GE Publishes Q2 Results

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Challenging quarter that GE met head-on with better operational execution and de-risking actions

GE (NYSE:GE) announced results today for the second quarter ending June 30, 2020. Total orders $13.8B, (38)%; organic orders (35)% Total revenues (GAAP) $17.7B, (24)%; Industrial organic revenues* $16.3B, (20)% Industrial profit margin (GAAP) of (5.7)%, (390) bps; adjusted Industrial profit margin* (3.2)%, (1,170) bps Continuing EPS (GAAP) of $(0.27), including non-cash goodwill and other charges and the impact of marking GE's investment in Baker Hughes to market; adjusted EPS* $(0.15) GE CFOA (GAAP) $(1.6)B; Industrial free cash flow* $(2.1)B GE Chairman and CEO H. Lawrence Culp, Jr. said,... ... More: Official Press Release GE

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