GE · GENERAL ELECTRIC CO

514 filings

GE SEC Filings

GENERAL ELECTRIC CO - 514 total filings

Filing record · 2016–202610-K1110-Q348-K179

Showing 1–50 of 514 filings

GENERAL ELECTRIC CO Quarterly Report for Q3 Ended Sep 30, 2026

General Electric Company (GE Aerospace) reported a strong third quarter for 2026, showcasing significant year-over-year growth in both revenue and net income from continuing operations. Total revenue increased by 16% to $14.1 billion, driven by robust performance in both equipment and services segments. Net income from continuing operations attributable to common shareholders rose to $2.41 billion, a 10.7% increase. The company's Commercial Engines & Services (CES) segment was a primary growth driver, with revenues up 21% and profits up 21%, fueled by increased shop visits, spare parts demand, and engine deliveries. The Defense & Propulsion Technologies (DPT) segment also saw revenue and profit growth. GE Aerospace announced a major strategic move with an agreement to acquire Consolidated Precision Products (CPP) for $11.75 billion, intended to be funded by cash and new debt, signaling a commitment to expanding its manufacturing capabilities. The company also reported strong free cash flow generation of $6.7 billion for the first nine months of the year. Despite ongoing supply chain constraints and inflationary pressures, GE Aerospace continues to execute on its strategy, demonstrating resilience and a positive outlook supported by strong demand and strategic investments.

Oct 20, 2026 8-K

GENERAL ELECTRIC CO 8-K Report, Financial Results (Oct 20, 2026)

General Electric Company (GE) reported its third-quarter 2026 financial results, showcasing robust performance driven by strong demand across its aerospace segments. The company, operating as GE Aerospace, experienced significant growth in orders, revenue, and earnings per share, leading to an upward revision of its full-year 2026 guidance. This positive momentum is attributed to strong performance in commercial services and engine deliveries, supported by strategic initiatives like the planned acquisition of Consolidated Precision Products (CPP) to expand manufacturing capacity. Key financial highlights include a substantial increase in total orders and revenue, with particularly strong growth in the Commercial Engines & Services (CES) segment. The company also demonstrated improved operating profit and margins, underscoring operational efficiency. GE Aerospace is actively investing in future technologies and capacity expansion to meet growing customer needs and maintain its leadership position in the aerospace market.

Oct 20, 2026 8-K

GENERAL ELECTRIC CO 8-K Report, Executive Changes (Sep 22, 2026)

GE Aerospace (NYSE: GE) filed this Form 8-K dated September 22, 2026 to report two board-level governance changes, neither of which involves financial results, guidance, or operational events. First, the Board appointed Judson Althoff, who was elected to the Board effective June 24, 2026, to the Audit Committee effective September 21, 2026. The filing notes that the June 2026 8-K had not yet assigned him a committee, so this update is a disclosure catch-up rather than a new development in the company's situation. Second, the independent directors named Wesley (Wes) Bush as independent Lead Director effective September 21, 2026, succeeding Tom Horton, who had held the role since 2018 and will remain on the Board. Bush is a former Chairman and CEO of Northrop Grumman and brings deep aerospace and defense experience. CEO H. Lawrence Culp, Jr. praised both Horton's leadership and Bush's expertise, framing the transition as continuity with an emphasis on safety, customers, and future propulsion technologies. For investors, this filing is low-impact from a financial standpoint. It carries no reported financial figures, no guidance changes, and no compensation terms for the new appointments. Its relevance lies mainly in board governance: the Lead Director role provides independent oversight of management, and an experienced aerospace executive taking that role, along with an Audit Committee addition, may be viewed as a modest positive for oversight continuity. Investors should look to future proxy materials for details on committee composition and director compensation.

Sep 22, 2026 8-K

GENERAL ELECTRIC CO 8-K Report, Regulation FD Disclosure (Sep 8, 2026)

GE Aerospace (NYSE: GE) announced on September 8, 2026 that it has signed an agreement to acquire Consolidated Precision Products (CPP), a Cleveland-based manufacturer of highly engineered investment and precision sand castings, from private equity owners Warburg Pincus and Berkshire Partners, for a cash purchase price of $11.75 billion, subject to closing adjustments. The purchase is to be financed with $7 billion of existing cash and the balance with new debt, and management states there is no change to its capital allocation plans. The deal is expected to close in the second half of 2027, subject to regulatory approvals and customary conditions. The strategic rationale centers on castings capacity. GE Aerospace says demand for airfoils is growing more than 30% across commercial engines, aftermarket and defense, and CPP, which employs about 6,600 people across more than 20 facilities and is a key supplier on programs such as LEAP, GEnx, T700, F110 and F404, would give GE direct control over that capacity. Management also expects the combination to speed development of new proprietary airfoil technology by integrating design and manufacturing, and to extend GE's FLIGHT DECK operating system into CPP's plants. Financially, management presents the deal as accretive to adjusted EPS and free cash flow in year one (excluding one-time costs and deal-related amortization). The purchase price equates to roughly 18x 2027 EBITDA including expected net synergies of about $200 million, or roughly 26x without them, and management targets a double-digit ROIC by year five. Because the 8-K is a Regulation FD and Other Events filing and the presentation and press release are furnished rather than filed, the disclosure is primarily a strategic and valuation announcement; investors should note that the projections are forward-looking and that the closing timeline and synergy estimates remain subject to execution and regulatory review.

Sep 8, 2026 8-K

GENERAL ELECTRIC CO 8-K Report, Financial Results (Jul 16, 2026)

GE Aerospace (NYSE: GE) reported second-quarter 2026 results on July 16, 2026, showing strong growth led by its Commercial Engines & Services (CES) segment. Total orders were $16.5B (+17%), GAAP revenue was $13.3B (+21%), and adjusted revenue was $12.6B (+24%). GAAP profit rose 17% to $2.8B, while operating profit grew 18% to $2.7B, though operating margin contracted 130 bps to 21.7% due to engine growth including the GE9X, investments, and inflation. Continuing GAAP EPS was $2.30 (+23%) and adjusted EPS was $2.02 (+22%). Free cash flow reached $3.0B (+43%), and first-half FCF of $4.7B (+31%) reflects strong cash generation. The headline for investors is the raised full-year 2026 guidance across all key metrics. Adjusted revenue growth is now expected to be high-teens (previously low-double-digits), operating profit is now $10.55-$10.75B (previously $9.85-$10.25B), adjusted EPS is now $7.65-$7.85 (previously $7.10-$7.40), and FCF is now $8.9-$9.2B (previously $8.0-$8.4B). CES services revenue is now expected to grow in the low 20s percent, and management cites a backlog of over $210B and record internal shop visit output as drivers of visibility. While results are strong, investors should note that the operating margin decline, the continued reliance on services growth, and the non-GAAP nature of many headline metrics warrant attention. The company also flagged ongoing risks including supply chain constraints, geopolitical and trade tensions, and capital needs tied to its run-off insurance operations and Bank BPH mortgage portfolio in Poland. The filing itself is a furnished Item 2.02 disclosure, so the earnings release is not deemed 'filed' under Section 18 of the Exchange Act.

Jul 16, 2026 10-Q

GENERAL ELECTRIC CO Quarterly Report for Q2 Ended Jun 30, 2026

General Electric Company (GE) reported strong top-line growth in its second quarter of 2026, with total revenue increasing by 21% year-over-year to $13.3 billion, driven by robust performance in both equipment and services within its Commercial Engines & Services (CES) segment. Net income from continuing operations also saw a healthy increase of $0.4 billion, reflecting improved segment profit. The company's Commercial Engines & Services segment is experiencing significant demand for its engines and aftermarket services, supported by strategic investments in manufacturing and overhaul capabilities. The Defense & Propulsion Technologies (DPT) segment also contributed positively, with revenue up 16% due to increased volume and pricing. The company continues to manage supply chain challenges and inflationary pressures by leveraging its FLIGHT DECK operating model and collaborating with suppliers. GE Aerospace is also investing in domestic manufacturing, planning to invest $1 billion in U.S. facilities and hire 5,000 workers in 2026. The company demonstrated strong liquidity with $9.3 billion in cash, cash equivalents, and restricted cash, and maintained a disciplined capital allocation strategy, including significant share repurchases totaling $2.0 billion in the quarter. Overall, GE Aerospace presented a positive financial update with strong operational execution and strategic investments for future growth.

