2022-12-04
http://w3.windfair.us/wind-energy/news/41521-ge-results-quarter-second-q2-spin-off-orders-revenue-cash-flow-adjusted-key-driver-performance

GE posts Q2 results

Image: GE Renewable EnergyImage: GE Renewable Energy
GE continued to take recent action on its priorities.

Official Press Release GE :

GE announces second quarter 2022 results

Wind Industry Profile of
GE announces second quarter 2022 results

Strong quarter; planned spin-offs on track

Total orders $18.7B, +2%; organic orders +4% Total revenues (GAAP) $18.6B, +2%; adjusted revenues* $17.9B, +5.0% organically* Profit margin (GAAP) of (1.3)%, +440 bps; adjusted profit margin* 9.3%, +380 bps organically* Continuing EPS (GAAP) of  $(0.59), $(0.02); adjusted EPS* $0.78, +$0.56 Cash from Operating Activities (GAAP) $0.5B, +$0.9B; free cash flow* $0.2B, $(0.0)B, ex. disc. factoring* +$0.0B   GE (NYSE:GE) announced results today for the second quarter ending June 30, 2022. GE Chairman and CEO and GE Aerospace CEO H. Lawrence Culp, Jr. said, “The GE team delivered a strong second quarter with growth in orders, revenue,... ... More: Official Press Release GE

Keywords:
GE, results, quarter, second, Q2, spin off, orders, revenue, cash flow, adjusted, key driver, performance







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