Healthcare
Health Information Services
$35.22B
51K
Key insights and themes extracted from this filing
Total revenues increased by 1% YoY, with sales of services increasing by 2% while sales of products decreased by 1%. This indicates a shift in revenue mix but overall flat growth.
Gross profit increased by $91 million or 150 basis points as a percent of Total revenues due to a reduction in cost of products sold and an increase in pricing of services. This indicates improved profitability at the gross level.
Net income attributable to GE HealthCare increased by 25% YoY to $470 million, driven by improved operating income and a decrease in the provision for income taxes. This indicates a strong bottom-line performance.