Jul 16, 2026 8-K

GENERAL ELECTRIC CO 8-K Report, Bylaw Amendment (Jun 25, 2026)

General Electric Company (GE), now operating as GE Aerospace, announced on June 25, 2026, significant amendments to its By-Laws, effective immediately. These changes are primarily focused on corporate governance and shareholder engagement procedures, particularly concerning the nomination of directors and proxy solicitations. Key among these amendments are enhanced requirements for shareholder nominations, aligning with Rule 14a-19 of the Securities Exchange Act of 1934. The By-Laws now also specify requirements for the accuracy of nomination information as of the record date and ten business days prior to the meeting. Additionally, shareholders soliciting proxies will be required to use a proxy card color other than white. The company has also established exclusive forum provisions for legal proceedings, designating New York courts for certain state-level corporate law claims and federal courts for claims under the Securities Act of 1933.

Jun 25, 2026 8-K

GENERAL ELECTRIC CO 8-K Report, Executive Changes (Jun 11, 2026)

GE Aerospace (NYSE: GE) filed a Form 8-K on June 11, 2026 to disclose that its Board of Directors elected Judson Althoff to the Board, effective June 24, 2026. The Board determined that Mr. Althoff is independent under NYSE listing standards and the Company's Governance Principles. Per the filing, the Board will increase its size to accommodate the appointment. He has not yet been assigned to any Board committees. Mr. Althoff currently serves as CEO of Microsoft's Commercial Business, a role he has held while overseeing product strategy, sales, service, support, marketing, and operations. He previously served as President of Microsoft North America after joining in 2013, and held senior sales roles at Oracle and EMC. He also sits on the board of Ecolab. Chairman and CEO H. Lawrence Culp, Jr. stated that his experience with technology and AI transformation will support the acceleration of GE Aerospace's FLIGHT DECK initiative and its expanded use of artificial intelligence. For investors, this is a governance and strategic-talent event rather than a financial one. The filing contains no financial results, guidance, or changes to operations. Its relevance lies in the addition of a director with significant enterprise software and AI go-to-market experience, and in the Board's continued emphasis on AI as a driver of customer and shareholder value. Investors may wish to monitor future committee assignments and any related-party or compensation disclosures in subsequent proxy materials.

Jun 11, 2026 8-K

GENERAL ELECTRIC CO 8-K Report, Executive Changes (May 7, 2026)

General Electric Company, operating as GE Aerospace, held its annual shareholders meeting on May 5, 2026. The meeting saw strong shareholder support for key management proposals, including the election of all director nominees, the advisory vote on executive compensation ("Say on Pay"), the amendment and restatement of the 2022 Long-Term Incentive Plan (LTIP), and the ratification of Deloitte & Touche LLP as the independent auditor for 2026. Notably, shareholders approved the Amended LTIP, which decreases the number of shares reserved for issuance to 50 million and extends the plan's term to 2036. However, a shareholder proposal requesting a report on defense-related products did not receive majority approval. The results indicate continued confidence in the company's leadership and existing compensation and incentive structures, while also reflecting a sentiment that further reporting on defense products was not deemed necessary by the majority of shareholders at this time.

May 7, 2026 8-K

GENERAL ELECTRIC CO 8-K Report, Financial Results (Apr 21, 2026)

GE Aerospace (General Electric Company) reported first-quarter 2026 results on April 21, 2026, and the headline is strong commercial demand. Total orders rose 87% to $23.0B, and adjusted revenue grew 29% to $11.6B (GAAP revenue $12.4B, up 25%). Adjusted EPS rose 25% to $1.86 and free cash flow rose 14% to $1.66B. Commercial Engines & Services (CES) drove the quarter, with revenue up 34% to $8.9B, services up 39%, and orders of $17.3B, up 93%. Defense & Propulsion Technologies (DPT) revenue grew 19% to $3.2B, with orders up 67%. Profitability was more mixed. GAAP profit fell 2% to $2.2B and GAAP margin contracted 490 bps to 17.7%, largely because of a $309M pre-tax loss on retained and sold ownership interests and other equity securities. Operating profit (non-GAAP) rose 18% to $2.5B, but operating margin fell 200 bps to 21.8%, reflecting install-base growth (including GE9X), investments, and mix. CES margin fell 230 bps to 26.4%, and DPT margin slipped 20 bps to 11.8%. Management held full-year 2026 guidance across the board (adjusted revenue growth low-double-digits, operating profit $9.85B-$10.25B, adjusted EPS $7.10-$7.40, FCF $8.0B-$8.4B) and said it is now trending toward the high end of the range. Guidance assumes elevated Brent crude through Q3, a near-term fuel-availability impact, lower global GDP estimates, and flat to low-single-digit departures growth, but does not assume a global recession. Management cited a $170B commercial services backlog as support for the outlook.

Apr 21, 2026 10-Q

GENERAL ELECTRIC CO Quarterly Report for Q1 Ended Mar 31, 2026

General Electric Company (GE Aerospace) reported a strong first quarter for 2026, demonstrating significant revenue growth and stable net income from continuing operations. Total revenue surged by 25% year-over-year, driven by a substantial increase in both equipment and services revenue within the Commercial Engines & Services (CES) segment. The Defense & Propulsion Technologies (DPT) segment also experienced robust growth in both revenue and profit. The company's strategic focus on ramping up services and equipment, alongside investments in manufacturing and supply chain capacity, is yielding positive results. Despite ongoing supply chain challenges and inflationary pressures, GE Aerospace's operational execution, supported by its FLIGHT DECK lean operating model, has enabled consistent improvement in deliveries and aftermarket output. The company maintained a healthy liquidity position with $11.0 billion in cash, cash equivalents, and restricted cash. Shareholder returns remain a priority, with continued share repurchases executed under a new, larger authorization. Credit ratings have also seen positive developments, with Moody's upgrading GE Aerospace's long-term rating and S&P revising its outlook to positive. The company's significant Remaining Performance Obligation (RPO) of over $211 billion signals strong future revenue visibility, particularly within the services segment.

Apr 21, 2026 10-K

GENERAL ELECTRIC CO Annual Report, Year Ended Dec 31, 2025

GE Aerospace demonstrated robust financial performance in 2025, driven by strong revenue growth across both its Commercial Engines & Services (CES) and Defense & Propulsion Technologies (DPT) segments. Total revenue surged by 18% year-over-year, reaching $45.9 billion, with CES sales up 24% and DPT sales up 11%. This growth was fueled by increased engine deliveries, a healthy demand for aftermarket services, and strategic contract wins in the defense sector. Profitability also saw significant improvement, with net income from continuing operations attributable to common shareholders increasing to $8.6 billion. The company's free cash flow generation was substantial at $7.7 billion, supporting share repurchases and investments in future growth. GE Aerospace continues to invest heavily in research and development, particularly in next-generation technologies like the RISE program, positioning itself for long-term innovation and market leadership. The company also benefited from positive credit rating upgrades, reflecting its improved financial health.

Jan 29, 2026 8-K

GENERAL ELECTRIC CO 8-K Report, Financial Results (Jan 22, 2026)

GE Aerospace (NYSE: GE) closed 2025 with a strong fourth quarter and full year, reporting total orders of $66.2B for the year (+32%) and GAAP revenue of $45.9B (+18%). Adjusted revenue, which excludes run-off insurance, rose 21% to $42.3B. Full-year GAAP profit grew 31% to $10.0B, operating profit rose 25% to $9.1B, and adjusted EPS increased 38% to $6.37. Free cash flow reached $7.7B (+24%), with FCF conversion of 113%. The company cited a backlog of roughly $190 billion and attributed growth to higher services volumes, record LEAP deliveries (+28%), and improved material availability from priority suppliers. For 2026, management guided to low-double-digit adjusted revenue growth, operating profit of $9.85B to $10.25B, adjusted EPS of $7.10 to $7.40, and FCF of $8.0B to $8.4B with conversion above 100%. The company also reorganized its segments: the Aeroderivative business moved from Commercial Engines & Services to Defense & Propulsion Technologies, and Technology & Operations was folded into CES. Segment guidance calls for CES operating profit of $9.6B to $9.9B and DPT operating profit of $1.55B to $1.65B, with corporate costs of $(1.2)B to $(1.3)B. Investors should note that Q4 CES margins contracted 420 basis points to 24.0%, driven by lower spare engine ratio, higher install deliveries including GE9X, and higher R&D. Total Q4 operating margin also fell 90 basis points. Adjusted EPS and FCF rely on non-GAAP adjustments, and the filing states that GAAP reconciliations for 2026 guidance cannot be provided without unreasonable effort due to uncertain gains, mark-to-market effects on BETA Technologies, and restructuring timing. This is a Form 8-K furnishing the earnings release under Item 2.02; the information is not deemed filed under the Exchange Act.

