2024-07-16
http://w3.windfair.net/wind-energy/news/42979-ge-earnings-2022-quarter-results-cash-flow-vernova-orders-wind-turbine-era

GE posts Q4 results

Improved earnings and cash at Power with orders up double digits in the fourth quarter while Renewable Energy organic orders increased high single digits and Grid achieved profitability.

Official Press Release GE:

GE announces fourth quarter 2022 results

Wind Industry Profile of
GE announces fourth quarter 2022 results

Total orders $25.4B, +15%; organic orders +18% / Total revenues (GAAP) $21.8B, +7%; adjusted revenues* $21.0B, +11% organically* / Profit margin (GAAP) of 10.3%, +2,740 bps; adjusted profit margin* 10.3%, +290 bps organically* / Continuing EPS (GAAP) of $1.99, +$5.23; adjusted EPS* $1.24, +$0.42 / Cash from Operating Activities (GAAP) $4.6B, +$2.2B; free cash flow* $4.3B, +$0.6B

Full year 2022: Total orders $83.0B, +4%; organic orders +7% Total revenues (GAAP) $76.6B, +3%; adjusted revenues* $73.6B, +6% organically* Profit margin (GAAP) of 1.8%, +680 bps; adjusted profit margin* 7.9%, +160 bps organically* Continuing EPS (GAAP) of $0.53, +$3.78; adjusted... ... More: Official Press Release GE

Keywords:
GE, earnings, 2022, quarter, results, cash flow, Vernova, orders, wind turbine, era







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