GE publishes Q3 results for 2021

Image: GE Renewable EnergyImage: GE Renewable Energy
GE Chairman and CEO H. Lawrence Culp, Jr. said, “The GE team delivered another strong quarter."

Official Press Release :

GE announces third quarter 2021 results

Wind Industry Profile of
GE announces third quarter 2021 results

Strong performance continues; raises 2021 adjusted EPS* outlook, narrows Industrial free cash flow range

In short: Total orders $22.1B, +42%; organic orders +42% Total revenues (GAAP) $18.4B, (1)%; Industrial organic revenues* $17.6B, (1)% Industrial profit margin (GAAP) of 5.0%, +1,220 bps; adjusted Industrial profit margin* 7.5%, +270 bps Continuing EPS (GAAP) of $0.54, +$1.58; adjusted EPS* $0.57, +$0.19 GE Industrial CFOA (GAAP) $1.7B, +$1.6B; GE Industrial free cash flow* $1.7B, +$1.8B, excluding discontinued factoring programs* Updating 2021 outlook for Industrial organic revenue* growth to approximately flat, adjusted Industrial profit margin* expansion to 350+ basis points, adjusted EPS* to... ... More: Official Press Release

GE, results, quarter, Q3, outlook, performance, expectation, energy transition, wind turbine, HaliadeX, wind farm, offshore, onshore

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