PARIS--(BUSINESS WIRE)--GE Vernova’s Grid Solutions business (NYSE:GE), today announced the launch of GridBeats, a comprehensive portfolio of software-defined automation solutions aimed at streamlining grid digitalization and enhancing grid resilience. Amid growing climate concerns, grid operators worldwide are responding to regulatory, consumer, and societal demands to achieve net-zero emissions and deepen their commitment to sustainability. Realizing these goals presents significant challenges, such as ...

The General Electric (GE 1.74%) name is set to disappear. The forthcoming spinoff of GE Vernova (trading under the ticker GEV) in early April will result in the remaining company trading as GE Aerospace. The change will create two dramatically different companies, with GE Vernova arguably being the most interesting, albeit the weaker. Here's what GE shareholders need to know about the company, which will receive stock soon.GE Vernova is a mix of three businessThe following chart shows GE Vernova's revenue b ...

During the holiday period, stock markets experienced a lull with minimal activity. However, certain stocks garnered investor attention, pushing them into the ‘overbought’ territory, potentially paving the way for a price correction.When an asset is overvalued, it usually signals a bearish outlook, indicating a forthcoming decline in the stock. This expected drop in price is anticipated as investors start offloading their positions.Finbold examined certain stocks’ technical and fundamental indicators touted ...

BOSTON--(BUSINESS WIRE)--GE (NYSE:GE) today announced the filing of its Form 10 registration statement with the U.S. Securities and Exchange Commission (“SEC”) for the planned spin-off of GE Vernova. A copy of the Form 10 is available on the SEC website at www.sec.gov. Downloadable historical financial and pro forma financial information can also be accessed as an attachment to this press release and here. GE Chairman and CEO and GE Aerospace CEO H. Lawrence Culp, Jr., said, “ Today’s filing underscores GE ...

OTTAWA, Ontario--(BUSINESS WIRE)--Assent Inc. (Assent), a leading solution provider in supply chain sustainability management, announces Ann R. Klee as the newest member of its Board of Directors. Klee’s expertise in environmental law, regulatory compliance, and risk management will enhance Assent’s strategic focus on advising manufacturers to address supply chain sustainability trends and regulations. Klee also serves on the boards of the Center for Climate and Energy Solutions, WGBH, Wabtec Corporation an ...

The GE Aerospace logo is seen in this photo illustration on 23 November, 2023 in Warsaw, Poland. ... [+] (Photo by Jaap Arriens/NurPhoto via Getty Images)NurPhoto via Getty ImagesGeneral Electric GE (NYSE: GE) reported its Q4 results last month, with revenues and earnings beating the street estimates. GE stock has seen a robust 11% rise this year, but we think it is now appropriately priced, and investors willing to enter will likely be well off waiting for a dip for better long-term gains. The company repo ...

Is McCormick's Dividend Safe? nmaxfield / Getty Images In the landscape of investment, dividends stand as a lighthouse for stability and shareholder return. Dividends are not just a component of investment returns but a cornerstone of financial success. Reinvesting dividends is the critical factor that propels most winning stocks ahead over the long haul. McCormick & Company (NYSE: MKC), with its robust 30+ year record of dividend growth and a modest payout ratio of 44% against an industry average of 49%, ...

