General Electric Half-Year Report 2023

Double-digit growth in orders, revenue, operating profit, and cash; raising 2023 guidance

Second quarter 2023:

• Total orders of $22.0B, +59%; organic orders +58%
• Total revenues (GAAP) of $16.7B, +18%; adjusted revenues $15.9B, +19% organically
• Profit margin (GAAP) of 8.3%, +1,510 bps; adjusted profit margin 8.8%, +160 bps organically
• Continuing EPS (GAAP) of $0.91, +$2.00; adjusted EPS $0.68, +$0.32
• Cash from Operating Activities (GAAP) of $0.3B, $(0.2)B; free cash flow $0.4B, +$0.2B