General Electric Q1 Report 2023

GE ANNOUNCES FIRST QUARTER 2023 RESULTS

Double-digit orders and revenue growth with positive free cash flow; raising low end of 2023 guidance

First quarter 2023:

• Total orders $17.6B, +25%; organic orders +26%
• Total revenues (GAAP) $14.5B, +14%; adjusted revenues* $13.7B, +17% organically
• Profit margin (GAAP) of 44.8%, +5,410 bps; adjusted profit margin 6.4%, +330 bps organically
• Continuing EPS (GAAP) of $5.56, +$6.72; adjusted EPS* $0.27, +$0.36
• Cash from Operating Activities (GAAP) $0.2B, +$1.1B; free cash flow $0.1B, +$1.3B