General Electric Company

Overview

Date Founded

1892

Headquarters

485 Lake Mirror Rd # 700, Atlanta, GA, 30349, US

Type of Company

Public

Employees (Worldwide)

174K

Industries

Power & Utilities
Shipping & Delivery
Other Manufacturing
Wholesale: Medical Supplies & Pharmaceuticals
Retail & Commercial Banking
Medical Products & Equipment
Aerospace & Defense
Industrial Machinery & Manufacturing
Electrical Products

Company Description

General Electric Co. engages in the provision of technology and financial services. It operates through the following segments: Power, Renewable Energy, Aviation, Healthcare, and Capital. The Power segment offers technologies, solutions, and services related to energy production, which includes gas and steam turbines, generators, and power generation services. The Renewable Energy segment provides wind turbine platforms, hardware and software, offshore wind turbines, solutions, products and services to hydropower industry, blades for onshore and offshore wind turbines, and high voltage equipment. The Aviation segment provides jet engines and turboprops for commercial airframes, maintenance, component repair, and overhaul services, as well as replacement parts, additive machines and materials, and engineering services. The Healthcare segment provides healthcare technologies in medical imaging, digital solutions, patient monitoring, and diagnostics, drug discovery, biopharmaceutical manufacturing technologies and performance enhancement solutions. The Capital segment leases and finances aircraft, aircraft engines and helicopters, and also provides financial and underwriting solutions. The company was founded by Thomas Alva Edison in 1878 and is headquartered in Boston, MA.

Website

http://www.ge.com

Contact Data

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In The News

The Boston Globe

May 5, 2021

Investors rebuke GE over CEO pay; The move was prompted by an unusual retention plan offered to chief executive Larry Culp that could be worth $57 million.

Nasdaq

March 29, 2021

General Electric (GE) Arm Wins Grid Infrastructure Deal in Nepal

PR Newswire

March 29, 2021

Global Smart Energy Market (2020 to 2027) - by Product, End-user Industry and Region

Nasdaq

March 27, 2021

7 Value Stocks That Will Reward Investors Who Have Some Patience

Business Wire

March 23, 2021

Global Turbine Control System [Gas Turbine; Steam Turbine; Others] Market, Competition, Forecast & Opportunities 2021-2026 - ResearchAndMarkets.com

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Executives & Employees

Larry Culp

Chairman of the Board & Chief Executive Officer

Keith Sherin

Chief Financial Officer

Carolina Dybeck Happe

Senior Vice President & Chief Financial Officer

Mike Holston

Senior Vice President, General Counsel & Secretary

Vic Abate

Senior Vice President & Chief Technology Officer

Hisham Albahkali

President & Chief Executive Officer, GE Saudi Arabia & Bahrain

Chris Pereira

Chief Risk Officer & Vice President, Strategy

L. Kevin Cox

Senior Vice President & Chief Human Resources Officer

Thomas S. Timko

Vice President, Controller & Chief Accounting Officer

Deborah Elam

Chief Diversity Officer

Board of Directors

Larry Culp

Chairman of the Board & Chief Executive Officer at General Electric Company

James S. Tisch

President & Chief Executive Officer at Loews Corp.

Ed Garden

Founding Partner at Trian Fund Management LP

Catherine Lesjak

Chief Financial Officer at Enterprise Services LLC

Francisco D’Souza

Chairman, IT & Electronics Governors Community at The World Economic Forum

Risa Lavizzo-Mourey

Penn Integrates Knowledge Professor of Population Health & Health Equity at University of Pennsylvania - School of Nursing

Leslie F. Seidman

Founder at Pace Univeristy - Center for Excellence in Financial Reporting at the Lubin School of Business

Tom Horton

Partner at Global Infrastructure Management LLP

Paula Reynolds

Chief Executive Officer at Prefer West LLC

Ashton Carter

Co-Director at Harvard University - Belfer Center for Science and International Affairs at the John F. Kennedy School of Government

Distinguished Alumni

Ari A. Chaney is now Founder at Cellular Research, Inc.

Leigh E. Michl is now Chairman & Chief Executive Officer at Ultimus, Inc.

Marcos Rodriquez is now Former Professional at General Electric Company

Trending Organizations

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You

General Electric Company

Owners & Shareholders

Details Hidden

T. Rowe Price Associates, Inc. (Investment Management)

Price Associates uses a complex and multifaceted approach to investment analysis and asset management decisions. They integrate ESG factors into their investment research process. The firm focuses on the ESG factors they consider most likely to have a material impact on the performance of securities in client accounts. Price Associates also focuses on their analytical process on three areas of research: the industry, the contracts issued, and the creditworthiness of each individual issuer.

