Record Double-Digit Orders Growth
GE Healthcare experienced record double-digit orders growth driven by strong U.S. market performance, particularly in imaging products for cardiology and oncology.
Strong Financial Performance
First quarter revenues were $4.8 billion with a 4% organic revenue growth. Adjusted EBIT margin increased by 30 basis points year-over-year, leading to a 12% year-over-year increase in adjusted EPS to $1.01.
Robust Demand in Imaging Segment
Imaging organic revenue grew by 5% year-over-year, and segment EBIT margin increased by 130 basis points due to productivity, volume, and price improvements.
Successful Product Launches
Launched Flyrcado, a new radiopharmaceutical product, and introduced Revolution Vibe, a dedicated cardiac CT system.
Significant Backlog Increase
Exited the quarter with a record backlog of $20.6 billion, an increase of $1.9 billion year-over-year.