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GE releases its 4Q'21, FY'21 Results and '22 Outlook
GE released its fourth quarter and full year 2021 results today, and I encourage you to read the full materials and listen to our earnings call at 8:00 AM ET.
Key highlights on GE’s financial performance for the fourth quarter 2021 (prior three-column reporting format1; variances on a year-over-year basis):
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performance
Recent business highlights & your Aviation questions answered
performance
Recent highlights and GE’s continued momentum
GE
A Defining Moment: GE To Form 3 Industry-Leading Public Companies Focused On Aviation, Healthcare and Energy
Today GE announced plans to form three industry-leading, global, investment-grade public companies focused on the growth sectors of aviation, healthcare and energy. Please join us at 8:15 AM as GE Chairman and CEO Larry Culp and CFO Carolina Dybeck Happe provide further details. Materials are now posted on our GE Investor Relations website.
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performance
GECAS-AerCap Deal Is A “Milestone” In GE’s Transformation To A “More Focused, Simpler, And Stronger Company”
Speaking to investors and analysts during the third-quarter earnings call last week, Larry Culp, GE’s chairman and CEO, said that the combination of GE’s aircraft-leasing business, GE Aviation Capital Services, with Ireland’s AerCap was a “tremendous catalyst, enabling us to focus on our industrial core and accelerate our deleveraging plan.”
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Earnings
Third-Quarter Earnings Results: Strong Performance Continues
Reporting GE’s third-quarter results, GE Chairman and CEO Larry Culp said the company delivered “another strong quarter as orders, margins and cash improved.” The results benefited from “continued signs of recovery” in the aviation market, Culp said, but he stressed that GE’s focus on continuous improvement and lean management was driving broader operational and financial progress. He also said that the company was managing through significant challenges, such as supply chain disruptions and onshore wind market pressure due to the U.S. production tax credit (PTC).