Business Strategy and Spin-offs - General Electric plans to pursue a spin-off of its energy businesses, combining them into a new entity called GE Vernova[5]. - The company completed the separation of its HealthCare business on January 3, 2023, through the spin-off of GE HealthCare Technologies Inc.[8]. - GE's strategic plan includes separating GE Aerospace and GE Vernova into independent companies to enhance operational effectiveness[8]. - The GE HealthCare separation in January 2023 was executed as a tax-free spin-off, with the GE Vernova separation also intended to be tax-free for U.S. federal income tax purposes[156]. - The planned separation of GE Aerospace and GE Vernova into independent companies is expected to create long-term growth opportunities, but may face challenges and risks that could delay or prevent completion[156]. Financial Performance - Total revenues for General Electric Company in 2023 were $68.0 billion, an increase of $9.9 billion (17%) compared to 2022[22]. - Continuing earnings attributable to GE common shareholders were $8.772 billion, with earnings per share of $7.98, a significant increase from a loss of $1.1 billion in 2022[29]. - Adjusted earnings per share for 2023 were $2.81, reflecting a strong operational performance[23]. - Cash flows from operating activities increased to $5.6 billion in 2023, up from $4.0 billion in 2022[24]. - Total revenues for 2023 increased to $67.954 billion, up 17% from $58.1 billion in 2022[32]. - Adjusted total corporate operating costs decreased by $0.1 billion, mainly due to higher bank interest and improved performance in the Digital business[67]. - The company achieved adjusted earnings of $8,769 million in 2023, compared to a loss of $1,097 million in 2022, resulting in an EPS of $7.98[144]. Revenue Segments - Equipment revenues for 2023 were $26.8 billion, up $4.5 billion (20%) from 2022, primarily due to growth in Renewable Energy and Aerospace[28]. - Services revenues increased to $37.8 billion, a rise of $4.9 billion (15%) compared to 2022, with notable growth in Aerospace and Power segments[28]. - Aerospace segment revenues rose to $31.770 billion, a 22% increase from $26.050 billion in 2022, driven by higher commercial engine sales and services[42]. - The Renewable Energy segment's RPO (Remaining Performance Obligations) increased by $18.6 billion (14%) to $153.858 billion, reflecting higher demand for both equipment and services[41]. - Total segment revenues for 2023 were $15,050 million, up $2.1 billion (16%) from 2022, with segment losses decreasing by $1.0 billion (45%)[53]. Operational Efficiency and Challenges - The company faced inflationary pressures and supply chain delays, impacting profit margins and the conversion of RPO to revenue[30]. - The company is proactively managing inflationary pressures through lean initiatives and adjusting pricing strategies[57]. - Operational execution challenges, particularly with new product platforms like the Haliade-X offshore wind turbine, could adversely affect financial performance and cash flows[170]. - The company continues to have exposure to legacy insurance operations that may require future capital contributions, potentially leading to funding or liquidity stress[182]. Research and Development - The company emphasizes the importance of research and development, with long product development cycles critical to success[11]. - Research and development (R&D) expenses totaled $1.9 billion in 2023, an increase from $1.8 billion in 2022, with significant contributions from the Aerospace segment[81]. - The company continues to invest in new product development, including small modular nuclear reactor technology, with a focus on cleaner, more reliable power[60]. Sustainability and Emissions - The company aims to reduce emissions and enhance sustainability through its product offerings and operational practices[9]. - The energy transition presents both risks and opportunities for GE, particularly in sectors historically reliant on fossil fuels, with significant investments needed in new technologies and infrastructure[161]. - GE's success in reducing greenhouse gas emissions will depend on government actions, market incentives, and the development of new technologies, which may involve complex and costly processes[161]. Human Capital and Workplace Culture - GE's human capital management focuses on health and safety, talent development, and promoting an inclusive workplace culture[12]. - The company is committed to maintaining competitive pay practices, with men and women performing similar work paid within 1% of each other[13]. - General Electric Company employed approximately 125,000 people as of December 31, 2023, with around 44,000 in the United States[14]. Cybersecurity and Risk Management - The company anticipates continued evolution of its cybersecurity risk management strategies following the planned spin-off of its GE Vernova businesses[148]. - The company has implemented a third-party risk management process that includes cybersecurity assessments on certain suppliers based on their risk profile[149]. - Cybersecurity threats pose significant risks to the company's systems and data, with increasing sophistication of attacks expected to impact operations[175]. Legal and Regulatory Risks - The company is subject to various legal proceedings and compliance risks that could lead to material cash outflows and reputational damage[189]. - Regulatory changes, including increased protectionism and environmental laws, may impose additional costs and affect the company's competitive position[187]. - The company is subject to risks from government audits and investigations that could lead to fines or penalties, affecting its ability to secure government contracts[188].

(Photo credit should read STAN HONDA/AFP via Getty Images)AFP via Getty ImagesOn January 23, 2024, General Electric GE (NYSE: GE, $131.10, Market Capitalization: $142.69 billion) reported solid 4Q23 results, with a beat on revenues and EPS versus consensus. The company plans to file Form 10 by mid-February 2024 and expects to complete the GE Vernova spin-off in April 2024. Revenue increased 15.4% YoY organically, with all segments up double digits. Adjusted operating profit was up 20%, driven by volume and ...

Sundry Photography General Electric (NYSE:GE) reported quarterly earnings for 4Q-23 on Tuesday which beat estimates: The industrial company said it earned $1.03 in adjusted profits, handily beating the Street’s $0.89 estimate. The EPS outlook for 1Q-23 is what caused General Electric’s stock price to slump 3% in trading before market open on Tuesday. Nevertheless, the conglomerate is seeing robust order strength, particularly in its Aerospace segment which has started to shine in 2023. The energy infras ...