Jan 22, 2026 8-K

GENERAL ELECTRIC CO 8-K Report, Executive Changes (Jan 15, 2026)

GE Aerospace (NYSE: GE) filed this 8-K on January 15, 2026 to disclose a senior leadership reshuffle in its Commercial Engines and Services (CES) business. Mohamed Ali, currently Chief Technology and Operations Officer, will become President and CEO of CES effective February 1, 2026. His remit expands to cover the full commercial engine lifecycle, absorbing the T&O organization's safety and quality, product management, engineering, supply chain, manufacturing, and aftermarket functions. Russell Stokes, the current CES CEO with 29 years of service, will step into an advisory role and retire effective July 31, 2026. For investors, the filing is primarily an organizational and succession update rather than a financial disclosure. The filing does not report financial results or guidance. Consolidating engineering, manufacturing, supply chain, and safety under one leader could improve execution and accountability across the engine franchise, but the benefits will depend on implementation and are not quantified. Stokes's departure package is modest in scope, with a prorated 2026 bonus tied to actual performance, forfeiture of most unvested equity, and accelerated vesting of only the time-based portion of his 2024 grants that were otherwise due in May 2027. Stokes is also subject to release, cooperation, confidentiality, non-compete, and non-solicit covenants. The announcement also named Jason Tonich Chief Commercial Sales & Customer Officer, leading a new integrated sales and customer experience organization that reports directly to Chairman and CEO H. Lawrence Culp, Jr. The company stated it will report fourth-quarter and full-year 2025 earnings on January 22, 2026, which will be the more material event for investors evaluating the business.

Jan 15, 2026 8-K

GENERAL ELECTRIC CO 8-K Report, Financial Results (Oct 21, 2025)

GE Aerospace (General Electric Company) reported third-quarter 2025 results on October 21, 2025, with strong top-line and earnings growth and a raised full-year outlook across the board. Total GAAP revenue rose 24% to $12.2B and adjusted revenue rose 26% to $11.3B, while GAAP profit grew 33% to $2.5B and adjusted EPS grew 44% to $1.66. Free cash flow reached $2.4B, up 30%, and represented roughly 134% conversion. Total orders were $12.8B, up 2%. Commercial Engines & Services drove the quarter, with revenue up 27%, services up 28%, and operating margin expanding 170 bps to 27.4%. Defense & Propulsion Technologies revenue grew 26% and operating margin expanded 380 bps to 13.6%, though orders fell 5% on timing. Management raised 2025 guidance: adjusted revenue growth is now high-teens (from mid-teens), operating profit is $8.65-8.85B (from $8.2-8.5B), adjusted EPS is $6.00-6.20 (from $5.60-5.80), and FCF is $7.1-7.3B (from $6.5-6.9B). The company credited material input from priority suppliers up more than 35% year over year, which lifted engine deliveries (LEAP deliveries up 40%) and services output. Investors should note that the filing furnishes the earnings release under Item 2.02 rather than filing it, and that adjusted (non-GAAP) metrics exclude insurance operations, restructuring, separation costs and gains/losses on dispositions, so GAAP results should be weighed alongside them. The quarter also included new engine wins, such as Korean Air's order for 103 Boeing aircraft with GEnx, GE9X and LEAP-1B engines, an expanded Cathay Pacific GE9X commitment to more than 70 engines, and a new BETA Technologies partnership on a hybrid electric turbogenerator. Board member Wesley G. Bush was also elected effective December 1, 2025.

Oct 21, 2025 10-Q

GENERAL ELECTRIC CO Quarterly Report for Q3 Ended Sep 30, 2025

General Electric Company (GE) reported a strong third quarter of 2025, demonstrating robust top-line growth and improved profitability across its core aerospace segments. Total revenue surged by 24% year-over-year, driven by a significant increase in both equipment and services revenue, reflecting higher engine deliveries, improved pricing, and increased shop visit volumes. The company's backlog, as measured by Remaining Performance Obligation (RPO), also saw a healthy increase, indicating sustained demand for its products and services. Profitability improved considerably, with net income from continuing operations rising by $0.5 billion. Adjusted EPS saw a substantial increase of 44%, underscoring operational efficiencies and effective cost management. GE Aerospace's commitment to returning capital to shareholders is evident through continued share repurchases, and the company's credit ratings have been upgraded by Moody's and S&P, reflecting its strengthened financial position. While supply chain constraints and inflation remain factors, GE Aerospace appears to be effectively navigating these challenges, positioning itself for continued growth.

Oct 21, 2025 8-K

GENERAL ELECTRIC CO 8-K Report, Executive Changes (Oct 1, 2025)

GE Aerospace (NYSE: GE) filed an 8-K on October 1, 2025 to disclose two board changes under Item 5.02. The Board elected Wesley G. Bush, former Chairman and CEO of Northrop Grumman, as a director effective December 1, 2025. Bush was determined to be independent under NYSE standards and was appointed to the Audit Committee. The Board also approved a temporary increase in its size to seat Bush, with a corresponding decrease once Stephen Angel leaves. Angel plans to resign from the Board effective December 4, 2025, after being named President and CEO of CSX Corp. Upon his departure, Catherine Lesjak will become Chair of the Management Development & Compensation Committee, and Thomas Horton will become Chair of the Governance & Public Affairs Committee. The company's press release frames Angel's departure as following his commitment to separating GE Aerospace and GE Vernova into standalone public companies. For investors, this is a routine governance update with no disclosed financial impact, compensation changes beyond the standard independent director program, or change in operating outlook. The filing signals continuity in the board's leadership structure, with a new director bringing extensive aerospace and defense experience and a smooth committee leadership transition.

Oct 1, 2025 8-K

GENERAL ELECTRIC CO 8-K Report, Corporate Update (Jul 29, 2025)

General Electric Company (GE), operating as GE Aerospace, has successfully closed a significant public offering of debt, raising a total of $2 billion. The offering comprised $1 billion in 4.300% Notes due 2030 and $1 billion in 4.900% Notes due 2036. These new notes were issued under an established indenture agreement, as supplemented by recent company orders and officer's certificates. This move indicates GE Aerospace's strategy to secure long-term financing, potentially to fund operations, strategic initiatives, or refinance existing debt. Investors should note the specific coupon rates and maturity dates, which provide insight into the company's cost of capital and future financial obligations.

Jul 29, 2025 8-K

GENERAL ELECTRIC CO 8-K Report, Corporate Update (Jul 24, 2025)

General Electric Company (GE), operating as GE Aerospace, announced on July 23, 2025, the successful issuance and sale of $2 billion in aggregate principal amount of senior notes. This offering includes $1 billion of 4.300% Notes due 2030 and $1 billion of 4.900% Notes due 2036. The issuance was conducted under the company's existing shelf registration statement, demonstrating GE Aerospace's ability to access capital markets effectively. This strategic move to raise debt capital is likely intended to fund ongoing operations, potential acquisitions, or further invest in its aerospace business. The fixed interest rates for both tranches of notes provide certainty regarding future interest expenses. Investors should note that this filing primarily pertains to the debt issuance and does not include an update on operational performance or financial results beyond the context of this capital-raising activity.

