GE annouces results after challenging year

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GE announced plans to form three independent, investment-grade, industry-leading companies focused on the growth sectors of aviation, healthcare, and energy.

Official Press Release GE:

GE announces fourth quarter and full year 2021 results

Wind Industry Profile of
GE announces fourth quarter and full year 2021 results

GE continued to make progress on its transformation

GE Chairman and CEO H. Lawrence Culp, Jr. said, “2021 was an important year for the GE team, marked by significant strategic, operational, and financial progress. We delivered solid margin, EPS, and free cash flow performance in 2021, exceeding our outlook. Orders for the year were up double digits, supporting faster growth going forward, while supply chain challenges, commercial selectivity, and uncertainty surrounding the U.S. wind production tax credit impacted our top-line." Culp continued, “We're seeing real momentum and opportunities for sustainable profitable growth from near-term improvements in GE's businesses, especially as Aviation recovers and our end markets strengthen. Our... ... More: Official Press Release GE

GE, full year, results, Q4, quarter, revenue, performance, supply chain, energy transition, growth, loss, outlook, challenges

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