earnings
confidence high
sentiment neutral
materiality 0.70
GE HealthCare reports Q2 2024: flat revenue, margin expansion, updates guidance
GE HealthCare Technologies Inc.
2024-Q2 EPS reported
$1.75
revenue$9,489,000,000
- Revenue flat at $4.8B; organic revenue grew 1% YoY; net income margin improved to 8.9% from 8.7%.
- Adjusted EBIT margin expanded to 15.3% (up 60 bps); adjusted EPS rose to $1.00 from $0.92.
- Full-year organic revenue growth guidance lowered to 1-2% (from ~4%) due to China headwinds; adjusted EBIT margin guidance raised to 15.7-16.0%.
- Cash flow from operations was -$119M vs -$67M; free cash flow -$182M vs -$136M.