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General Electric Company (NYSE: GE) |
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Price: $210.2300
$6.10 
2.988%
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| Day's High:
| $210.88
| Week Perf:
| 4.7 %
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| Day's Low: |
$ 205.60 |
30 Day Perf: |
5.2 % |
| Volume (M): |
4,044 |
52 Wk High: |
$ 212.19 |
| Volume (M$): |
$ 850,149 |
52 Wk Avg: |
$175.43 |
| Open: |
$206.92 |
52 Wk Low: |
$133.99 |
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| Market Capitalization (Millions $) |
230,095 |
| Shares
Outstanding (Millions) |
1,094 |
| Employees |
125,000 |
| Revenues (TTM) (Millions $) |
45,801 |
| Net Income (TTM) (Millions $) |
6,566 |
| Cash Flow (TTM) (Millions $) |
-3,875 |
| Capital Exp. (TTM) (Millions $) |
1,032 |
General Electric Company
General Electric Company (GE) Overview
General Electric Company (GE) is an American multinational conglomerate corporation that has established itself as one of the largest and most diversified industrial corporations globally. Founded in 1892, GE has a long history and is a key player in various sectors, including aviation, power, renewable energy, healthcare, and digital industries.
Core Business Segments
1. Aviation:
- GE Aviation is a leading provider of jet engines, components, and integrated systems for commercial and military aircraft. The company is well-known for its development of advanced technologies in jet propulsion, including high-efficiency engines and innovative designs that reduce emissions and improve fuel economy.
2. Power:
- GE Power provides technologies and solutions for electricity generation and distribution. This segment includes gas and steam turbines, generators, and grid solutions. GE Power is also involved in modernizing existing power plants and integrating renewable energy sources into the grid.
3. Renewable Energy:
- GE Renewable Energy focuses on the development of renewable energy solutions, including wind and hydroelectric power. The company designs and manufactures a range of wind turbines and offers services to support the integration of renewable energy into the energy mix.
4. Healthcare:
- GE Healthcare provides medical imaging and diagnostic equipment, patient monitoring systems, and healthcare IT solutions. The company is dedicated to advancing healthcare technology to improve patient outcomes and enhance operational efficiency within healthcare organizations.
5. Digital Industry:
- The digital arm of GE focuses on industrial IoT (Internet of Things) solutions. Through GE Digital, the company develops software and analytics to optimize operations, improve productivity, and enable predictive maintenance across various industries.
Innovation and Technology
Throughout its history, GE has been at the forefront of technological innovation. The company has invested heavily in research and development (R&D) to create cutting-edge solutions that address the challenges of multiple sectors. Key technologies developed by GE include advanced manufacturing, additive manufacturing (3D printing), AI-driven analytics, and digital twin technology.
Corporate Structure and Strategy
In recent years, GE has undergone significant transformation, including divestitures and restructuring initiatives aimed at focusing on its core industrial businesses. This strategic shift emphasizes operational efficiency, cost reduction, and the integration of advanced technologies into its product offerings.
Global Presence
GE operates globally, with a strong presence in various markets across North America, Europe, Asia, and beyond. The companys operations are supported by a vast network of manufacturing facilities, research centers, and service locations, enabling it to deliver products and services to customers worldwide.
Sustainability Commitment
GE has made a commitment to sustainability, focusing on reducing greenhouse gas emissions and increasing the share of renewable energy in its portfolio. The company aims to contribute to a more sustainable future by developing technologies that promote energy efficiency and lower emissions across its operations and the sectors it serves.
Conclusion
General Electric Company continues to play a crucial role in addressing the needs of the industrial sector, leveraging its rich heritage, diverse portfolio, and commitment to innovation and sustainability to drive growth and add value for its customers and stakeholders. With ongoing investments in advanced technologies and a focus on critical market segments, GE is poised to adapt to an evolving economic landscape while maintaining its leadership in industrial innovation.
