Inside Larry Culp’s playbook for fixing GE
Fortune profiles GE CEO Larry Culp’s turnaround since 2018, citing GE’s market cap falling to about $96B and roughly $150B debt, then deleveraging and simplifying. It says GE split into GE HealthCare, GE Vernova and GE Aerospace in 2023-24, with combined equity near $700B. GE Aerospace Q2 2026: $3B free cash flow (+43% YoY), adj EPS $2.02, revenue $12.63B (+24%). Morningstar raised fair value to $347.



