Get all your news in one place.
100’s of premium titles.
One app.
Start reading
Benzinga
Benzinga
Business
Akanksha Bakshi

GE Reiterates FY22 Outlook At Its 2022 Investor Day

GE Investor Day Aviation General Electric Co Greenville NYSE Power South Carolina
  • General Electric Co (NYSE:GE) is hosting its 2022 Investor Day at its Power and Aviation facilities in Greenville, South Carolina. Link to the event.
  • The company reaffirmed its FY22 outlook for organic revenues to grow in the high-single-digit range and the adjusted organic profit margin to expand by 150+ basis points.
  • Adjusted EPS of $2.80-$3.50; and Free cash flow of $5.5 billion-$6.5 billion, and more than $7 billion in 2023.
  • GE Chairman and CEO H. Lawrence Culp, Jr. stated, “We’re running GE’s businesses better, creating value for shareholders today and tomorrow. Our talented, resilient team has embedded lean deeply across GE, and we have decentralized how we run the company.”
  • Also Read: GE Stock Slides As Supply Chain Headwinds Masks Progress
  • Price Action: GE shares are trading lower by 1.27% at $90.07 on the last check Thursday.
Sign up to read this article
Read news from 100’s of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
21 'one-in-a-million' extreme dead stars found hiding around sun-like stars
Astronomers have detected 21 rare systems with widely separated neutron stars and sun-like stars. These binaries are "one in a million" and challenge dead star binary formation models.
Space
Space
The true culprit of cereals
"Little has changed since the days of "Unfrosted," the Pop-Tarts movie"
Salon
Salon
Char your summer squash like a chef
Chef Tyler Fenton of BATA talks charring, cooking local and the bounty found in the 400 miles surrounding Tucson
Salon
Salon
What is the chemistry behind decaf?
"Decaffeination has a rich history, and now almost all coffee producers use one of three common methods"
Salon
Salon
Blake Lively Expertly Shuts Down Ryan Reynolds Divorce Rumors
A commenter brought these rumors to her attention.
Marie Claire
Marie Claire
Worried about the health effects of the sugar in your breakfast cereal? Little has changed since the days of ‘Unfrosted,’ the Pop-Tarts movie
While Jerry Seinfeld, Melissa McCarthy, Amy Schumer and Hugh Grant got top billing, sweet breakfast foods from the 1960s are arguably the real stars of the recent movie “Unfrosted,” a comedy loosely based on the invention of Pop-Tarts.
The Conversation
The Conversation
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.
Download on the AppStore Get it on Google Play