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 were $4.839 billion, flat compared to the prior year, with a 1% organic growth. Sales of services increased by 2%, while sales of products decreased by 1%.

Gross profit increased to $2.002 billion, up from $1.940 billion in the prior year, driven primarily by a reduction in cost of products sold and increased pricing of services.

Net income attributable to GE HealthCare was $428 million, compared to $418 million in the prior year, primarily due to the increase in operating income.

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

3 Insights

Market Environment

3 Insights