GE Q3 beats: adj. EPS $0.82, rev $16.5B; raises FY23 guidance; spin-off on track for Q2 2024

GENERAL ELECTRIC CO

2023-Q3 EPS reported $6.91 revenue$48,531,000,000

Total orders $17.9B (+19%); adjusted revenue $16.5B (+18% organic); adjusted profit margin 9.8% (+760 bps organic).
Continuing EPS $0.08 GAAP, adjusted EPS $0.82 (+$0.99 YoY); free cash flow $1.7B (+$1.0B).
Raising full-year 2023 guidance on year-to-date momentum and Q4 outlook.
GE Aerospace orders +34%, revenue +25%; Defense revenue +8% led by services and Edison Works.
GE Vernova Renewable Energy revenue +14% organic, Power +9%; Onshore Wind profitable; spin-off plan on track for early Q2 2024.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

GENERAL ELECTRIC CO updated its third quarter ending September 30, 2023 guidance (raised).

Period: third quarter ending September 30, 2023
Guidance: raised
Result: reported results

Exact text from the filing

On October 24, 2023, General Electric Company (the "Company") released its third-quarter 2023 financial results on its investor relations website at www.ge.com/investor. A copy of these is attached as Exhibit 99 and incorporated by reference herein.

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Source: SEC EDGAR

accession 0000040545-23-000240

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