General Electric Company

GE
Sector

Industrials

Industry

Aerospace & Defense

Market Cap

$178.39B

Employees

125K

Company Overview

General Electric is a high-tech industrial company operating through three segments: Aerospace, Renewable Energy, and Power. They manufacture products such as commercial and military aircraft engines, wind turbines, and power generation equipment. GE has a significant global presence with manufacturing and service operations in over 160 countries and is considered a leader in most of the major industries in which they participate.

Filing Highlights

Key insights and themes extracted from this filing

10 Themes

Financial Performance

3 Insights

Total revenues increased by $0.5 billion, or 6%, compared to the same period last year, primarily driven by an increase in Commercial Engines & Services. Equipment revenues increased due to improved pricing, and services revenues increased due to higher spare parts volume and mix.

Profit was $1.9 billion, up $1.6 billion YoY, driven by gains on retained and sold ownership interests of $1.5 billion related to GE HealthCare and AerCap investments, and gains on sales of business interests of $0.4 billion, primarily from the sale of the non-core licensing business.

Operating profit margin was 20.3%, an increase of 150 basis points YoY, despite global material availability and supplier delivery performance issues. This indicates effective cost management and pricing strategies.

Growth & Strategy

3 Insights

Management Execution

3 Insights

Risk Factors

3 Insights

Competitive Position

3 Insights

Operational Efficiency

3 Insights

Innovation & Technology

3 Insights

Capital Allocation

3 Insights

ESG initiatives

3 Insights

Market Environment

3 Insights