Earnings
GE Reports Q1 2019 Results: The First Step In A Multiyear Transformation, Says GE Chairman and CEO Culp
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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Electrification Software Grid
Gear Heads: Smart Tech Helps Repair Crews Restore Power Faster
A mass of electrical cables may look like spaghetti to many people, but Nicolas Godingen has become an expert at picking each strand apart in his mind’s eye.
Nearly every day, the field service manager for GE in Singapore gets messages and calls from engineers who need quick guidance on emergency repairs at, say, a substation supplying electricity to an airport. Or they might ask for help with an issue affecting the national power grid.
Baseball
Bringing Good Things To Night: How Night Baseball Came To Cincinnati In 1935
At precisely 8:30 p.m. on Friday, May 24, 1935, President Franklin D. Roosevelt pressed a Western Union telegraph key in the White House and an electric pulse traveled 500 miles over copper wires to a signal lamp near first base at Crosley Field in Cincinnati.
Annual Outlook
GE's 2019 Outlook: Building On Strengths And Tackling Challenges
GE Chairman and CEO H. Lawrence Culp Jr. hosted an outlook meeting with analysts and investors today. He walked them through the company’s plans to deliver on its strategic priorities of improving its financial position and strengthening its businesses in 2019 and beyond.
As part of the guidance for 2019, GE is expecting Industrial organic revenue (non-GAAP) growth in the low-to-mid single digits and adjusted Industrial free cash flows (non-GAAP) in the range of negative $2 billion to $0 billion.
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Letter to Shareholders
Onward
GE
GE To Launch A Standalone Digital Business, Sell Majority Stake In ServiceMax
GE announced plans today to establish a new independent digital business focused on developing software for the industrial internet of things. This network, also known as IIoT, links machines to each other, to the cloud and also to other devices. It allows human managers to use machine learning software to quickly analyze vast amounts of data and gain new insights to operate their businesses more efficiently.
space
Fantastic Voyage: NASA's Voyager 2 Probe Enters Interstellar Space After 41 Years, Still Powered By GE
Earlier this week, NASA announced that the Voyager 2 space probe has become only the second object made by humans to leave the solar system — specifically, the protective bubble called the heliosphere, which shelters the planets from galactic cosmic rays — and enter interstellar space. Voyager 1, the probe’s twin, achieved the same feat in 2012, flying on a more direct path.
GE
Larry Culp Jr. Named New GE Chairman And CEO
GE announced today it named H. Lawrence Culp Jr. as its new chairman and chief executive. Culp, 55, served as CEO of Danaher Corporation. He joined the GE board in April this year. “It’s been a privilege to be asked to lead this iconic company,” Culp said. “GE remains a fundamentally strong company with great businesses and tremendous talent.”
