GE HealthCare Technologies Inc.

GEHC
Sector

Healthcare

Industry

Health Information Services

Market Cap

$35.22B

Employees

51K

Company Overview

GE HealthCare Technologies Inc. is a global medical technology, pharmaceutical diagnostics, and digital solutions innovator. The company operates at the center of the healthcare ecosystem, providing medical devices, consumable products, service capabilities, and digital solutions. They have a strong market position and competitive advantages due to their broad service capabilities, dedication to quality, and a strong operational culture. GE HealthCare serves customers in approximately 160 countries with a global team and a network of manufacturing sites.

Filing Highlights

Key insights and themes extracted from this filing

10 Themes

Financial Performance

3 Insights

Total revenues decreased by 1% year-over-year, from $4.707B to $4.650B, primarily due to a 3% decrease in product sales, partially offset by a 2% increase in service sales.

Net income attributable to GE HealthCare increased from $372M to $374M year-over-year, despite the revenue decline, indicating improved cost management or other factors.

Operating income decreased from $559M to $540M year-over-year, reflecting the impact of decreased revenues and increased operating expenses, particularly in R&D.

Growth & Strategy

3 Insights

Management Execution

3 Insights

Risk Factors

3 Insights

Competitive Position

3 Insights

Operational Efficiency

3 Insights

Innovation & Technology

3 Insights

Capital Allocation

3 Insights

ESG initiatives

1 Insight

Market Environment

3 Insights