GENERAL ELECTRIC CO

General Electric Company (GE) is a high-tech industrial company with businesses in Aerospace, Renewable Energy, and Power. The company's business strategy focuses on serving customers in expanding and upgrading their fleets in the aerospace industry and leading the energy transition in the energy sector. GE Aerospace designs and produces commercial and defense aircraft engines, integrated engine components, electric power and mechanical aircraft systems, and provides aftermarket services. GE Renewable Energy offers wind and other renewable energy generation equipment and grid solutions, and GE Power provides gas power, onshore and offshore wind, and other power generation equipment and power grid automation and hardware. GE's website is www.ge.com, and its investor relations website is www.ge.com/investor-relations. The company's ticker symbol is GE. In the fiscal year ended December 31, 2023, GE reported total revenues of $68.0 billion, an increase of $9.9 billion from the previous year. The company's continuing earnings per share were $7.98, and Adjusted earnings per share were $2.81. The company's profit margin was 15.0%, and profit was up $11.0 billion. The increase in profit was primarily due to an increase in gains on retained and sold ownership interests, an increase in segment profit, a decrease in interest and other financial charges, and a decrease in Adjusted total corporate operating costs. GE's business segments include Aerospace, Renewable Energy, Power, and Corporate. Aerospace generates the majority of the company's revenues and includes commercial engines and services, defense, and systems & other. Renewable Energy focuses on wind and other renewable energy generation equipment and grid solutions, and Power provides gas power, onshore and offshore wind, and other power generation equipment and power grid automation and hardware. Corporate includes Energy Financial Services and other corporate functions. GE's business segments use performance measures to assess the performance of each business, which may exclude certain charges and gains. Segment profit excludes results reported as discontinued operations and the portion of earnings or loss attributable to noncontrolling interests of consolidated subsidiaries. Certain corporate costs are allocated to the segments based on usage or their relative net cost of operations.