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.
Company Info
| CEO | H. Lawrence Culp Jr. |
| CEO Title | Chairman & Chief Executive Officer |
| Sector | Industrials |
| Industry | Industrial Machinery |
| HQ Location | Boston, Mass. |
| Website | www.ge.com |
| Years on Fortune 500 List | 65 |
| Employees | 283,000 |
Key Financials (Last Fiscal Year)
| Revenues ($M) | $120,268 |
| Profits ($M) | $-22,355 |
| Assets ($M) | $309,129 |
| Total Stockholder Equity ($M) | $30,981 |
Profit Ratios
| Profit as % of Revenues | -18.6% |
| Profits as % of Assets | -7.2% |
| Profits as % of Stockholder Equity | -72.2% |
Earnings Per Share (Last Fiscal Year)
| Earnings Per Share ($) | -262 |
| 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% |
