2020-11-24
http://w3.windfair.net/wind-energy/news/35885-ge-q3-results-momentum-quarter-third-quarter-revenue-order

GE Publishes Q3 Results

Image: GE Renewable EnergyImage: GE Renewable Energy
GE Chairman and CEO H. Lawrence Culp, Jr.: "We are improving our profit and cash performance with organic margin expansion in every segment except Aviation, though orders more broadly remain under pressure."

Official Press Release GE:

GE Announces Third Quarter 2020 Results

Wind Industry Profile of
GE Announces Third Quarter 2020 Results

Building momentum amidst still-difficult environment

Total orders $15.5B, (31)%; organic orders (28)% Total revenues (GAAP) $19.4B, (17)%; Industrial organic revenues* $17.9B, (12)% Industrial profit margin (GAAP) of (7.2)%, (510) bps; adjusted Industrial profit margin* 5.6%, (440) bps Continuing EPS (GAAP) of $(0.13), including non-cash impairment charges in Steam Power and the impact of marking GE's investment in Baker Hughes to market; adjusted EPS* $0.06 GE CFOA (GAAP) $90M; Industrial free cash flow* $514M GE (NYSE:GE) announced results today for the third quarter ending Sept. 30, 2020. GE Chairman and CEO H. Lawrence Culp, Jr. said, “I am proud of the GE team’s work in the third quarter... ... More: Official Press Release GE

Keywords:
GE, Q3, results, momentum, quarter, third quarter, revenue, order







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