Jul 24, 2025 10-Q

GENERAL ELECTRIC CO Quarterly Report for Q2 Ended Jun 30, 2025

General Electric Company (GE) reported strong financial performance for the second quarter of 2025, driven by significant revenue growth in its core Aerospace segment. Total revenue increased by 21% year-over-year, reaching $11.023 billion, fueled by robust demand for both equipment and services. The company's net income from continuing operations saw a substantial jump to $2.008 billion, up from $1.320 billion in the prior year's quarter, reflecting improved segment profitability and favorable adjustments. This quarter also saw GE's credit ratings upgraded by both Moody's and S&P, indicating enhanced financial stability and market confidence. The company continues to execute its strategic priorities, including investing in manufacturing capacity and innovation for future flight technologies, while also managing macroeconomic challenges such as supply chain disruptions and inflation. The strong financial results and positive credit outlook provide a solid foundation as GE Aerospace focuses on driving shareholder value and continued operational excellence.

Jul 21, 2025 8-K

GENERAL ELECTRIC CO 8-K Report, Financial Results (Jul 17, 2025)

GE Aerospace (NYSE: GE) reported second-quarter 2025 results on July 17, 2025, alongside an investor update that raised both its 2025 guidance and its 2028 outlook. Total GAAP revenue rose 21% to $11.0B, and continuing EPS rose 56% to $1.87. Adjusted revenue grew 23% to $10.2B, adjusted EPS grew 38% to $1.66, and free cash flow nearly doubled to $2.1B (up 92%). Management attributed the strength to operational improvements at priority suppliers, services growth in Commercial Engines & Services (CES), and a backlog of roughly $175B. The company raised its 2025 adjusted revenue growth outlook to mid-teens (from low-double-digits), operating profit to $8.2-$8.5B (from $7.8-$8.2B), adjusted EPS to $5.60-$5.80 (from $5.10-$5.45), and FCF to $6.5-$6.9B (from $6.3-$6.8B). For 2028, it now targets roughly $11.5B of operating profit, about $8.5B of free cash flow, and about $8.40 of adjusted EPS, with both operating profit and FCF targets up $1.5B from the prior 2024 Investor Day outlook. Shareholder returns are also set to rise 20% over 2024-2026 to about $24B, with at least 70% of FCF returned beyond 2026, subject to board approval. The key watch items are execution risk on the 2028 targets, the 2025 margin trajectory (operating profit margin was down 10 bps in the quarter), and ongoing exposure to tariffs, supply chain constraints, and the run-off insurance and Bank BPH capital needs flagged in the forward-looking statements. Investors should also note that the earnings-release document carries a furnished rather than filed status under Item 2.02, so the results are not subject to Section 18 liability.

Jul 17, 2025 8-K

GENERAL ELECTRIC CO 8-K Report, Shareholder Vote Results (May 9, 2025)

This 8-K filing from General Electric Company (GE) reports on the outcomes of its Annual Shareholders Meeting held on May 6, 2025. The key takeaway for investors is the strong shareholder support for the company's board of directors and executive compensation, indicating confidence in current leadership and strategic direction. All director nominees were elected, and the "Say on Pay" advisory vote received a significant majority of favorable votes, signaling shareholder approval of executive compensation practices. Furthermore, the appointment of Deloitte & Touche LLP as the independent auditor for 2025 was overwhelmingly ratified, which is a standard but important procedural vote that reinforces financial transparency and oversight. However, a shareholder proposal requesting a vote on severance payments did not receive majority approval, suggesting that shareholders are content with the current policies regarding executive severance or do not see it as a priority for direct voting. Overall, the meeting's results point to a stable shareholder base that is aligned with GE Aerospace's management and governance, which can be viewed positively by investors seeking continuity and predictable execution. The high vote counts for director elections and 'Say on Pay' suggest that the company's engagement with its shareholders on these matters has been effective.

May 9, 2025 10-Q

GENERAL ELECTRIC CO Quarterly Report for Q1 Ended Mar 31, 2025

General Electric Company (GE) reported a strong first quarter for 2025, demonstrating robust growth driven primarily by its GE Aerospace segment. Total revenue increased by 11% year-over-year to $9.9 billion, with significant contributions from both equipment and services. Net income from continuing operations attributable to common shareholders rose to $1.97 billion, translating to a diluted EPS of $1.83, up from $1.58 in the prior year period. This performance was bolstered by increased segment profit, particularly in Commercial Engines & Services, despite ongoing supply chain challenges impacting engine deliveries. The company also highlighted progress in its strategic priorities, including investments in U.S. manufacturing and a focus on future flight technologies through initiatives like the RISE program. Liquidity remains strong, with $12.4 billion in cash, cash equivalents, and restricted cash. Furthermore, GE Aerospace saw credit rating upgrades from both Moody's and S&P, reflecting its improved financial standing and outlook. Shareholder returns were also a focus, with $1.9 billion in share repurchases executed in the quarter.

Apr 22, 2025 8-K

GENERAL ELECTRIC CO 8-K Report, Financial Results (Apr 22, 2025)

GE Aerospace (NYSE: GE) reported first-quarter 2025 results on April 22, 2025, showing strong top-line and earnings momentum with total orders of $12.3B (+12%), GAAP revenue of $9.9B (+11%), and adjusted revenue of $9.0B (+11%). Adjusted EPS rose 60% to $1.49 and operating profit increased 38% to $2.1B, with operating margin expanding 460 bps to 23.8%. Growth was driven primarily by Commercial Engines & Services, where services revenue rose 17% and segment margins expanded 420 bps to 27.5%. Free cash flow declined 14% to $1.4B and GAAP operating cash flow fell 5% to $1.5B, a softer cash picture that investors should monitor against full-year targets. Management maintained full-year 2025 guidance, including adjusted revenue growth in the low-double-digits (LDD), operating profit of $7.8-$8.2B, adjusted EPS of $5.10-$5.45, and FCF of $6.3-$6.8B. The guidance now reflects the impact of announced tariffs net of mitigation actions, lower CFM departure growth (low-single-digits versus prior mid-single-digits), and delayed spare engine deliveries, and it excludes further tariff escalation or a global recession. Management highlighted supply chain constraints as a key operational challenge, with commercial services backlog exceeding $140B. Note that the filing itself is a furnished Item 2.02 report, so the earnings release is not deemed filed under Section 18 of the Exchange Act. The quarter reflects a strong demand environment and execution on pricing and services, offset by macro risks including tariffs, supply constraints, and a flat Defense & Propulsion Technologies orders profile. Investors should weigh the robust earnings improvement against cash flow pressure and the company's reliance on maintaining guidance amid a volatile trade environment.

Apr 22, 2025 10-K

GENERAL ELECTRIC CO Annual Report, Year Ended Dec 31, 2024

General Electric Company (GE Aerospace) reported robust revenue growth for the fiscal year ending December 31, 2024, with total revenue reaching $38.7 billion, an increase of 9% year-over-year. This growth was primarily driven by the Commercial Engines & Services segment, which saw a 13% increase in revenue, fueled by higher spare parts volume, improved pricing, and increased shop visit workscope. The Defense & Propulsion Technologies segment also contributed positively with a 6% revenue increase. The company generated significant free cash flow of $6.1 billion in 2024, an increase from $4.7 billion in the prior year, reflecting strong operational performance and disciplined capital allocation. GE Aerospace also announced a new $15 billion share repurchase authorization, underscoring its commitment to returning capital to shareholders. Despite supply chain constraints impacting new engine deliveries, the company's extensive remaining performance obligation of $171.6 billion highlights strong future demand across its business segments.

Feb 3, 2025 8-K

GENERAL ELECTRIC CO 8-K Report, Financial Results (Jan 23, 2025)

GE Aerospace (formerly General Electric, reporting as a standalone aerospace company) released fourth-quarter and full-year 2024 results on January 23, 2025, showing strong demand and robust cash generation. Q4 2024 orders rose 46% to $15.5B, GAAP revenue grew 14% to $10.8B, and continuing GAAP EPS more than doubled to $1.75 (up 62% year over year on a GAAP basis, with adjusted EPS of $1.32, up 103%). Full-year 2024 adjusted revenue grew 10% to $35.1B, operating profit rose 30% to $7.3B with a 20.7% margin, and free cash flow increased 28% to $6.1B. Reported full-year GAAP profit fell 27% to $7.6B, largely because 2023 included large gains on equity interests and the separation-related divestiture effects, so investors should focus on the adjusted metrics for comparability. Management guided 2025 to adjusted revenue growth in the low double digits, operating profit of $7.8-$8.2B, adjusted EPS of $5.10-$5.45, and free cash flow of $6.3-$6.8B with conversion above 100%. Commercial Engines & Services is expected to grow revenue in the mid-teens, while Defense & Propulsion Technologies is guided to mid-to-high single-digit growth. The company also announced $7 billion in share repurchase plans for 2025 and a proposed 30% dividend increase, subject to Board approval, following more than $6 billion returned to shareholders in 2024. The balance sheet shows total assets declining to $123.1B from $173.3B, mainly due to discontinued operations being classified separately after the spin-offs, and total shareholders' equity falling to $19.3B. Investors should monitor the run-off insurance liabilities, the Bank BPH mortgage portfolio exposure, supply chain constraints that management is addressing through its FLIGHT DECK operating model, and execution against the aggressive 2025 targets.

