GE reports Q4 2022 adj EPS $1.24 (+51%), revenue +7%; guides FY23 adj EPS $1.60-$2.00

GENERAL ELECTRIC CO

2022-FY EPS reported -$0.05 revenue$76,555,000,000

Q4 GAAP continuing EPS $1.99 vs ($3.24) prior year; adjusted EPS $1.24 vs $0.82, +51%.
Q4 total revenues $21.8B (+7%); adjusted organic revenue +11%; free cash flow $4.3B (+16%).
Full-year 2022 adjusted EPS $2.62 vs $1.71 (+53%); FCF $4.8B vs $1.9B prior year.
2023 guidance: organic revenue high single digits; adjusted EPS $1.60-$2.00; FCF $3.4-$4.2B.
Debt reduced ~$100B since 2018; $6.4B tender in Q4; share repurchases $1.0B in 2022.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

GENERAL ELECTRIC CO reported Full year 2022 results: revenue Total revenues (GAAP) $76.6B, EPS Continuing EPS (GAAP) of $0.53.

Period: Full year 2022
Revenue: Total revenues (GAAP) $76.6B
EPS: Continuing EPS (GAAP) of $0.53
Result: reported results

Exact text from the filing

Full year 2022: • Total orders $83.0B, +4%; organic orders +7% • Total revenues (GAA P) $76.6B, +3%; adjusted revenues* $73.6B, +6% organically* • Profit margin (GAAP) of 1.8%, +680 bps; adjusted profit margin* 7.9%, +160 bps organically* • Continuing EPS (GAAP) of $0.53, +$3.78; adjusted EPS* $2.62, +$0.91

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

GENERAL ELECTRIC CO reported Fourth quarter 2022 results: revenue Total revenues (GAAP) $21.8B, EPS Continuing EPS (GAAP) of $1.99.

Period: Fourth quarter 2022
Revenue: Total revenues (GAAP) $21.8B
EPS: Continuing EPS (GAAP) of $1.99
Result: reported results

Exact text from the filing

Fourth quarter 2022: • Total orders $25.4B, +15%; organic orders +18% • Total revenues (GAAP) $21.8B, +7%; adjusted revenues* $21.0B, +11% organically* • Profit margin (GAAP) of 10.3%, +2,740 bps; adjusted profit margin* 10.3%, +290 bps organically* • Continuing EPS (GAAP) of $1.99, +$5.23; adjusted EPS* $1.24, +$0.42

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GENERAL ELECTRIC CO filing history →

Source: SEC EDGAR

accession 0000040545-23-000019

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