GE Aerospace said it completed the separation of GE Vernova on April 2, 2024 and allocated one share of GE Vernova common stock for every 4 shares of its common stock held as of March 19, and that it no longer consolidates GE Vernova into its financial statements.

1. 01

   GE Aerospace said it completed the separation of GE Vernova on April 2, 2024 and allocated one share of GE Vernova common stock for every 4 shares of its common stock held as of March 19, and that it no longer consolidates GE Vernova into its financial statements.

2. 02

   The company said that, after reclassifying GE Vernova to discontinued operations, its full-year 2023 total continuing-operations revenue was revised to $35.3 billion from the reported $68.0 billion, and its adjusted profit margin (non-GAAP) was 17.4%.

3. 03

   The company presented its full-year 2023 free cash flow (non-GAAP) as revised to $4.7 billion after the GE Vernova reclassification, compared with the reported $5.2 billion.

4. 04

   The company said its full-year 2023 adjusted profit (non-GAAP) changed from the reported $3.1 billion to a revised $3.2 billion, and adjusted earnings per share changed from $2.81 to $2.95.

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Original filing

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