GE released its third-quarter financial results today, and I encourage you to read the full materials and listen to our earnings call at 7:30 a.m. ET.
Key highlights of GE’s financial performance for the third quarter 2023:
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- Tax-free spin-off planned for completion in the beginning of the second quarter of 2024
- Following completion of the planned spin-off, shares of GE Vernova will be listed on the New York Stock Exchange under the ticker symbol “GEV”; GE Aerospace will continue GE’s listing on the New York Stock Exchange under the ticker symbol “GE”
BOSTON – October 24, 2023 – GE (NYSE:GE) today announced that it plans to spin off GE Vernova and launch GE Aerospace in the beginning of the second quarter of 2024, subject to final approval from the GE Board of Directors and other
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Many years ago, Larry Culp was puzzled by Toyota. He couldn’t understand why the Japanese automaker allowed its competitors into its factories to witness the legendary Toyota Production System in action. The company risked giving away “the recipe for the secret sauce,” GE’s leader thought.