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GE 2019 second quarter performance CAUTION CONCERNING FORWARD -LOOKING STATEMENTS: This document contains "forward -looking statements" –that is, statements related to future events that by their nature address matters that are, to different degrees, uncertain. For details on the
GE 2019 second quarter performance
CAUTION CONCERNING FORWARD -LOOKING STATEMENTS:
This document contains "forward -looking statements" –that is, statements related to future events that by their nature address matters that are, to different degrees, uncertain. For details on the uncertainties that may cause our actual future
results to be materially different than those expressed in our forward -looking statements, see http://www.ge.com/investor -relations/disclaimer -caution -concerning -forward -looking -statements as well as our annual reports on Form 10 -K and
quarterly reports on Form 10 -Q. We do not undertake to update our forward -looking statements. This document also includes certai n forward -looking projected financial information that is based on current estimates and forecasts. Actual
results could differ materially.
NON -GAAP FINANCIAL MEASURES:
In this document, we sometimes use information derived from consolidated financial data but not presented in our financial st atements prepared in accordance with U.S. generally accepted accounting principles (GAAP). Certain of these data
are considered “non -GAAP financial measures” under the U.S. Securities and Exchange Commission rules. These non -GAAP financial measures supplement our GAAP disclosures and should not be considered an alternative to the GAAP
measure. The reasons we use these non -GAAP financial measures and the reconciliations to their most directly comparable GAAP fin ancial measures are included in our quarterly report on Form 10 -Q and the GE earnings supplemental
information package posted to the investor relations section of our website at www.ge.com , as applicable.
Our financial services business is operated by GE Capital Global Holdings LLC (GECGH). In this document, we refer to GECGH as “ GE Capital”. We refer to the industrial businesses of the Company including GE Capital on an equity basis
as “GE”. “GE (ex -GE Capital)” and /or “Industrial” refer to GE excluding GE Capital.
GE’s Investor Relations website at www.ge.com/investor and our corporate blog at www.gereports.com , as well as GE’s Facebook page and Twitter accounts, contain a significant amount of information about GE, including financi al and other
information for investors. GE encourages investors to visit these websites from time to time, as information is updated and n ew information is posted.Financial results & Company highlights
July 31, 20192Summary
Making progress; raising full -year Rev, EPS, FCF outlook-a)… more to do in this reset year
*Non -GAAP measure2Q’19 results 2H’19 actions underway / watch items
•Organic orders +4%; Industrial segment organic revenue*
growth +7%; $396B backlog, +11% vs. prior year
•Adjusted Industrial profit margins* contracted (300) bps.
organically, driven by Renewable Energy, Power & Aviation
… 1H in -line with our full -year outlook
•Realigned Grid Solutions’ equipment & services with
Renewable Energy … triggered non -cash goodwill charge
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Anika Therapeutics