GENERAL ELECTRIC CO
For the period ended Mar 31, 2025. Filed Apr 22, 2025.
View on SEC.govAbout this filing
A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2025 · Filed Apr 22, 2025
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Results
| REVENUE | Three months ended March 31 | |
|---|---|---|
| 2025 | 2024 | |
| Equipment revenue | $2,653 | $2,421 |
| Services revenue | 6,347 | 5,655 |
| Insurance revenue | 934 | 879 |
| Total revenue | $9,935 | $8,955 |
For the three months ended March 31, 2025, total revenue increased $1.0 billion, or 11%, compared to the three months ended March 31, 2024. Equipment revenue increased, driven by improved customer mix and pricing. Services revenue increased, primarily due to increased spare parts volume, increased internal shop visit volume and shop visit workscope.
42025 1Q FORM 10-Q
| NET INCOME (LOSS) AND EARNINGS (LOSS) PER SHARE (EPS) | Three months ended March 31 | |
|---|---|---|
| (Per-share in dollars and diluted) | 2025 | 2024 |
| Net income (loss) from continuing operations attributable to common shareholders | $1,967 | $1,741 |
| Continuing EPS | $1.83 | $1.58 |
For the three months ended March 31, 2025, continuing net income increased $0.2 billion compared to the three months ended March 31, 2024, driven by an increase in segment profit of $0.5 billion and decreases of $0.2 billion in separation costs and $0.1 billion in restructuring and other charges. The increase was partially offset by a decrease in gains on retained and sold ownership interests of $0.6 billion, primarily related to our prior investment in GE HealthCare. Adjusted net income* was $1.6 billion, an increase of $0.6 billion, due to an increase in segment profit of $0.5 billion and a decrease in Adjusted Corporate & Other operating costs* of $0.1 billion.
Profit was $2.2 billion, an increase of $0.3 billion. Profit margin was 22.6%, an increase from 22.2%. Operating profit* was $2.1 billion, an increase of $0.6 billion. Operating profit margin* was 23.8%, an increase of 460 basis points. Adjusted EPS* was $1.49, an increase of 60%.
| RPO | March 31, 2025 | December 31, 2024 |
|---|---|---|
| Equipment | $23,306 | $22,509 |
| Services | 149,293 | 149,127 |
| Total RPO | $172,599 | $171,635 |
As of March 31, 2025, RPO increased $1.0 billion, or 1%, from December 31, 2024, at Defense & Propulsion Technologies and Commercial Engines and Services, primarily from equipment orders outpacing revenue recognized.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.