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P: Shareholders Mutual fund holders Top Executives H. P: Investor Relations: www. List of Partners vendors. EST: On Nov. The healthcare spinoff is planned for early The energy business spinoff, scheduled for early , will contain its businesses that manufacture turbines for power plants and for wind farms.
GE will then focus on its aviation business. General Electric Co. GE is a global industrial company that provides power generation, renewable energy, industrial aviation products, and healthcare products and services.
The company also offers financial products and services. GE serves customers in more than countries and has manufacturing and service operations globally. GE operates in industries that require continual investment in research and development. Major competitors include Honeywell International Inc.
HON , 3M Co. Revenue rose 8. In its earnings press release, the company highlighted its strong performance during the quarter, citing a return to growth in revenue, expanding operating margins across all segments, and positive free cash flow FCF in its industrial businesses.
GE noted that its Aviation segment was showing the beginning signs of recovery. It also reiterated its focus on becoming a simpler and stronger high-tech industrial company.
GE operates through four industrial segments and a financial segment. Its financial segment is named Capital. GE provides a breakdown of segment profit and revenue for each of these business segments. Any negative revenue or segment profit is excluded from the pie charts above.
The Aviation segment designs and produces commercial and military aircraft engines, integrated engine components, electric power, and mechanical aircraft systems. It also provides aftermarket services to support its products. Quarterly revenue rose The Healthcare segment sells sophisticated healthcare products and technologies.
It has expertise in medical imaging, digital solutions, patient monitoring and diagnostics, drug discovery, and performance improvement. The segment's products and services are primarily sold to hospitals and medical facilities worldwide.
The Healthcare segment's profit rose Revenue for the quarter grew The Renewable Energy segment offers end-to-end solutions for customers.
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