earnings
confidence high
sentiment positive
materiality 0.75
GE HealthCare Q3 adj EPS $1.14, revenue $4.9B; raises FY margin and EPS guidance
GE HealthCare Technologies Inc.
2024-Q3 EPS reported
$2.77
revenue$14,353,000,000
- Revenue $4.9B, +1% YoY reported and organic; orders +1% organically, book-to-bill 1.04x.
- Adj EPS $1.14 vs $0.99; net income $470M; net margin 9.7% vs 7.8%; Adj EBIT margin 16.3%, +90bps.
- Free cash flow $651M vs $570M; cash from ops $742M, +$92M YoY.
- FY24 guidance: Adj EPS $4.25-4.35 (prev $4.20-4.35); Adj EBIT margin 15.8-16.0% (prev 15.7-16.0%).
- China softness offsets US growth; PDx segment revenue +6% organic; Imaging flat.