Reporting GE’s third-quarter results, GE Chairman and CEO Larry Culp said the company delivered “another strong quarter as orders, margins and cash improved.” The results benefited from “continued signs of recovery” in the aviation market, Culp said, but he stressed that GE’s focus on continuous improvement and lean management was driving broader operational and financial progress. He also said that the company was managing through significant challenges, such as supply chain disruptions and onshore wind market pressure due to the U.S. production tax credit (PTC).
“GE is operating from a position of strength today,” Culp told investors.
Source: Third-Quarter Earnings Results: Strong Performance Continues | GE News