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Fortune 500

Courtesy of General Electric

21

General Electric

GE

When 2018 began, GE shareholders must have wondered if things could possibly get any worse. They soon found out. Years of poor capital allocation and mismanagement were catching up with GE; the stock lost almost half its value in 2017 and then lost more than half in 2018. In desperation, CEO John Flannery began selling assets, planning to pare the company down to its jet engine and electric power businesses. But in October he abruptly retired, succeeded by former Danaher CEO Larry Culp. Adding insult to injury: The Dow Jones Industrial Average booted GE as a component after 110 years.

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CEO

H. Lawrence Culp Jr.

CEO Title

Chairman & Chief Executive Officer

Sector

Industrials

Industry

Industrial Machinery

HQ Location

Boston, Mass.

Years on Fortune 500 List

65

Employees

283,000

Includes revenues from discontinued operations.
Key Financials (Last Fiscal Year)
$ millions% change
Revenues ($M)$120,268-1.6%
Profits ($M)$-22,355.0
Assets ($M)$309,129
Total Stockholder Equity ($M)$30,981
Profit Ratios
Profit as % of Revenues-18.6%
Profits as % of Assets-7.2%
Profits as % of Stockholder Equity-72.2%
Earnings Per Share (Last Fiscal Year)
Earnings Per Share ($)-2.62
EPS % Change (from 2017)-
EPS % Change (5 year annual rate)-
EPS % Change (10 year annual rate)-
Total Return
Total Return to Investors (2018)-55.1%
Total Return to Investors (5 year, annualized)-20.4%
Total Return to Investors (10 year, annualized)-4.0%
STOCK QUOTE
()0.00 0.00 (0)
  • Previous Close:
  • Market Cap: NaNB
  • Next Earnings Date:
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  • 52 Week Low:
  • 52 Week Change %: 0.00
  • P/E Ratio: n/a
  • EPS:
  • Dividend Yield: n/a

News about General Electric

GE's Stock Drops as CEO Warns of Higher Cash Burn at Its Troubled Power Unit

“This is a multiyear turnaround in power. I don’t want to sugarcoat that in any way, shape or form.”

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GE's Turnaround Plan Gets a Boost With $21.4 Billion Sale of Biopharma Unit to Danaher

GE halted plans to spin off its broader health care business as it focuses on completing the deal.

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GE’s Decision to Scrap Boston HQ Shows Corporate Tax Incentives Don't Work

General Electric is going to pay back $87 million to Massachusetts after downgrading plans for its Boston headquarters.

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