Jan 23, 2025 8-K

GENERAL ELECTRIC CO 8-K Report, Financial Results (Oct 22, 2024)

GE Aerospace (formerly General Electric, now operating as a standalone aerospace company) reported strong third-quarter 2024 results on October 22, 2024, led by a 28% jump in total orders to $12.6 billion and 25% growth in adjusted EPS to $1.15. GAAP revenue rose 6% to $9.8 billion, and GAAP continuing EPS was $1.56, inflated by gains on retained equity interests (notably GE HealthCare) and a Dolby licensing sale. Adjusted revenue grew 6% to $8.9 billion, operating profit increased 14% to $1.8 billion, and operating margin expanded 150 basis points to 20.3%. Free cash flow reached $1.8 billion, up 5%, and year-to-date FCF of $4.6 billion was up 31%. Growth was driven primarily by the Commercial Engines & Services segment, where orders rose 29% and segment margin expanded 180 basis points to 25.7%. Management raised full-year 2024 guidance for operating profit to $6.7–$6.9 billion (from $6.5–$6.8 billion), adjusted EPS to $4.20–$4.35 (from $3.95–$4.20), and FCF to $5.6–$5.8 billion (from $5.3–$5.6 billion). The Defense & Propulsion Technologies segment was a weaker spot: segment profit fell 18% to $220 million and margin contracted 240 basis points, and management now expects that segment's operating profit to land at the low end of its $1.0–$1.3 billion range. Investors should also note several one-time items: a $251 million non-cash goodwill impairment at Colibrium Additive, a $328 million pre-tax charge to settle a legacy shareholder lawsuit in principle, and $378 million in restructuring charges. Supply chain constraints remain the key operational risk, as engine deliveries improved over 20% sequentially but the company still has work to do on supplier output and aftermarket capacity.

Oct 22, 2024 10-Q

GENERAL ELECTRIC CO Quarterly Report for Q3 Ended Sep 30, 2024

General Electric Company (GE), now operating as GE Aerospace, reported solid third-quarter 2024 results, demonstrating a clear path forward post-spin-off of GE Vernova. Total revenues for the quarter rose to $9.8 billion, a 6% increase year-over-year, driven primarily by growth in the Commercial Engines & Services segment. This segment saw an 8% revenue increase, fueled by higher spare parts volume and improved pricing, underscoring the strong demand in commercial air travel. The Defense & Propulsion Technologies segment also showed resilience with a 2% revenue increase, supported by modernization efforts in defense budgets. Profitability improved significantly, with reported profit reaching $1.9 billion. Adjusted earnings per share stood at $1.15, reflecting the company's ongoing operational efficiencies and strategic focus. The company also reported strong free cash flow generation of $4.6 billion for the nine months ended September 30, 2024, indicating robust financial health and the ability to return value to shareholders. The significant increase in Remaining Performance Obligation (RPO) to $166.1 billion highlights a strong backlog and sustained future revenue visibility, particularly in services.

Oct 22, 2024 10-Q

GENERAL ELECTRIC CO Quarterly Report for Q2 Ended Jun 30, 2024

General Electric Company (GE), now operating as GE Aerospace, reported solid financial results for the second quarter of 2024, demonstrating resilience and strategic progress post-GE Vernova separation. Total revenues increased to $9.1 billion, driven by a strong performance in the Commercial Engines & Services (CES) segment, which saw higher shop visit volumes and pricing. The Defense & Propulsion Technologies segment also exhibited growth, supported by government defense spending and increased demand for services. The company's strategic focus on innovation, particularly in sustainable flight technologies through initiatives like the RISE program, remains a key area of investment. GE Aerospace also continued its capital return program, repurchasing $1.9 billion in common stock during the quarter under a new $15 billion authorization. While the separation of GE Vernova has simplified the company's structure and allowed for focused operations within aerospace, the financial statements reflect the impact of discontinued operations. However, ongoing operational improvements and cost management measures are evident, as reflected in the increase in free cash flow to $2.8 billion for the first six months of the year. The company maintains a strong liquidity position and has received positive outlooks from credit rating agencies, indicating financial stability and confidence in its future strategy.

Jul 23, 2024 8-K

GENERAL ELECTRIC CO 8-K Report, Financial Results (Jul 23, 2024)

GE Aerospace (formerly General Electric Company, NYSE: GE) reported second-quarter 2024 results on July 23, 2024, showing strong operating momentum. Total orders rose 18% to $11.2B, and adjusted revenue grew 4% to $8.2B. Operating profit increased 37% to $1.9B, lifting the operating profit margin 560 bps to 23.1%. GAAP profit fell 4% to $1.4B, and GAAP profit margin declined 130 bps to 15.9%, largely reflecting lower gains and the mark-to-market effects of non-operating items. Free cash flow rose 17% to $1.1B, and adjusted EPS more than doubled from $0.74 to $1.20 on a year-over-year basis. The company raised its full-year 2024 guidance. Adjusted revenue growth is now expected to be high-single-digits, up from low-double-digits-plus previously. Operating profit guidance moved to $6.5B-$6.8B from $6.2B-$6.6B, adjusted EPS to $3.95-$4.20 from $3.80-$4.05, and free cash flow to $5.3B-$5.6B from over $5B. Commercial Engines & Services drove the strength, with segment orders up 38% and segment margin expanding 320 bps to 27.4%, supported by services growth of 14%. Equipment revenue fell 11% on lower shipments, a notable offset that management is addressing through its FLIGHT DECK supply-chain initiative. Capital allocation remained active. GE initiated a quarterly dividend of $0.28 in April and repurchased about 13.9 million shares for $2.3B in the quarter, including $1.9B under its $15B program. The company also continued exiting non-core assets, completing the sale of Electric Insurance and agreeing to sell GE Licensing. Investors should note that the company is furnishing rather than filing this information under Item 2.02, and that GAAP results include significant non-operating items, so the non-GAAP measures should be reviewed alongside GAAP figures.

Jul 23, 2024 8-K

GENERAL ELECTRIC CO 8-K Report, Executive Changes (Jul 1, 2024)

General Electric Company (GE), operating as GE Aerospace, announced a new employment agreement for its Chairman and CEO, H. Lawrence Culp, Jr., extending his tenure through December 31, 2027, with a potential extension to December 31, 2028. This decision reflects the Board's confidence in Mr. Culp's leadership, recognizing significant value creation since his appointment in 2018 and aiming to ensure continuity during a critical period for the company. The new agreement also outlines Mr. Culp's compensation package, which includes an increased base salary, a target annual bonus of 200% of base salary, and significant annual equity awards beginning in 2025. A key component is a one-time, exclusively performance-based equity award in the form of Performance Stock Units (PSUs), tied to achieving a compound annual growth rate in adjusted Earnings Per Share (EPS CAGR) over four fiscal years ending December 31, 2027. The performance targets are aligned with the company's long-term operating profit guidance, underscoring a focus on long-term value creation and shareholder alignment.

