secwatch.observer — SEC 8-K summary
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Issuer:     GENERAL ELECTRIC CO (GE)
CIK:        0000040545
Form:       8-K
Filed at:   2023-10-24T23:59:59+00:00
Accession:  0000040545-23-000240
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/40545/000004054523000240/0000040545-23-000240-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/40545/000004054523000240/ge-20231024.htm
  HTML page:      https://secwatch.observer/filing/0000040545-23-000240

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