GE’s Q1 Results: An Encouraging Start in 2023
Reporting GE’s first-quarter results, GE Chairman and CEO and GE Aerospace CEO Larry Culp said, “The GE team is off to an encouraging start in 2023, with our results reflecting robust market demand and our progress operating leaner and more focused businesses. We delivered double-digit top-line growth with all segments up organically and continued strength in services, as well as margin expansion in all segments. And we reported our first positive free cash flow in the first quarter in nearly a decade.” Read more about the results here.
What Happens When a Plane Needs Repairs?
Very often, an airline’s first call is to a GE Aerospace On Wing Support (OWS) team. Here’s an inside look at the maintenance and repair facility outside Cincinnati, one of eight worldwide, and its use of lean management principles for efficiency.
Switzerland Turns to GE for Temporary Power
Last summer, when the Swiss government took a look at Europe’s energy picture going into the winter, it decided to bring in some backup. Six months later, eight of GE’s TM2500 gas turbines were online for quick-response power if needed. Read more.
Robust and Reliable
Christian Verhoeven, GE Gas Power’s engineering leader for Switzerland, explains why GE aeroderivative gas turbines are ideal for dispatching quick reserve power.
— Quote of the Day —
“Overall, GE is creating significant value today and tomorrow as we prepare to stand up these leading franchises as independent companies sometime in early 2024.”
— Larry Culp, chairman and CEO of GE and CEO of GE Aerospace
Quote: GE Reports. Images: GE, GE Aerospace, GE Gas Power. Video: GE Gas Power