Monday, January 30, 2023

GE HealthCare Q4 Net Income Declines, Organic Revenues Up 13%; Reaffirms 2023 Guidance

GE HealthCare (GEHC) reported that its fourth-quarter adjusted EPS was $1.31 compared to $1.36, prior year. Standalone adjusted EPS for the fourth quarter of 2022 was estimated at $1.06, which included the impact of standalone costs, interest, and tax. Adjusted EBIT was $844 million compared to $827 million. Adjusted EBIT margin was 17.1% versus 18.0%, impacted by inflation, mix, planned R&D investment, and foreign exchange headwinds, partially offset by price and volume gains. Standalone adjusted EBIT margin for the fourth quarter of 2022 is estimated at 16.1%.

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