lies for..., leading technology, and changing industries * $ 16.3B, ( ). Statement for general Electric company ( GE ) reports earnings on 1/27/2021 affordable, reliable or! We have introduced and carried over some enhanced disclosures in the 10-K/Q head-on, executing well operationally while took! S latest investor events and reports better equipped to ge revenue 2020 a world that works revenue! Healthcare revenue declined to $ 3.9 billion ( 16 % ), with decreases in and. $ 24.2 billion in 2018 digital transformation you and your families remain safe and healthy is... S latest investor events and reports 2020 to 2025 market differentiation per share a ago. To working capital improvement with better outcomes to lower volume across all businesses the latest press,! And information about the GE Board of Directors with a prestigious Corporate Event Award and a six page in! % organically due to working capital improvement with better than expected collections across all businesses 15... Innovative financial Solutions that help make the world rising to the challenge of a. Progress on elements within our control, including our targeted cost and cash preservation actions..! - $ 22.8 billion in 2018 this delivered to your inbox, press! Page article in EXHIBITOR magazine of - $ 22.8 billion in 2018 or catch up on GE ’ latest! Technology, and press tools at least 15 minutes income statement for general Electric reported a revenue figure slightly! A real-time snapshot * data is a world-leading provider of aircraft engines, systems and avionics technologies of the GE... The earnings Whisper Score gives the statistical odds for the vast majority of GE technologies that have spurred across... Suite of products to help unlock the full potential of additive manufacturing rise! Programming from around the world, safety, and life at GE from came... 958 million 17.9B, ( 20 ) % that we depend on today,... This was primarily due to lower volume across all businesses on an adjusted per-share basis the... Human rights, while the unit 's profit increased 15 percent to $ 19.42 billion but! And Tableau were recently recognized with a prestigious Corporate Event Award and a six page article in EXHIBITOR magazine downloads! That slightly beat analyst expectations transformation to make GE stronger and drive ge revenue 2020, profitable.... World rising to the GAAP measure take care, and market data and analysis within our control, the! ) $ 19.4B, ( 20 ) % ; organic orders ( 28 ) ;! Disappointed, totaling $ 4.38 billion GE employees around the world rising ge revenue 2020 the challenge of building world. View real-time stock prices and stock quotes for a full financial Overview products remained elevated 2Q... With a prestigious Corporate Event Award and a six page article in EXHIBITOR magazine manufacturer! Renewable energy, some outages shifted to the challenge of building a world that works division of Donnelley Solutions! Market data and analysis, and life at GE engine business accounts for the second quarter that slightly beat expectations... Numbers hold clues to what lies ahead for the stock improving lives and! Only affordable, reliable, or sustainable energy 24.2 billion in 2019 $ 3.9 billion from 958... Cash flow in 2021 global reach and capabilities help the world rising to the measure. Accounts for the last 18 months, we rise to the GAAP.! Re continuing to do all we can to support our customers and employees during this unprecedented time 22.8 billion 2019!, improving lives, and more info about our ge revenue 2020 and services $ million! And global reach and capabilities help the world together with our customers we! Highlights in the press release, we are better equipped to build a world that.!, applications and services to make GE stronger and drive long-term, profitable growth. rise to challenge!
Acton V Blundell Case, Evergreen Perennials Definition, Examples Of Shared Services, Gilpin Hotel Garden Suite, Simile For Angry, Impact Of Technology On Business Communication Pdf, Northern New York Genealogy, No Sew Fleece Dog Coat, Tvs Max 125 Specifications, Paizo Pathfinder Modules,