Company Address: 1 Neumann Way Evendale 45215 OH
Company Phone Number: 443-3000 Stock Exchange / Ticker: NYSE GE
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Customers Net Income fell by |
GE's Customers Net Profit Margin fell to |
-38.89 % |
5.15 %
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| Stock Performances by Major Competitors |
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| General Electric Company
General Electric's Stock Performance and Strategic Investment: Analyzing the Impacts on Future GrowthIn the past week, General Electric Company (NYSE: GE) saw a marginal decline of 0.01% in its stock, despite experiencing an impressive year-over-year growth of 80.09%. This increase indicates that GE stock is gaining momentum, as it sits just 1.1% shy of its 52-week high of $194.8. The stock's trajectory comes amidst a series of strategic financial maneuvers and investments, particularly in GE Aerospace and its Maintenance, Repair, and Overhaul (MRO) services. Strategic Investment in AerospaceRecently, GE Aerospace announced an ambitious $1 billion investment in its MRO facilities over the next five years, a move designed to accommodate rising demand in the aircraft market. This investment will enable GE to introduce additional engine test cells and state-of-the-art equipment, enhancing the company?s operational capacity and efficiency. The strategic focus on cutting-edge technology and enhanced inspection techniques is not just about accommodating current demand but also positioning GE as a formidable competitor in a rapidly evolving industry. Looking ahead, this investment can be expected to yield substantial returns as GE ramps up its capacity and stays ahead of its competitors?especially as the aerospace sector continues to recover and grow in the aftermath of COVID-19 disruptions. Strong Sales Growth Amidst Revenue DeclinesDespite the recent minor dip in stock prices, GE has reported a remarkable revenue increase of 10.82% year-on-year for the first quarter of 2024. This growth significantly outpaces average industry growth of 5.51%. However, it's crucial to note that GE?s financial performance is somewhat of a mixed bag. While income per share surged by 639.13% to $1.70, there?s been a drastic decline in overall revenue?down 43.261% to $9.84 billion for the third quarter of 2024The company seems to be experiencing a paradox where income per share is rising alongside rapidly declining revenue figures. This suggests that GE is possibly optimizing its operations, improving profit margins, and controlling costs effectively. The operating margin rose to 53.15%, up from 42.73% the previous year, despite an overall decline in operating earnings. Implications for Future PerformanceThe contrast between rising profits and declining revenues raises some interesting questions about GE's future trajectory. Consolidating improvements in profit margins while facing a significant revenue downturn could either be an indication of robust operational efficiency or a troubling signal that the company is struggling to expand its sales significantly. Will GE be able to maintain its profitability while reversing the downward slide in revenue? The company?s focus on critical sectors like aerospace and substantial investment may serve as a foundation for future growth; however, the apparent downturn in sales across various segments, particularly in Commercial Engine Services, Defense Propulsion Technologies, and Corporate Other, could hinder momentum if not addressed timely. Conclusion: A Critical Time for General ElectricIn summary, while General Electric?s stock performance reflects an overall positive trajectory with remarkable year-over-year gains and strategic investments, the mixed financial results suggest a critical juncture for the company. The ongoing $1 billion investment in MRO facilities may bolster GE's competitive edge and operational capacity, potentially translating into improved earnings down the line. The company?s leadership will need to remain vigilant in reversing revenue declines across various segments, ensuring that operational savings do not come at the cost of long-term sales growth. The balance of these factors will determine GE?s ability to sustain its positive stock momentum and secure its standing as a robust player in the aerospace market.,
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| General Electric Company
General Electric Company (NYSE: GE) has recently announced plans to make a significant investment of $1 billion over the next five years in its maintenance, repair, and overhaul (MRO) and component repair facilities worldwide. This move is aimed at enhancing the capacity of GE Aerospace to meet the growing demand for wide-body and narrow-body aircraft by incorporating additional engine testing equipment and cells.
The decision to invest in its MRO and component repair facilities underscores GE Aerospace's commitment to staying ahead of the rising demand for aircraft. With the aviation industry expanding rapidly, there is an increasing need for efficient and reliable maintenance services. By expanding its facilities and adding state-of-the-art equipment, GE Aerospace hopes to position itself as a leading provider of MRO services.
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| Business Update
Published Fri, Jul 19 2024 2:47 PM UTC
GE Aerospace Embarks on $1 Billion MRO Expansion Amidst Stronger Sales Growth Evendale, Ohio In an ambitious move signaling its commitment to future growth, GE Aerospace has announced plans to invest over $1 billion in its Maintenance, Repair, and Overhaul (MRO) and component repair facilities worldwide over the next five years. This strategic investment aims to bolster GE ...
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| Stocks on the Move
Published Sat, Jul 13 2024 4:36 PM UTC
In recent weeks, General Electric Company (GE) shares have been trailing behind the overall market performance. However, over the past 12 months, GE shares have outperformed the market. These contradictory trends raise questions about the factors influencing the company s standing in the market.One factor that may impact GE s market performance is the ongoing cleanup of PCB ...
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| Dividend
Published Wed, Jun 26 2024 12:04 AM UTC
The Board of Directors of GE Aerospace (NYSE: GE) has authorized a regular quarterly dividend of $0.28 per share on the outstanding common stock of the company. The dividend is set to be paid out on July 25, 2024, to shareholders of record on July 11, 2024. This news follows General Electric s announcement on September 8, 2023, regarding their regular dividend and its impact...
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| Per Share |
Current |
| Earnings (TTM) |
6 $ |
| Revenues (TTM) |
41.85 $
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| Cash Flow (TTM) |
- |
| Cash |
-
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| Book Value |
17.87 $
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| Dividend (TTM) |
0.92 $ |
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| Per Share |
|
| Earnings (TTM) |
6 $
|
| Revenues (TTM) |
41.85 $ |
| Cash Flow (TTM) |
- |
| Cash |
-
|
| Book Value |
17.87 $ |
| Dividend (TTM) |
0.92 $ |
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| segments |
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 93.94 % |
of total Revenue |
| Product |
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26.64 % |
of total Revenue |
| Service |
|
67.29 % |
of total Revenue |
| Commercial Engines Services |
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71.15 % |
of total Revenue |
| Commercial Engines Services Product |
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17.13 % |
of total Revenue |
| Commercial Engines Services Service |
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54.02 % |
of total Revenue |
| Defense Propulsion Technologies |
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22.79 % |
of total Revenue |
| Defense Propulsion Technologies Product |
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9.51 % |
of total Revenue |
| Defense Propulsion Technologies Service |
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13.27 % |
of total Revenue |
| Corporate Other |
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6.06 % |
of total Revenue |
| Equipment |
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26.64 % |
of total Revenue |
| Equipment Commercial Engines Services |
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17.13 % |
of total Revenue |
| Equipment Defense Propulsion Technologies |
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9.51 % |
of total Revenue |
| Services |
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67.29 % |
of total Revenue |
| Services Commercial Engines Services |
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54.02 % |
of total Revenue |
| Services Defense Propulsion Technologies |
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13.27 % |
of total Revenue |
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4.24% 