Aviation and financing generated 73% of GE’s operating profit in 2019. This is GE: four mission-critical, global industrial businesses, each with growing backlogs and sizable installed bases where services represent more than half of our revenue and give us daily opportunities to serve our customers. Finally, just like in Springdale and Batesville, teams across Aviation are identifying new opportunities to improve their operations. Vidya Ravishankar from the materials planning team in Greenville summed up the week perfectly when she said: “The energy levels just kept skyrocketing. While the impact of this work is only starting to become visible to our investors, I’m confident that the “game of inches” we’re playing will become more evident through our results over time.From the outset, we focused 2019 on two strategic priorities: 1) improve our financial position and 2) strengthen our businesses. We’re doing what we said we would do on both fronts, and we’re on a positive trajectory for 2020. We tried things that didn’t work and went back to the drawing board to attack the problem differently. Last year, I shared that GE had too much debt and we needed to reduce it thoughtfully and soon. As we execute, we can grow our revenues profitably while improving our overall cash generation—and we will.GE’s mission also holds a larger purpose. Tune in or catch up on GE’s latest investor events and reports. Explore GE’s recent and historic SEC filings. Aviation delivered strong performance, closing its 100th year of operation with over $270 billion in backlog and an installed base of more than 64,0002 commercial and military engines. LEAP continues to be a strong engine program for us, and we delivered 1,736 LEAP engines to Airbus and Boeing platforms in the year. Annual stock financials by MarketWatch. H. Lawrence Culp, Jr.Chairman of the Board and Chief Executive OfficerFebruary 24, 2020, Download 2019 Annual ReportDownload 2019 CEO LetterDownload 2019 10-KOrder a Copy of the 2019 Annual Report. Explore a timeline of GE technologies that have spurred transformation across the world. This is a board that is dedicated to doing what is right for the company and has tough, direct, and substantive discussions. View real-time stock prices and stock quotes for a full financial overview. In a conference call Thursday, GE executives called 2019 a “reset year” and detailed their plans to cut costs and debt. Read the latest GE financial news releases and stories. GE's aviation unit makes airplane engines for Boeing and Airbus, and is GE's most profitable division, generating $32.9 billion in revenue for the company in 2019. Image Caption Header Image: Kevin Jones, a Development Assembly Mechanic, performs a perfection review on the propulsor for GE Aviation’s GE9X engine before it is shipped for certification testing.Middle Image: Wysheka Austin, Senior Operations Manager, works on a combustion unibody for GE Gas Power's 7HA gas turbine in Greenville, South Carolina.Final Image: Larry Culp with Joe Newkold, Combustors Repair Operations Leader at GE's Aviation Component Service Center (ACSC) in Springdale, Ohio. We have provided a few examples below that you can copy and paste to your site: Your image export is now complete. But if you look at what ties GE together, our “mortar between the bricks”—such as GE Research’s advanced work in technology and material science, Digital’s industrial software and services, and our local capacity and global organization—is helping our businesses serve their customers better and set GE apart. GE reported $2.3 billion in organic industrial free cash flow for 2019, topping its 2019 target. Looking back at 2019, I hope you see a GE that diligently addressed its most pressing issues with grit and reset its foundation to drive long-term profitable growth. I’m confident in our future, even more now than a year ago, because of them.And atop this bedrock we are making real progress. The Healthcare segment provides healthcare technologies in medical imaging, digital solutions, drug discovery, biopharmaceutical manufacturing technologies and performance enhancement solutions. General Electric annual gross profit for 2019 was $25.186B, a 4.1% increase from 2018. General Electric gross profit for the twelve months ending September 30, 2020 was $18.795B, a 16.05% decline year-over-year. If you use our datasets on your site or blog, we ask that you provide attribution via a "dofollow" link back to this page. Most of General Electric's businesses struggled in 2018, but GE Aviation had an incredible year. First, a sincere thank you for sharing your ideas and counsel over the last year. We build intelligent devices, data analytics, applications and services to enable healthcare practitioners to deliver care more efficiently and with better outcomes. General Electric Company (GE) is an American multinational conglomerate incorporated in New York City and headquartered in Boston.As of 2018, the company operates through the following segments: aviation, healthcare, power, renewable energy, digital industry, additive manufacturing and venture capital and finance.. Compare GE With Other Stocks General Electric annual gross profit for 2018 was $24.194B, a 2.14% increase from 2017. GE | Complete General Electric Co. stock news by MarketWatch. The team is at the center of an ecosystem striving for precision health. GE forecast adjusted earnings of 50 cents to 60 cents a share for 2019, below analyst expectations of 70 cents, on average. This fleet is poised for growth; for example, in our commercial business, nearly 70 percent of the CFM56 fleet has had one or fewer shop visits. Strong 2019 underlying operating profit driving FCF; reinforcing our confidence for 2020 Warren East, Chief Executive commented: “After a challenging first half, we had a good end to 2019, delivering 25% growth in full year underlying operating profit and an encouraging level of free cash flow. Please check your download folder. Per Share Data General Electric Co. All values updated annually at fiscal year end . The business is embracing lean throughout its operations; at one lean event at our MR production facility in Florence, South Carolina, the Healthcare team identified $50 million of potential savings in just four days. Continued improvement actions out of a December Lean Action Workout at ACSC are driving toward a fifty-percent reduction in turnaround time at the site, positively impacting both customers and GE's bottom line. Healthcare performed well in 2019, growing its backlog to $18.5 billion and segment profit margins to 19.5 percent. We can solve just about any challenge we encounter, but to do so, we need to put the good and the bad on the table in equal measure. Our technology, global network, and exceptional team is fueled by a mission—building a world that works. Investing in efficient technology is an important part of the solution, and we’ve been working on this for decades—from building the world's most powerful offshore wind turbine and 100th HA turbine order and launched its new 7HA.03 most efficient gas turbine, to creating jet engines that are significantly more fuel-efficient than their predecessors, to developing breakthroughs in grid-scale energy storage and enabling combustion of carbon-free fuels like hydrogen. These efforts will continue into 2020 and beyond.We got back to basics in how we work, standardizing common operating metrics with safety always at the core and focusing our attention on customers, operations, and priority-setting. GE Healthcare's Hino factory has been applying lean for decades, now using software like GE Digital's Proficy Operations Hub. Changing industries look forward to more in 2020, 2019 wasn ’ t work and went back to.! 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