2024-04-16

http://w3.windfair.net/wind-energy/news/40628-ge-quarter-q1-results-loss-challenges-launch-independent-improved

04/27/2022

GE: Q1 results are in

Images: GE Renewable Energy

GE Chairman and CEO H. Lawrence Culp, Jr.: "We're holding the outlook range we shared in January, but as we continue to work through inflation and other evolving pressures, we're currently trending toward the low end of the range."

Official Press Release GE:

GE announces first quarter 2022 results

Wind Industry Profile of

Improving services, orders, and cash while managing through current challenges; on track with plans to launch three independent investment-grade companies

Total orders $18.9B, +11%; organic orders +13% Total revenues (GAAP) $17.0B, flat; adjusted revenues* $16.3B, +0.8% organically* Profit margin (GAAP) of (3.1)%, (450) bps; adjusted profit margin* 5.8%, +110 bps organically* Continuing EPS (GAAP) of $(0.74), $(0.75); adjusted EPS* $0.24, +$0.11 Cash from Operating Activities (GAAP) $(0.5)B, +$2.1B; free cash flow* $(0.9)B, +$2.5B, ex. disc. factoring* +$1.7B GE (NYSE:GE) announced results today for the first quarter ending March 31, 2022. GE Chairman and CEO H. Lawrence Culp, Jr. said,... ... More: Official Press Release GE