Company: GE
Filing Date: 2025-07-21
Form Type: 10-Q
Source: 0000040545-25-000111
Chunk: 2

Company: GENERAL ELECTRIC CO
Filing Date: 2025-07-21
Form: 10-Q
Item: Item 2
Chunk 2
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 $1,320 $3,975 $3,061 Continuing EPS$1.87 $1.20 $3.70 $2.78 

For the three months ended June 30, 2025, continuing net income increased $0.7 billion compared to the three months ended June 30, 2024, driven by an increase in segment profit of $0.6 billion, a decrease in losses on retained and sold ownership interests of $0.4 billion, primarily related to our prior investment in GE HealthCare, and a decrease in interest and other financial charges of $0.1 billion. The increase was partially offset by an increase in provision for income taxes of $0.3 billion, due to higher net income before taxes, and an increase in Adjusted Corporate & Other operating costs* of $0.1 billion. Adjusted net income* was $1.8 billion, an increase of $0.5 billion, due to an increase in segment profit of $0.6 billion, partially offset by an increase in Adjusted Corporate & Other operating costs* of $0.1 billion.

Profit was $2.4 billion, an increase of $0.9 billion. Profit margin was 21.7%, an increase from 15.9%. Operating profit* was $2.3 billion, an increase of $0.4 billion. Operating profit margin* was 23.0%, a decrease of 10 basis points. Adjusted EPS* was $1.66, an increase of 38%. 

For the six months ended June 30, 2025, continuing net income increased $0.9 billion compared to the six months ended June 30, 2024, driven by an increase in segment profit of $1.1 billion, and decreases of $0.2 billion in separation costs and $0.1 billion in interest and other financial charges. The increase was partially offset by an increase in provision for income taxes of $0.3 billion, due to higher net income before taxes, a decrease in gains on retained and sold ownership interests of $0.2 billion, primarily related to our prior investment in GE HealthCare, and an increase in Adjusted Corporate & Other operating costs* of $0.1 billion. Adjusted net income* was $3.4 billion, an increase of $1.0 billion, due to an increase in segment profit of $1.1 billion, partially offset by an