Today GE released its first-quarter results for 2019, reporting Industrial organic revenue growth of 5%, adjusted Industrial free cash flows of negative $1.2 billion and adjusted EPS of $0.14. The company also stated that its 2019 guidance remains unchanged.
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Today GE released its fourth-quarter results for 2018, reporting revenues of $33.3 billion, GE cash flows from operating activities of $6.4 billion, adjusted GE industrial free cash flows of $4.9 billion, and adjusted EPS of $0.17. Profit growth in Aviation, Healthcare and BHGE was offset by weakness in Power.
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For the year, GE’s operating results were in line with goals set out for investors. The company earned $1.49 per share — up 14 percent — and returned $30.5 billion to shareowners through dividends and buyback. Free cash flow and dispositions for the year totaled $32.6 billion.
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The company also announced that it has returned $18 billion to shareowners for the year to date, including $13.7 billion through a share buyback and $3.7 billion through dividends. In the quarter, GE’s backlog of orders grew to a record $320 billion, up 17 percent since the 2Q’15.