Strong Revenue Growth
GE HealthCare reported revenues of $5 billion in the quarter with organic growth of 2%, at the high end of their expected range.
Record Backlog and Book-to-Bill
The company exited the quarter with a record backlog of $21.3 billion, up $2.2 billion year-over-year, and a strong book-to-bill ratio of 1.07x.
Strategic Collaborations
GE HealthCare secured their largest order ever of Omni Legend PET/CT systems in the U.S. and entered strategic collaborations, including a $90 million deal with Ascension and a $250 million collaboration in Europe.
EPS and Free Cash Flow Growth
The company delivered strong adjusted EPS of $1.06 per share, up 6% year-over-year, and free cash flow of $7 million, up $189 million versus the prior year.
R&D Investments and New Product Success
New product introductions generated over 50% of sales, demonstrating success of R&D investments.
Improved Guidance
The company raised its full-year 2025 organic revenue growth guidance to approximately 3% and adjusted EPS guidance to between $4.43 and $4.63.