GE Announces Q2 2019 Results

Image: GEImage: GE
Orders went up, but challenging situation

Official Press Release GE:

GE Announces Second Quarter 2019 Results

Wind Industry Profile of
GE Announces Second Quarter 2019 Results

GE Renewable Energy: Orders of $3.7 billion were up 35% reported and 38% organically, with onshore orders up 87% reported driven by North America.

Revenues of$3.6 billion were up 26% reported and 33% organically. Segment profit of negative $184 million was driven by joint venture consolidation, higherlosses on legacy contracts, challenging Onshore project execution in Asia Pacific, increased R&D investment, tariffs, and pricing, partially offset bycost productivity and strong volume. Renewable Energy's two major new products—Cypress in onshore and Haliade-X in offshore—continue toprogress toward commercialization, with Cypress securing launch orders in the first half and Haliade-X undergoing blade testing. ... More: Official Press Release GE

GE, Renewable Energy, Haliade, Cypress, revenue, 2019, Q2, orders, challenging

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