Home » General Electric’s (GE) CEO Jeffrey Immelt on Q3 2014 Results – Earnings Call Transcript

General Electric’s (GE) CEO Jeffrey Immelt on Q3 2014 Results – Earnings Call Transcript

Corporate is on track as expected and as expected, corporate has been a drag in 2014 because of restructuring investments exceed gains. However, this will be a real tailwind in 2015.

Cash and revenues remain on track and we expect fourth quarter organic revenue to be robust. Despite a volatile global environment, GE expects to have a good fourth quarter and deliver on our 2014 framework. In addition, we are changing the portfolio to position GE for long-term growth.

The GE team has done a good job of both strategic and operational execution. With a big backlog, high levels of recurring revenue and a restructuring program already in place,, we believe that GE will deliver for investors in times like these.

Now, Matt let’s turn it back over to you and take some questions.

Matthew Cribbins – Vice President, Investor Communications

All right, thanks, Jeff, Why don’t we open up and take some questions now?

Question-and-Answer Session

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