Jul 1, 2024 8-K

GENERAL ELECTRIC CO 8-K Report, Regulation FD Disclosure (Jun 21, 2024)

On April 2, 2024, General Electric completed the separation of GE Vernova, its energy business, through a pro rata spin-off distributed to shareholders at one GE Vernova share for every four GE shares held on March 19, 2024. GE Vernova began trading on the NYSE as "GEV" that day, and the company no longer consolidates it. The remaining company now operates as GE Aerospace, organized into two reportable segments: Commercial Engines and Services (CES) and Defense and Propulsion Technologies (DPT). Historical GE Vernova results will be reported as discontinued operations beginning in Q2 2024. This 8-K is an informational filing that furnishes preliminary, unaudited supplemental financials (Exhibit 99.1) recasting Q1 2024 and the 2023 quarterly segment revenues to reflect GE Vernova as discontinued operations. It does not restate previously reported financial statements. On a revised basis, Q1 2024 total revenues were approximately $9.0 billion versus $16.1 billion as originally reported, and continuing-operations earnings were about $1.7 billion (diluted EPS of $1.58 vs. $1.38 as reported). Adjusted earnings were about $1.0 billion, or $0.93 per share, after excluding a $0.6 billion gain on retained and sold ownership interests, which is a notable non-recurring contributor. Free cash flow was about $1.7 billion, aided by the exclusion of separation cash costs. Investors should note that the reported Q1 earnings are flattered by one-time gains and that the recast revenue base is much smaller, so year-over-year comparisons must be made on the new continuing-operations basis. The balance sheet shows cash of about $16.4 billion from continuing operations after the separation, with GE Vernova's assets and liabilities removed. Forward-looking risks cited include macroeconomic conditions, supply chain disruptions, interest rates, equity values (notably the GE HealthCare stake), commodity prices, and capital allocation decisions on dividends and buybacks.

Jun 21, 2024 8-K

GENERAL ELECTRIC CO 8-K Report, Shareholder Vote Results (May 10, 2024)

This 8-K filing from General Electric Company (GE) details the outcomes of its Annual Shareholders Meeting held on May 7, 2024. The meeting saw the overwhelming approval of GE's nominated directors, the advisory "Say on Pay" vote for executive compensation, and the ratification of Deloitte & Touche LLP as the independent auditor for 2024. These results indicate strong shareholder confidence in the current board and leadership's financial oversight. However, two significant shareholder proposals, one seeking an independent chairman and another requesting a report on risks from voluntary carbon-reduction commitments, did not gain majority support. The overwhelming election of all director nominees and the approval of executive compensation suggest that the majority of shareholders are satisfied with the company's strategic direction and governance under the current leadership. The ratification of the auditor further solidifies confidence in the company's financial reporting integrity. The rejection of the shareholder proposals, particularly the one concerning an independent chairman, implies that a majority of shareholders believe the current board structure is adequate or that the proposed change is not necessary at this time.

May 10, 2024 10-Q

GENERAL ELECTRIC CO Quarterly Report for Q1 Ended Mar 31, 2024

General Electric (GE) has completed the separation of its GE Vernova business, now operating solely as GE Aerospace. The first quarter of 2024 reflects this transition, with total revenues reaching $16.1 billion, an 11% increase year-over-year, driven by strong performance across all segments. Aerospace, a key segment, saw a 16% revenue increase to $8.1 billion, benefiting from robust commercial air travel and defense sector demand. While the company reported a net loss attributable to GE common shareholders of $1.5 billion for the quarter, this was largely impacted by a significant decrease in gains from sold ownership interests, particularly related to its GE HealthCare stake, and increased separation costs. Excluding these one-time items, adjusted earnings per share were $0.82. The company's free cash flow showed a substantial improvement, reaching $0.9 billion, up from $0.1 billion in the prior year, indicating improved operational cash generation post-separation. GE Aerospace is navigating ongoing inflationary pressures and supply chain challenges by implementing cost productivity measures and price adjustments. The company's outlook remains positive, with continued investment in R&D for sustainable flight technologies. The financial position remains solid, with $18.4 billion in cash, cash equivalents, and restricted cash. Looking ahead, GE Aerospace plans to return a majority of its free cash flow to shareholders through dividends and share repurchases, underscoring a commitment to shareholder value creation following its strategic transformation.

Apr 23, 2024 8-K

GENERAL ELECTRIC CO 8-K Report, Financial Results (Apr 23, 2024)

General Electric (operating as GE Aerospace) released first-quarter 2024 results on April 23, 2024, and the filing is notable mainly for the restructuring around the April 2, 2024 spin-off of GE Vernova. The consolidated figures still include GE Vernova: total orders rose 14% to $20.1B, GAAP revenue grew 11% to $16.1B, and GAAP continuing EPS fell to $1.38 from $5.56 a year earlier, largely because the prior-year period included large gains on GE HealthCare-related equity interests. Adjusted EPS rose to $0.82 from $0.27, and free cash flow reached $0.9B versus $0.1B. The standalone GE Aerospace figures are the cleaner read on the go-forward business. Orders were $11.0B (+34%), adjusted revenue $8.1B (+15%), operating profit $1.5B (+24%), and operating margin 19.1% (+140 bps), with free cash flow of $1.7B. Growth was driven by pricing, spare parts volume, and widebody and defense deliveries. Management raised its full-year 2024 adjusted EPS outlook to $3.80–$4.05 and its operating profit outlook to $6.2B–$6.6B, from $6.0B–$6.5B. Free cash flow guidance of over $5B was unchanged. Capital allocation and strategy items included $2.6B of proceeds from monetizing part of the GE HealthCare stake, about 1.1 million shares repurchased for $0.1B under a $3B program, and a planned $15B buyback plus a higher dividend announced at Investor Day. Pre-tax separation costs were $0.4B in the quarter. The company also set a 2028 operating profit target of $10B. Note that the Investor Day items are described in the release rather than in the 8-K body, and the GE Aerospace figures are preliminary, unaudited supplemental information.

Apr 23, 2024 8-K

GENERAL ELECTRIC CO 8-K Report, Regulation FD Disclosure (Apr 11, 2024)

On April 2, 2024, General Electric completed the spin-off of GE Vernova, its energy business, and the remaining company now operates as GE Aerospace. GE shareholders of record on March 19, 2024 received one GE Vernova share (ticker GEV, NYSE) for every four GE shares held, with cash paid in lieu of fractional shares. GE Vernova is no longer consolidated, and its historical results will be reported as discontinued operations beginning in Q2 2024. The Company will report two segments going forward: Commercial Engines and Services, and Defense and Propulsion Technologies. This 8-K furnishes preliminary, unaudited supplemental 2023 financials recast to remove GE Vernova. On that basis, 2023 total revenues were $35.3B versus $68.0B as reported, and adjusted revenues (excluding Insurance and the Renewable Energy and Power businesses) were $32.0B. Revised 2023 segment revenue was $32.8B, with Commercial Engines and Services at $23.9B and Defense and Propulsion Technologies at $9.0B. Segment profit was $6.6B. Revised GAAP earnings from continuing operations were $9.4B, or $8.33 diluted EPS, compared with $8.8B and $7.98 as reported in the prior presentation. Revised adjusted earnings were $3.2B, or $2.95 per share, and revised adjusted profit margin was 17.4%. Revised free cash flow (non-GAAP) was $4.7B, compared with $5.2B as reported. These figures are supplemental, have not been audited, and do not restate previously filed financial statements. The information is furnished under Item 7.01, not filed, and the forward-looking statements caution that results may differ materially. Investors should treat this filing primarily as a baseline for GE Aerospace's standalone 2023 economics and evaluate the company's future performance on this reclassified basis.

Apr 11, 2024 8-K

GENERAL ELECTRIC CO 8-K/A Report, Exhibit Filing (Apr 8, 2024)

On April 2, 2024, General Electric Company completed the spin-off of GE Vernova Inc., distributing all outstanding GE Vernova common stock to GE shareholders at a ratio of one GE Vernova share for every four GE shares held on the March 19, 2024 record date. GE Vernova began trading on the NYSE under the ticker "GEV" that day. The remaining company now operates as GE Aerospace and no longer consolidates GE Vernova. The historical results of GE Vernova and certain related assets and liabilities will be reported as discontinued operations beginning in Q2 2024. This Amendment No. 1 to the April 2, 2024 Form 8-K was filed to add the unaudited pro forma financial information required by Item 9.01(b), which the original filing omitted. The pro forma statements show a much smaller GE Aerospace on a standalone basis. For fiscal 2023, reported total revenues of $68.0 billion would fall to a pro forma $35.3 billion, and total assets would fall from $163.0 billion to $126.0 billion. Pro forma diluted EPS from continuing operations for 2023 would be $8.30, compared with $7.98 as reported, which implies that GE Vernova contributed a net loss at the attributable level in that year. Pro forma shareholders' equity would be $18.8 billion versus $27.4 billion reported. Cash, cash equivalents and restricted cash would decline from $17.0 billion to $13.3 billion, reflecting a $1.7 billion net cash contribution to GE Vernova. Pro forma 2022 and 2021 results show a similar pattern, with pro forma diluted EPS of $0.96 for 2022 and a pro forma loss of $3.98 per share for 2021. Investors should note that the pro forma information is illustrative only and is not necessarily indicative of results that would have been achieved had the separation occurred on the stated dates, or of future results. The adjustments include reversals of intercompany eliminations, transfers of tax equity investments and debt, and the estimated cost of severance and separation activities. Future GE Aerospace results will depend on the reported discontinued-operations presentation starting in Q2 2024, the timing of credit-support releases from GE Vernova, and the company's capital allocation priorities, all of which the filing identifies as forward-looking risk factors.