Details Hidden

Eagle Capital Management LLC

ECM seeks to achieve investment returns superior to broad equity market indices in both up and down markets. They uses a fundamental, bottom-up, research-driven approach to find undervalued companies that will experience long-term secular change. The firm offers one strategy, the Eagle Equity portfolio, which they have managed since its inception. The Eagle Equity strategy invests in US traded public equities. From time to time, investments may include companies trading in the form of ADRs of non-US corporations that fit their investment criteria. Each Eagle Equity portfolio typically holds 25 to 35 positions. ECM generally limits portfolio holdings to 10 percent portfolio weights at market value and they primarily invest in the securities of larger capitalization companies. From time to time, they may also consider lower-cap companies.

Details Hidden

Pzena Investment Management LLC

Pzena Investment Management is a global investment management firm that employs a classic value investment approach. The firm began managing assets on January 1, 1996. Our solid return record and reputation for business integrity, research excellence, and devotion to our investment philosophy has led to significant growth in our business. As of February 28, 2013, the firm managed $18.9 billion in assets for leading corporate, public, and individual clients. Our team is made up of 69 employees. Our headquarters is in New York City, with a representative office in Melbourne, Australia.

Recent Transactions

Details Hidden

Andritz AG, Andritz AB purchase GE Power Sweden AB /Air Quality Control System Bus from General Electric Company

Details Hidden

AerCap Holdings NV purchases GE Capital Aviation Services Ltd. from General Electric Company

Details Hidden

GE India Industrial Pvt Ltd., General Electric Company purchase GE T&D India Ltd. /Global Engineering Operations Division from GE T&D India Ltd.

Transaction Clients

Baker Hughes Co.

Advised on Baker Hughes Co. issued USD Common Stock

Westinghouse Air Brake Technologies Corp.

Advised on Westinghouse Air Brake Technologies Corp. issued USD Common Stock

Investment Advisor

3i Group Plc

Advised on A & A Manufacturing Co., Inc. /Private Group purchases Dynatect Manufacturing, Inc. from Audax Private Equity

Insider Transactions

Details Hidden

Paula Reynolds

Transaction Advisors

Auditor

KPMG LLP

Advised onGeneral Electric Company issued USD Common Stock

Legal Advisor

Weil, Gotshal & Manges LLP

Advised onComcast Corporation purchases NBCUniversal Media LLC from General Electric Company

Accountant

KPMG Peat Marwick LLP

Advised onGeneral Electric Company, Leconport Estates, BT Group Plc purchase MEPC (1946) Ltd.

Legal Advisor

Kenneth H. Heitner

Advised onComcast Corporation purchases NBCUniversal Media LLC from General Electric Company

Legal Advisor

Waajid Siddiqui

Advised onGeneral Electric Company purchases Baker Hughes Holdings LLC resulting in a new company Baker Hughes Co.

Legal Advisor

Annemargaret Connolly

Advised onGeneral Electric Company purchases NBCUniversal Media LLC from Vivendi SE

Advisors & Consultants

Advisor

Magellan International LP

Magellan International, L.P. is the adviser of choice among top professional services firms seeking guidance and counsel on talent acquisition. For over fifteen years, we have helped leading advisory services, management consulting, IT Services firms and Fortune 500 companies navigate the professional services talent pool. By acting as a trusted adviser to both clients and candidates, we leverage our deep experience to build long-standing relationships and facilitate executive level hires that are persistent.

Legal Advisor

Lyle G. Ganske

Partner at Jones Day

Legal Advisor

E. Kendrick Smith

Partner at Jones Day

Legal Advisor

Nicholas E. Rodriguez

Partner at Jones Day

Clients

The Home Depot

The Home Depot, Inc. engages in the sale of building materials and home improvement products. Its products include building materials, home improvement products, lawn and garden products and decor products. The firm operates through the following geographical segments: U.S., Canada and Mexico. It offers home improvement installation services, and tool and equipment rental. The company was founded by Bernard Marcus, Arthur M. Blank, Kenneth Gerald Langone and Pat Farrah on June 29, 1978 and is headquartered at Atlanta, GA.

Government of India

Rosneft Oil Co.

Key Stats and Financials As of 2020

Market Capitalization

$116B

Total Enterprise Value

$131B

Earnings Per Share

$0.58

Revenue

$79.9B

Total Equity

$37.6B

Total Debt

$78.4B

Net Profit

$5.57B

EBITDAMargin

11.36%

EBITDA

$9.08B

Enterprise Value / Sales

1.64x

Enterprise Value EBITDAOperating

14.07x

TEVNet Income

23.53x

Debt TEV

0.6x

Non-Profit Donations & Grants

$100 - $499

2019

Save Mount Diablo

$100K +

2019

Cincinnati Art Museum

$1,000 - $4,999

2019

University of Akron Foundation

Non-Profit Donations & Grants Received

$3M

10/2015

Ronald Reagan Presidential Foundation and Institute

Political Donations

$2,000

2014

Loretta Sanchez

$1,000

2014

Lynn Westmoreland

$1,000

2014

Ronald Dion DeSantis

Investments

Details Hidden

Attivio, Inc.

