GE announces Q3 results

Image: GE Renewable EnergyImage: GE Renewable Energy
GE plans to initiate a restructuring program across its GE Vernova businesses, primarily at Renewable Energy, that is expected to deliver $0.5 billion in annualized savings.

Official Press Release GE :

GE announces third quarter 2022 results

Wind Industry Profile of
GE announces third quarter 2022 results

Strong GE Aerospace performance; planned spin-offs on track

GE (NYSE:GE) announced results today for the third quarter ending September 30, 2022. GE Chairman and CEO and GE Aerospace CEO H. Lawrence Culp, Jr. said, "Our team is delivering, with strong Aerospace performance in the third quarter, fueled by the improving commercial backdrop and our progress managing operations and the supply chain environment. We are building broad-based momentum with solid revenue and free cash flow results, as well as services growth in all businesses." Culp continued, "Within GE Vernova, Power remains on track to grow this year and we are taking significant actions to reset Renewable Energy. External catalysts, like recent U.S. legislation and the energy... ... More: Official Press Release GE

GE, Q3, results, renewable energy, loss, GE Vernova, energy, power, offshore, onshore, wind power, revenue

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