Apr 8, 2024 8-K

GENERAL ELECTRIC CO 8-K Report, Executive Changes (Apr 8, 2024)

This 8-K filing from General Electric Company (GE) details significant leadership changes following the completion of its GE Vernova spin-off. The primary focus is the appointment of Robert Giglietti as the new Chief Accounting Officer, Controller, and Treasurer, succeeding Thomas S. Timko, who departs the company. Mr. Giglietti, a long-tenured GE finance executive, will receive a substantial restricted stock unit grant as part of his new role. The filing also confirms the departure of other key corporate officers, including Michael J. Holston and L. Kevin Cox, consistent with the company's strategic plan to operate as three independent entities. These changes are expected and are a natural consequence of GE's transition to a more focused business structure, primarily GE Aerospace. Investors should note these executive transitions as a sign of the company's ongoing operational restructuring.

Apr 8, 2024 8-K

GENERAL ELECTRIC CO 8-K Report, Material Agreement (Apr 2, 2024)

GENERAL ELECTRIC CO (GE) has filed an 8-K report detailing significant events related to the completion of its spin-off of GE Vernova. The filing confirms the successful separation and distribution of GE Vernova, establishing independent operational and financial frameworks for both entities. Key agreements governing the post-spin-off relationship, including separation, transition services, tax, employee matters, and licensing, have been finalized. Investors should note that GE has also terminated its previous $10 billion senior unsecured revolving credit facility without penalty and established a new, smaller $3.0 billion unsecured revolving credit facility maturing in 2029. This new facility provides GE with financial flexibility moving forward, with terms influenced by its credit ratings.

Apr 2, 2024 8-K

GENERAL ELECTRIC CO 8-K Report, Corporate Update (Mar 7, 2024)

General Electric Company (GE) announced on March 7, 2024, a significant capital allocation move through its Board of Directors' authorization of up to $15 billion in common share repurchases. This new authorization is set to replace the existing $3 billion buyback program from 2022 and will become effective following the planned spin-off of GE Vernova. At that point, the company will operate solely as GE Aerospace, indicating a strategic shift and focus. This substantial repurchase program signals strong confidence from GE's management in the future prospects of GE Aerospace and its commitment to returning value to shareholders. Investors should note that the timing and extent of these repurchases are flexible and will be influenced by market conditions, share price, and the company's overall financial strategy. The authorization's indefinite term provides flexibility, but also means repurchases are not guaranteed.

Mar 7, 2024 8-K

GENERAL ELECTRIC CO 8-K/A Report, Executive Changes (Feb 29, 2024)

This 8-K/A filing from General Electric (GE) serves as an amendment to a previous 8-K filed on November 14, 2023. The primary purpose of this amendment is to provide updated information regarding committee assignments for two recently elected Board of Directors members, Margaret Billson and Thomas Enders. While their election to the Board was effective December 1, 2023, their specific committee appointments are now finalized and effective April 2, 2024. Investors should note that Ms. Billson has been appointed to the Audit Committee, a critical role overseeing financial reporting and internal controls. Mr. Enders will join the Management Development & Compensation Committee, which is responsible for executive compensation and succession planning. These appointments are standard corporate governance updates and do not represent significant strategic or financial changes for the company at this time, but are important for understanding the Board's oversight structure.

Feb 29, 2024 8-K

GENERAL ELECTRIC CO 8-K Report, Temporary Suspension of Trading Under Employee Benefit Plans (Feb 29, 2024)

General Electric's 8-K filed February 29, 2024 is a procedural disclosure under Item 5.04, tied to the planned spin-off of its renewable energy, power and digital businesses into GE Vernova. The filing reports that participants in the GE Retirement Savings Plan will face a temporary blackout period, expected to begin the week of March 31, 2024 and end the week of April 7, 2024. The blackout is needed because the plan must be modified to add a GE Vernova Stock Fund to receive the spun-off shares. During the blackout, participants cannot switch investments into or out of the GE Stock Fund or take loans, withdrawals, or distributions from that portion of their accounts. GE's directors and executive officers are also subject to trading restrictions under Regulation BTR and Section 306 of Sarbanes-Oxley. They may not buy, sell, or transfer GE equity securities acquired through their service, subject to limited exceptions for dividend reinvestment, pre-existing 10b5-1 plans, and bona fide gifts. Violations can require disgorgement of profits and carry civil and criminal penalties. The notice notes that the blackout could last three business days or fewer, and that officers will be told if restrictions do not apply. For investors, the filing confirms the spin-off timeline and signals that the mechanics are on track, but it contains no financial results, valuation data, or pricing information. Its main value is as a timing marker. Investors should treat the blackout as an operational constraint on plan participants rather than a signal about GE's business or prospects.

Feb 29, 2024 8-K

GENERAL ELECTRIC CO 8-K Report, Corporate Update (Feb 29, 2024)

General Electric Company (GE) disclosed in this 8-K, filed February 29, 2024, that its Board of Directors has approved the previously announced spin-off of GE Vernova LLC, its wholly-owned subsidiary. Before the spin-off, GE Vernova LLC is expected to convert into a corporation renamed GE Vernova Inc. The distribution of all GE Vernova common stock to GE shareholders as a pro rata dividend is expected before U.S. market open on April 2, 2024, with GE Vernova trading on the NYSE under the ticker "GEV" from that date. The distribution ratio is one share of GE Vernova for every four shares of GE common stock held as of the March 19, 2024 record date, and it remains subject to the satisfaction or waiver of certain conditions. For investors, the key structural takeaway is that GE is completing a split into three independent companies. Following the spin-off, the remaining GE business will operate as GE Aerospace and keep the NYSE ticker "GE." Management describes the resulting companies as independent, investment-grade industry leaders. Shareholders do not need to take any action or pay consideration to receive GE Vernova shares. The distribution is intended to be tax-efficient for U.S. shareholders, though the specific tax treatment is governed by the Form 10 registration statement filed by GE Vernova. Trading mechanics are an important near-term consideration. Beginning around March 27, 2024, GE Vernova will trade on a when-issued basis ("GEV WI"). From March 27 through April 1, GE common stock will trade in two markets: a regular-way market ("GE") carrying the right to the GE Vernova distribution, and an ex-distribution market ("GE WI") without that right. Investors who sell GE shares before the distribution date should confirm with their broker how their trades will settle. The filing also flags forward-looking risks, including execution of the spin-off and potential sales of GE's remaining GE HealthCare stake, macroeconomic and market volatility, and capital allocation decisions on dividends and buybacks.

Feb 29, 2024 10-K

GENERAL ELECTRIC CO Annual Report, Year Ended Dec 31, 2023

General Electric Company (GE) reported a strong financial performance in 2023, marked by significant revenue growth and a substantial increase in earnings, driven by robust performance across all its operating segments, particularly Aerospace. The company's strategic plan to separate into three independent entities (GE Aerospace, GE Vernova, and GE HealthCare) has progressed, with the HealthCare business separation completed and plans for Vernova advancing. Revenue increased by 17% to $68.0 billion, with segment profit showing a notable rise. Free cash flow also saw a significant improvement, reaching $5.2 billion, up from $3.1 billion in the prior year. This enhanced cash generation was largely due to improved profitability and working capital management. The company continues to manage its debt effectively, with total borrowings decreasing. GE's outlook remains focused on executing its separation strategy while navigating economic headwinds, including inflation and supply chain challenges, through operational improvements and pricing adjustments.

