Posted by: Windfair Editors
GE Announces Results
Official Press Release GE :
GE Announces Fourth Quarter and Full Year 2020 Results
Strong free cash flow finish to a challenging year; momentum growing across GE's businesses
Fourth quarter 2020: Total orders $23.2B, (7)%; organic orders (3)% Total revenues (GAAP) $21.9B, (16)%; Industrial organic revenues* $20.1B, (14)% Industrial profit margin (GAAP) of 14.4%, +800 bps; adjusted Industrial profit margin* 6.4%, (460) bps Continuing EPS (GAAP) $0.27, favorable year over year; adjusted EPS* $0.08, (60)%1 GE Industrial CFOA (GAAP) $1.9B; Industrial free cash flow* $4.4B Full year 2020: Total orders $72.0B, (20)%; organic orders (17)%; backlog $386.5B, (4)% Total revenues (GAAP) $79.6B, (16)%; Industrial organic revenues* $73.2B,... ... More: Official Press Release GE
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- GE, quarter, Q4, 2020, results, revenue, energy ransition, GE Renewable Energy, order, profit, adjusted