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 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.

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