I appreciate his clarity, transparency and business-first philosophy, and I believe his leadership will be invaluable to GE as we enter our next chapter. Eastern Time, the content of which is not part of this press release. Also at that time, the GE Board expects to adjust the GE dividend with a target dividend policy in line with industrial peers.
For us, particular uncertainties that could cause our actual results to be materially different than those expressed in our forward-looking statements include: In addition to the pending combination of its Transportation business with Wabtec, GE plans to separate GE Healthcare into a standalone company, pursue an orderly separation from BHGE over the next two to three years, make its corporate structure leaner and substantially reduce debt.
There is significant uncertainty on the timing and amount of events that could give rise to items included in the determination of this metric, including the timing and magnitude of restructuring activities and the timing of dispositions. The structure, sequence and timing of these transactions will be determined and announced at a later date, but are expected to be completed over the next 12 to 18 months.
Non-GAAP Financial Measures In this document, we sometimes use information derived from consolidated financial data but not presented in our financial statements prepared in accordance with U.
The call will begin today at 8: GE drives the world forward by tackling its biggest challenges: The change is effective today. GE will focus on Aviation, Power and Renewable Energy, creating a simpler, stronger, leading high-tech Industrial company.
We are aggressively driving forward as an aviation, power and renewable energy company—three highly complementary businesses poised for future growth.
The new GE Operating System will result in a smaller corporate headquarters focused primarily on strategy, capital allocation, talent and governance.
GE expects to maintain its current quarterly dividend, subject to Board approval, until GE Healthcare is established as an independent entity. GE Healthcare will conduct business as usual throughout this process, continuing to serve its partners and customers.
GE Aviation continues to be a leader in the aviation industry. As an independent global healthcare business, we will have greater flexibility to pursue future growth opportunities, react quickly to changes in the industry and invest in innovation.
We will now move forward with purpose to make our company simpler and stronger and accelerate growth across our businesses. We do not undertake to update our forward-looking statements. An archived version of the webcast will be available on the website after the call.Join the Nasdaq Community today and get free, instant access to portfolios, stock ratings, real-time alerts, and more!
GE is making fundamental changes to how it will run the company. The new GE Operating System will result in a smaller corporate headquarters focused primarily on strategy, capital allocation, talent and governance.
GE shares pop after it reveals plan to spin off health-care unit, post best day in 3 years. Find the best Digital Asset Management Software using real-time, up-to-date data from over verified user reviews.
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