Farewell to General Electric! Manufacturing Pearl of the United States completed its spin off and listing on Tuesday
胡胡胡美丽_ss
发表于 2024-4-3 17:42:46
197
0
0
General Electric was once one of the top jewels in the American industrial sector, known at its peak as the "universal enterprise". From aircraft engines to household light bulbs, it was the company's production scope.
However, as time passed, this massive enterprise group had to face restructuring after years of stagnation and sluggish performance. On Tuesday, the plan to split the company into three independent companies and go public officially came to an end, with the aviation, energy, and healthcare companies all listed for trading, marking the end of the era of the former giant General Electric.
The spin off of General Electric means that this large corporate group has reached its peak in cutting expenses and also marks a shift in the corporate structure that has dominated American business for decades.
Three parts of the world
General Electric announced in November 2021 that it plans to spin off into three companies, focusing on three different areas. The company had already abandoned its well-known equipment manufacturing business, and as early as 2020, General Electric stopped selling its representative light bulb products.
In a letter to shareholders in February this year, CEO Larry Culp reviewed General Electric's history and emphasized that the establishment of General Electric was largely due to the enthusiastic and sincere efforts of its employees. The completion of the company's spin off is not the end, but a beginning.
The aviation business led by Culp will essentially inherit most of General Electric's legacy, continuing to produce jet and turboprop engines, while retaining the stock code "GE".
General Electric Aerospace has installed approximately 44000 commercial aircraft engines and approximately 26000 military and defense aircraft engines worldwide, with adjusted revenue of approximately $32 billion last year. It is expected that the company's operating profit will reach approximately $10 billion by 2028.
The energy sector is known as GE Vernova, which includes renewable energy companies, power companies, digital companies, and energy financial services companies. GE Vernova has installed over 7000 gas turbines and approximately 55000 wind turbines, with its products reportedly producing approximately 30% of the world's electricity. The company officially conducted transactions on Tuesday under the name of GE Vernova, with the code "GEV".
The healthcare company is called GE Healthcare, providing diagnostic scanners, imaging patents, and software services. The company started listing on NASDAQ in January 2023, with the stock code "GEHC".
So far, the stock price of the medical business that was first spun off has remained strong. Since its listing, GE Healthcare's stock price has risen by nearly 50%, while its parent company GE's stock price has risen by nearly 170%.
The market is paying attention to whether the spin off of GE Vernova will continue to help General Electric regain market confidence, or will it fall into an awkward state of being ignored.
CandyLake.com 系信息发布平台,仅提供信息存储空间服务。
声明:该文观点仅代表作者本人,本文不代表CandyLake.com立场,且不构成建议,请谨慎对待。
声明:该文观点仅代表作者本人,本文不代表CandyLake.com立场,且不构成建议,请谨慎对待。
猜你喜欢
- Sell off Bank of America again! Buffett wants to clear his position? Berkshire Hathaway rises for 5 consecutive days
- Important data released by the United States! Nvidia's market value fell by over 6%, evaporating 1.4 trillion yuan overnight! Market Focus on Next Week's August Non farm Employment Report
- General Electric reportedly plans to acquire British startup Satavia
- 제너럴일렉트릭, 영국 스타트업 사타비아 인수 예정
- General Electric reportedly plans to acquire British startup Satavia
- 제너럴일렉트릭, 영국 스타트업 사타비아 인수 예정
- Japanese iron making: if the acquisition is successful, the American steel board will be dominated by Americans
- Boeing's Starliner spacecraft lands in New Mexico
- Shortly after delivering the 14th car, FF launched its second brand! Jia Yueting: Price announcement for a popular product that offers "twice the performance, half the price" for American users!
- China Photovoltaic Industry Association: The United States provides a large amount of photovoltaic subsidies in violation of regulations, distorting the global photovoltaic market
-
每经AI快讯,据亿航智能官微消息,公司EH216-S无人驾驶电动垂直起降航空器(eVTOL)获得巴西国家民航局颁发的试验飞行许可证书,并计划在巴西进行测试和试飞。关于EH216-S无人驾驶eVTOL在巴西的认证,中国民航局 ...
- 潇湘才子
- 昨天 08:41
- 支持
- 反对
- 回复
- 收藏
-
今年7月,美国三大海外“债主”所持美国国债齐刷刷缩水,其中日本美债持仓已降至去年10月以来最低。 根据美国财政部当地时间9月18日公布的国际资本流动报告(TIC),2024年7月,美国前三大海外“债主”日本 ...
- 520hacker
- 3 天前
- 支持
- 反对
- 回复
- 收藏
-
上证报中国证券网讯(记者俞立严)9月19日,蔚来全新品牌乐道的首款车型——乐道L60正式上市。新车定位家庭智能电动SUV,在采用BaaS电池租用服务后,L60的售价可低至14.99万元,电池租用月费最低为599元。乐道L6 ...
- anhao007
- 前天 11:03
- 支持
- 反对
- 回复
- 收藏
-
【博通或未在评估对英特尔发出收购要约】知情人士透露,博通目前没有在评估向英特尔发出收购要约。该公司曾评估过是否寻求交易,顾问在继续向博通提出建议。 ...
- jnengw
- 6 分钟前
- 支持
- 反对
- 回复
- 收藏