Feb 2, 2024 8-K

GENERAL ELECTRIC CO 8-K Report, Financial Results (Jan 23, 2024)

General Electric reported fourth-quarter and full-year 2023 results on January 23, 2024, capping a year of strong operational momentum ahead of its planned separation into two public companies: GE Aerospace (the existing business, which keeps the GE name) and GE Vernova (energy). For Q4 2023, total GAAP revenues rose 15% to $19.4B, GAAP profit margin expanded 90 bps to 10.3%, and GAAP continuing EPS was $1.44, down 6% year over year, largely because of a much smaller contribution from other income. Adjusted EPS of $1.03 rose 56%, and free cash flow of $3.0B was down $0.4B. For full-year 2023, GAAP continuing EPS swung to $7.98 from $(1.00), GAAP revenue grew 17% to $68.0B, and free cash flow reached $5.2B, up 68%. Much of the GAAP earnings improvement reflects gains of about $5.8B on retained and sold equity stakes, notably AerCap, Baker Hughes and GE HealthCare, so adjusted EPS of $2.81 is the better gauge of operating earnings. Segment performance was mixed but improving. GE Aerospace grew full-year revenue 22% to $31.8B with segment margin up 90 bps to 19.2%, supported by services (about 70% of revenue). Renewable Energy's loss narrowed sharply, with segment margin improving 780 bps to (9.5)%, though it still generated negative free cash flow of $(1.5)B. Power grew revenue 9% and expanded margin to 8.2%. Liquidity and capital returns were active: GE monetized about $9B of stakes in 2023, redeemed $5.8B of preferred stock, and repurchased $1.1B of common shares. Separation costs were $1.0B for the year and are expected to continue as the spin-off approaches. For 2024, management guided Q1 adjusted EPS to $0.60 to $0.65 and expects GE Aerospace operating profit of $6.0B to $6.5B with free cash flow above $5B. GE Vernova guided to $34B to $35B of revenue and FCF of $0.7B to $1.1B. Investors should weigh the strong services-driven aerospace story against the still-unprofitable wind business and the execution risk and one-time costs tied to the two spin-offs, both targeted for early April 2024.

Jan 23, 2024 8-K

GENERAL ELECTRIC CO 8-K/A Report, Executive Changes (Jan 16, 2024)

This 8-K/A filing from General Electric (GE) serves as an amendment to a previous report concerning a CFO transition. The key update is that Carolina Dybeck Happe, the former CFO, has officially resigned from her position, effective February 14, 2024. Her resignation is stated to be for "Good Reason" following the appointment of Rahul Ghai as the new CFO, which was initially announced in May 2023.

Jan 16, 2024 8-K

GENERAL ELECTRIC CO 8-K Report, Executive Changes (Nov 14, 2023)

GE's 8-K filed November 14, 2023 is primarily a governance and corporate-structure update tied to the planned spin-off of its energy businesses. On November 13, 2023, the Board elected Margaret Billson and Thomas Enders as directors effective December 1, 2023, expanding the Board's size to accommodate them. The Board determined both are independent under NYSE standards, and neither has yet been assigned to a committee. Directors Paula Rosput Reynolds and Jessica Uhl agreed to resign effective upon the completion of the GE Vernova spin-off. The filing contains no financial results, guidance changes, or earnings data. The accompanying Exhibit 99.1 press release discloses the planned Boards of Directors for the two post-spin companies: GE Vernova, the energy business led by CEO Scott Strazik with Stephen Angel as Non-Executive Chairman, and GE Aerospace, led by H. Lawrence Culp, Jr. as Chairman, with Thomas Horton as Lead Independent Director. Billson and Enders are slated to continue as directors of GE Aerospace after the spin. The separation is expected to be completed at the beginning of the second quarter of 2024, with GE Vernova and GE Aerospace each scheduled to hold investor days in March 2024. For investors, the key takeaways are that the separation is advancing on schedule with a defined board structure for both companies, and that the post-spin boards draw heavily on aerospace, energy, and infrastructure expertise. The 8-K does not quantify the financial impact of the spin-off, so investors should look to subsequent filings and investor day materials for valuation, capital structure, and standalone guidance.

Nov 14, 2023 10-Q

GENERAL ELECTRIC CO Quarterly Report for Q3 Ended Sep 30, 2023

General Electric Company (GE) reported strong revenue growth in the third quarter of 2023, with total revenues reaching $17.3 billion, a 20% increase year-over-year, driven significantly by its Aerospace and Renewable Energy segments. This top-line performance reflects robust demand in commercial air travel and ongoing recovery in aviation services, alongside improved order intake in renewable energy solutions. While the company achieved positive operating cash flow and free cash flow for the nine-month period, a notable increase in separation costs associated with the ongoing restructuring into three independent companies (GE Aerospace, GE Vernova, and GE HealthCare) impacted profitability. Adjusted earnings per share saw significant improvement, underscoring operational performance excluding certain one-time items. The company is actively managing inflationary pressures and supply chain challenges through cost productivity measures and pricing adjustments, demonstrating resilience in a dynamic economic environment. The planned spin-off of GE Vernova remains a key strategic focus for the company.

Oct 24, 2023 8-K

GENERAL ELECTRIC CO 8-K Report, Financial Results (Oct 24, 2023)

GE reported third-quarter 2023 results on October 24, 2023 that were strong across the board, with total revenues (GAAP) of $17.3B (+20% y/y), organic revenue up 18%, GAAP profit margin of 1.7% (+330 bps), and adjusted EPS of $0.82 versus a loss of $(0.17) a year earlier. Cash from operating activities was $1.9B and free cash flow was $1.7B, both well ahead of prior-year levels. Orders rose 19% to $17.9B. Management also raised full-year 2023 guidance: organic revenue growth is now expected in the low teens, adjusted EPS of $2.55 to $2.65 (up from $2.10 to $2.30), and free cash flow of $4.7 to $5.1B. Much of the quarter's profit improvement reflects the non-repeat of a $0.5B Renewable Energy warranty charge in Q3 2022, so year-over-year comparisons are flattered by that base effect. The filing's central strategic news is the planned separation into GE Aerospace (retaining the GE ticker) and GE Vernova (ticker GEV), targeted for the beginning of Q2 2024, subject to Board approval and customary conditions. GE Aerospace is the clear earnings engine, with orders up 34%, revenue up 25%, and segment margin of 20.4%. Renewable Energy remains loss-making at the segment level, with a $(317)M segment loss in the quarter, though Grid and Onshore Wind were both profitable. Power showed improving margins at 6.0%. Capital allocation was active: GE received about $2.7B from partial AerCap share sales, redeemed remaining preferred stock for $2.8B, and repurchased about $0.3B of common shares, leaving $1.2B under the existing authorization. The company still holds stakes of roughly 14.5% in AerCap and 13.5% in GE HealthCare, to be monetized over time. Investors should note that GAAP results were heavily affected by $1.1B of losses on equity securities, and that separation costs of $0.2B continue to weigh on near-term results.

Oct 24, 2023 10-Q

GENERAL ELECTRIC CO Quarterly Report for Q2 Ended Jun 30, 2023

General Electric (GE) reported a strong second quarter for 2023, driven by significant revenue growth in its Aerospace segment and improved performance in Renewable Energy and Power. Total revenues increased by 18% year-over-year to $16.7 billion, with organic revenues up 19%. The company's earnings per share (EPS) from continuing operations was $0.91, a substantial improvement from the prior year's loss, bolstered by gains on investments and increased segment profit. Free cash flow also saw a significant turnaround, moving from a negative $1.0 billion in the first half of 2022 to a positive $0.5 billion in the same period of 2023. The company continues to advance its strategic plan of separating into three distinct public companies, with the spin-off of GE HealthCare completed and progress being made towards the GE Vernova separation. Key performance drivers include robust demand in commercial air travel for Aerospace, and positive impacts from the Inflation Reduction Act expected for Renewable Energy. While inflationary pressures and supply chain challenges persist, GE is actively managing these through cost productivity initiatives and pricing adjustments. The company reiterated its commitment to a disciplined financial policy and maintaining an investment-grade credit rating.

Jul 25, 2023