other material
confidence high
sentiment neutral
materiality 0.80
GE completes Vernova spin-off, restates 2023 financials with Vernova as discontinued ops
GENERAL ELECTRIC CO
- Distribution completed April 2, 2024; each GE share received 1/4 share of GE Vernova for holders of record March 19, 2024.
- GE Vernova began trading on NYSE under ticker 'GEV' on April 2, 2024.
- GE Aerospace now operates through two segments: Commercial Engines and Services and Defense and Propulsion Technologies.
- Historical Vernova results reclassified to discontinued operations for all 2023 periods; preliminary supplemental financials provided.
- No revision to previously filed financial statements; reclassification for comparability only.