outlook
2023 Investor Conference: A New Era at GE
Last Thursday, GE held its Investor Conference at GE Aerospace’s Customer Technical Education Center in Cincinnati, Ohio. The event comes at a pivotal moment in the company’s 130-year history. In January, GE HealthCare successfully launched as a publicly traded company, and now GE Aerospace and GE Vernova are preparing for their next chapter as independent industry leaders sometime in early 2024.
outlook
Transformative Moment: GECAS Deal Will Help GE Become 'More Focused, Simpler, Stronger,' Culp Tells Investors
Larry Culp has been on a mission to transform GE ever since he joined the company as chairman and CEO in late 2018. GE took another big step down the transformation path Wednesday by agreeing to combine its aircraft leasing business, GE Aviation Capital Services (GECAS), with Ireland’s AerCap. Valued at more than $30 billion, which includes $24 billion in cash and some $6 billion in a 46% stake in the combined business, the transaction will create one of the industry’s largest franchises leasing planes, engines and helicopters.
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performance
Steve Winoker: Investor Call To Discuss 2020 Outlook
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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economy
Marco Annunziata: Through the Looking Glass
How to cut through the global economic madness to assess real prospects for growth.
Looking at the global economy can feel like we have gone among the mad people:
- Some interest rates are negative — you have to pay in order to lend.
- Financial papers call for “helicopter money” in a Eurozone that is growing above potential.
- Innovation is moving at its fastest pace but productivity at its slowest.