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Earnings
Building Momentum: GE Delivers Improved Profitability and Cash Performance In Third Quarter
Reporting its third-quarter results today, GE Chairman and CEO Larry Culp told investors that despite the still-difficult environment, he was encouraged by the company’s progress. “I am proud of the GE team’s work in the third quarter to build momentum while continuing to protect the safety of our employees, serve our customers and communities, and preserve GE’s strengths,” he said. “Our topline remains pressured, but our actions are driving improved profitability and cash performance.”
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Q3 2020
GE releases its 3Q 2020 Results
I hope you and your families remain safe and healthy. GE released its third quarter 2020 results today, and I encourage you to read the full materials and listen to our earnings call at 8:00 AM ET.
Key points on GE’s financial performance this quarter:
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Lean Management
The Lean Way: Culp Gives An Update On GE’s Lean Transformation
Perhaps the most important initiative Larry Culp announced when he joined GE as chairman and CEO was introducing the concept of lean management and putting it into action. Shortly following his second anniversary in the job, Culp delivered an update on lean, bringing his colleagues and select members of the media up to speed on how GE’s adoption of the management approach has progressed so far. From the get-go, he’s seen lean as a natural fit for GE. “I know of no other way to run a business than through lean principles,” he said.
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performance
GE Investor Update – Continuing to innovate and deliver for customers
Q2 2020
A Challenging Second Quarter: GE CEO On Navigating The COVID-19 Economy
Q2 2020
GE releases its 2Q 2020 Results
I hope you and your families remain safe and healthy. 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.
Key points on GE’s financial performance this quarter:
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performance
GE Investor Update: Technology milestones and commercial wins
First and foremost, I hope you and your families are remaining safe and healthy as we all continue to navigate through the impact of COVID-19. While the current global environment remains challenging, GE continues to innovate and deliver for its customers in support of essential industries. The businesses are doing this while making progress on our plans to deliver on $2 billion of cost out and $3 billion of cash preservation actions to mitigate the financial impact of COVID-19 in 2020.
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GE announced today that, following a thorough and competitive review process, its Audit Committee selected Deloitte as the company’s independent auditor for the 2021 fiscal year.
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This morning GE announced that David Joyce, vice chairman of GE and president and CEO of GE Aviation, will retire after 40 years of service to GE. With David’s retirement, John Slattery, Embraer’s president and CEO of Commercial Aviation, has been named president- and CEO-elect of GE Aviation, effective July 13.