Attivio, Inc. operates a software company, which specializes in enterprise search solutions and unified information access. Its products include data source discovery, search based applications, content analytics, data discovery for sportfire and data discovery for tableau. Attivio was founded by Ali I. Riaz, Sid Probstein, Rik Tamm-Daniels, Martin Serrano, William K. Johnson III and Andrew McKay in 2007 and is headquartered in Newton, MA.

Details Hidden

Genpact Global Holdings SICAR SARL

Genpact Global provides business services and technology solutions. The company services are divided into functional practices and industrial practices. Its industrial practices include banking, finance, insurance, manufacturing, transportation and automotive areas. The company functional practices include sales and marketing analytics, supply chain and aftermarket services, finance and accounting, information technology services, enterprise application services and program management. Genpact has offices in China, Mexico, Hungary, Romania and the United States. The company was founded by Pramod Bhasin in 1997 and is headquartered in Gurgaon, India.

Details Hidden

Mubadala Infrastructure Partners

Mubadala Infrastructure Partners provides infrastructure investment and development services. It invests in greenfield and operating assets and projects in the power, water, utilities, social infrastructure, transportation, water, energy, and telecommunications infrastructure fields. The company was founded by Philip K. Haddad in 2008 and is headquartered in Abu Dhabi, United Arab Emirates.

Investors

Details Hidden

Ravi Belani

Managing Partner at Alchemist Accelerator LLC

Details Hidden

Juan Enriquez

Co-Founder at Synthetic Genomics, Inc.

Details Hidden

Nathaniel P. Rothschild

Executive Chairman at Volex Plc

Suppliers

AAR Corp. Industrial Machinery & Manufacturing | Wood Dale, IL

AAR is an independent provider of aviation services to commercial and government customers worldwide. Our aftermarket expertise and award-winning solutions help customers increase efficiency and reduce costs while maintaining high levels of quality, service and safety.

CECO Environmental Corp. Power & Utilities | Cincinnati, Ohio

CECO Environmental Corp. engages in the provision of engineering technology and solutions. It offers services in the field of environment, energy, fluid handling, and filtration. The firm operates through the following segments: Energy Solutions, Industrial Solutions and Fluid Handling Solutions. The Energy Solutions segment improves air quality and solves fluid handling needs with market engineered, and customized solutions for the power generation, oil and gas, and petrochemical industries. The Industrial Solutions segment serves the industrial pollution control market. The Fluid Handling Solutions segment provides pump and filtration solutions that maintain safe and clean operations in some of the most harsh and toxic environments. The company was founded by Phillip DeZwirek in 1966 and is headquartered in Dallas, TX.

Esterline Technologies Corp. Electrical Products | Bellevue, WA

Esterline Technologies Corp. engages in the manufacture of aircraft parts and components, automated drilling products and machine tool systems. Its brands include Armtec, Auxitrol, CMC, Darchem, Jsanco, Leach and LRE. The company was founded on December 14, 1987 and is headquartered in Bellevue, WA.

Competitors

Raytheon Technologies Corp. Aerospace & Defense - Waltham, MA

Raytheon Technologies Corp. is an aerospace and defense company, which engages in the provision of aerospace and defense systems and services for commercial, military, and government customers. It operates through the following segments: Collins Aerospace Systems, Pratt and Whitney, Raytheon Intelligence and Space, and Raytheon Missiles and Defense. The Collins Aerospace Systems segment specializes in the aero structures, avionics, interiors, mechanical systems, mission systems, and power controls. The Pratt and Whitney segment includes design and manufacture of aircraft engines and auxiliary power systems for commercial, military, and business aircraft. The Raytheon Intelligence and Space segment involves in the development of sensors, training, and cyber and software solutions. The Raytheon Missiles and Defense segment offers end-to-end solutions to detect, track, and engage threats. The company was founded in 2020 and is headquartered in Waltham, MA.

Honeywell International, Inc. Aerospace & Defense - Charlotte, NC

Honeywell is a Fortune 100 technology company that delivers industry-specific solutions that include aerospace products and services; control technologies for buildings and industry; and performance materials globally. Their technologies help aircraft, buildings, manufacturing plants, supply chains, and workers become more connected to make the world smarter, safer, and more sustainable.

Rolls-Royce Holdings Plc Aerospace & Defense - London, Gbr

Rolls-Royce Holdings Plc designs, develops, manufactures, and services integrated power systems for use in the air, on land, and at sea. The company operates its business through following segments: Civil Aerospace, Power Systems, Defense and ITP Aero. The Civil Aerospace segment offers commercial aero engines and aftermarket services. The Power Systems segment includes engines, power systems and nuclear systems for civil power generation. The Defense segment consists of military aero engines, naval engines, submarines and aftermarket services. The ITP Aero segment provides aeronautical engines and gas turbines. The company was founded in March 1906 and is headquartered in London, the United Kingdom.

Awards & Honors

Rank #11

2016

Fortune Magazine - Fortune 1000 Companies