2024-03-29
http://w3.windfair.net/wind-energy/pr/28962-ge-renewables-earnings-quarter-q2-results-company-strategy

News Release from GE Renewable Energy

List_ge_renewable_energy_blau

Wind Industry Profile of


GE Announces Second Quarter 2018 Results

GE announced results for the second quarter of 2018.

GE Chairman and CEO John Flannery said, “With our strategic review now complete, GE is moving forward to implement the strategy and structure we laid out in June. Our focus is on unrelenting execution of this plan to improve operating results, strengthen our balance sheet, accelerate growth across our businesses, and increase shareholder value.”

Flannery added, “The second quarter was in line with expectations, and we saw continued strength across many of our segments, especially in Aviation and Healthcare. We expect the power market to remain challenging, and we continue our focus on operational improvement. In the first half of the year, we reduced Industrial structural costs by $ 1.1 billion, more than halfway toward our 2018 goal of more than $2 billion. Our adjusted Industrial free cash flows improved in the first half year over year, and we plan to end 2018 with more than $15 billion of cash.”

Flannery concluded, “We are progressing on our plans to make GE simpler and stronger. We closed the Industrial Solutions and Value-Based Care transactions; announced plans to separate GE Healthcare into a standalone company over 12-18 months, pursue an orderly separation of BHGE over 2-3 years, and combine GE Transportation with Wabtec; and announced the sale of Distributed Power to Advent International for $3.25 billion.”

Source:
GE
Author:
Press Office
Link:
www.ge.com/...
Keywords:
GE, Renewables, earnings, quarter, Q2, results, company, strategy



Alle Meldungen Von GE Renewable Energy

List_ge_renewable_energy_blau

news in archive


Thematically suitable Windfair.net members in the business directory

  • Newlist_ge_renewable_energy_blau
  • Newlist_logo.enervest
  • Newlist_logo.pes
  • Newlist_prysmian_group_logo
  • Newlist_doerken_coatings
  • Newlist_freudenberg_logo
  • Newlist_logo.rotor-energy
  • Newlist_scottish_renewables_logo
  • Newlist_sse_renewables
  • Newlist_xervon_engl_logo
  • Newlist_braun_windturbinen_logo
  • Newlist_hannover_messe_logo

more results



Keyword Search

© smart dolphin Gmbh 1999 - 2024 | Legal Notice | Windfair Editors | Privacy Policy | The Windfair Pocket Wind 2020