General Electric Q3 Report 2023

Significant top-line, operating profit, and cash growth; raising 2023 guidance;

GE Aerospace and GE Vernova to launch beginning of the second quarter of 2024

Third quarter 2023:

Total orders of $17.9B, +19%; organic orders +18%
Total revenues (GAAP) of $17.3B, +20%; adjusted revenues* $16.5B, +18% organically*
Profit margin (GAAP) of 1.7%, +330 bps; adjusted profit margin* 9.8%, +760 bps organically*
Continuing EPS (GAAP) of $0.08, +$0.36; adjusted EPS* $0.82, +$0.99
Cash from Operating Activities (GAAP) of $1.9B, +$1.1B; free cash flow* $1.7B, +$1.0B

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