2021-06-16
http://w3.windfair.net/wind-energy/news/36627-ge-quarter-q4-2020-results-revenue-energy-ransition-ge-renewable-energy-order-profit-adjusted

GE Announces Results

Image: GE Renewable EnergyImage: GE Renewable Energy
GE Chairman and CEO H. Lawrence Culp, Jr. said, “As 2020 progressed, we significantly improved GE's profitability and cash performance despite a still-difficult macro environment."

Official Press Release GE :

GE Announces Fourth Quarter and Full Year 2020 Results

Wind Industry Profile of
GE Announces Fourth Quarter and Full Year 2020 Results

Strong free cash flow finish to a challenging year; momentum growing across GE's businesses

Fourth quarter 2020: Total orders $23.2B, (7)%; organic orders (3)% Total revenues (GAAP) $21.9B, (16)%; Industrial organic revenues* $20.1B, (14)% Industrial profit margin (GAAP) of 14.4%, +800 bps; adjusted Industrial profit margin* 6.4%, (460) bps Continuing EPS (GAAP) $0.27, favorable year over year; adjusted EPS* $0.08, (60)%1 GE Industrial CFOA (GAAP) $1.9B; Industrial free cash flow* $4.4B Full year 2020: Total orders $72.0B, (20)%; organic orders (17)%; backlog $386.5B, (4)% Total revenues (GAAP) $79.6B, (16)%; Industrial organic revenues* $73.2B,... ... More: Official Press Release GE

Keywords:
GE, quarter, Q4, 2020, results, revenue, energy ransition, GE Renewable Energy, order, profit, adjusted







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