财务数据和关键指标变化 - 第四季度收入增长11%,服务收入增长13% [12] - 全年收入增长6%,主要由航空业务带动,增长23% [14] - 毛利率全年扩大160个基点,主要由航空和电力业务推动 [15] - 全年每股收益同比增长50%以上,自由现金流增加80%以上 [15] 各条业务线数据和关键指标变化 航空业务 - 第四季度订单和收入均增长20%以上 [20] - 全年收入增长23%,利润率提升440个基点至18.3% [23] - 2023年预计收入中高个位数增长,利润5.3-5.7亿美元,自由现金流有所提升 [24] - 军用业务保持高单位数增长,如XA100发动机项目获得支持 [25] 电力业务 - 第四季度订单和收入均实现双位数增长,利润率提升700个基点 [33] - 全年订单增长双位数,收入小幅增长,利润率提升300个基点至高个位数 [35] - 2023年预计收入小幅增长,利润有所下降但现金流转换率仍将保持良好 [36] 可再生能源业务 - 第四季度收入下降13%,利润率有所下降 [28] - 全年自由现金流下降超过0.5亿美元 [28] - 2023年预计订单和收入中单位数增长,利润大幅改善,现金流基本持平 [29][30][31][32] 各个市场数据和关键指标变化 - 航空业务商用机交付和服务需求持续恢复,内部维修量增长20%以上 [20][21][24] - 电力业务天然气发电服务需求保持稳定,装机量有所增加 [33][35] - 可再生能源业务北美市场订单大幅增长,但欧洲市场仍面临挑战 [26][27][30] 公司战略和发展方向及行业竞争 - 公司完成医疗业务分拆,聚焦航空和能源业务,加强内部精益管理和分权 [6][7][9] - 航空业务是公司的核心业务,在商用和军用市场保持领先地位 [18][25] - 电力业务在天然气发电服务方面保持稳定,可再生能源业务正在进行重组调整 [26][32][37] - 美国气候法案和欧洲电气化加速为公司的能源转型业务带来新的机遇 [9] 管理层对经营环境和未来前景的评论 - 2022年公司业绩表现出色,为未来独立上市做好准备 [6][9] - 航空业务正在加快精益管理和分权,为客户提供更好的服务 [18][19] - 可再生能源业务短期内仍面临挑战,但长期前景看好,特别是在北美市场 [26][29][32] - 整体来看,公司有信心在2023年实现高单位数的收入增长和利润改善 [38][39] 问答环节重要的提问和回答 问题1 **Joe Ritchie 提问** 询问2023年自由现金流的构成和预期,特别是航空和可再生能源业务 [45] **Carolina Dybeck Happe 回答** - 2023年自由现金流预计3.4-4.2亿美元,主要来自利润增长和营运资金改善 [46][47] - 航空业务现金流将有所改善,但受AD&A约5亿美元的负面影响 [46][47] - 可再生能源业务现金流预计基本持平,其中陆上风电业务现金流将有所改善,海上风电业务现金流将受到交付增加的压力 [46][47] 问题2 **Nigel Coe 提问** 询问2023年可再生能源海上业务的亏损和现金流压力情况,以及公司是否仍有信心在2024年实现盈利 [66][67] **Larry Culp 回答** - 2023年可再生能源海上业务将面临亏损和现金流压力,主要是由于新产品Haliade-X的交付和成本压力 [67][68] - 公司仍有信心,通过提高北美陆上风电业务的订单和利润,以及电网业务的改善,在2024年实现可再生能源业务整体的盈利 [68][69] 问题3 **Deane Dray 提问** 询问公司是否仍在努力改善全年自由现金流的线性,以及是否观察到任何宏观需求指标的变化 [86][88] **Larry Culp 回答** - 公司仍在努力提高自由现金流的线性,取得了一些进展但还有很大提升空间 [87] - 从需求指标来看,公司密切关注航空业务的起降量、订单等指标,以及电力业务的机组利用率等实时数据,目前未观察到明显的宏观需求下滑 [89]

General Electric Company (NYSE:GE) Q3 2022 Earnings Conference Call October 25, 2022 8:00 AM ET Company Participants Steve Winoker - VP, IR Lawrence Culp - Chairman and CEO Carolina Dybeck Happe - CFO Peter Arduini - President and CEO, GE Healthcare Conference Call Participants Nigel Coe - Wolfe Research Anthony Petrone - Mizuho Group Andy Kaplowitz - Citigroup Brendan Luecke - Alliance Bernstein Jeffrey Sprague - Vertical Research Nicole DeBlase - Deutsche Bank Steve Tusa - JPMorgan Andrew Obin - Bank of ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Mark One) ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ____ to ____ Commission file number 001-00035 GENERAL ELECTRIC COMPANY (Exact name of registrant as specified in its charter) New York 14-0689340 (State o ...

As a reminder, this conference is being recorded. I would now like to turn the program over to your host for today's conference, Steve Winokur, Vice President of Investor Relations. Please proceed. Thanks, Cheryl. Welcome to GE's second quarter 22 earnings call. I'm joined by Chairman and CEO Larry Kulp and CFO Carolina Dyback-Hoppe. Keep in mind that some of the statements we're making are forward-looking and based on our best view of the world and our businesses as we see them today. As described in our S ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Mark One) ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ____ to ____ Commission file number 001-00035 GENERAL ELECTRIC COMPANY (Exact name of registrant as specified in its charter) New York 14-0689340 (State or oth ...

Good day, ladies and gentlemen, and welcome to the first quarter 2022 General Electric Company Earnings Conference Call. At this time, all participants are in a listen-only mode. My name is Brandon, and I'll be your conference coordinator today. During today's question and answer session, if you have a question, please dial 01. Please note it is 01, no longer star 1. If you experience issues with the slides refreshing or there appears to be delays in the slide advancement, please hit F5 on your keyboard to ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Mark One) ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ____ to ____ Commission file number 001-00035 GENERAL ELECTRIC COMPANY (Exact name of registrant as specified in its charter) New York 14-0689340 (State or ot ...

United States Securities and Exchange Commission WASHINGTON, D.C. 20549 FORM 10-K ☑ Annual Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the fiscal year ended December 31, 2021 Commission file number 001-00035 GENERAL ELECTRIC COMPANY (Exact name of registrant as specified in its charter) New York 14-0689340 (State or other jurisdiction of incorporation or organization) (I.R.S. Employer Identification No.) 5 Necco Street Boston MA (Address of principal executive offices) ...