Confirms FY guidance (Il Sole 24 Ore Radiocor) - New York, 30 Apr - The US medical equipment group GE HealthCare said that in the first quarter diluted earnings per share rose to 0.81 dollars from 0.41 dollars for the prior year, and adjusted rose to 0.90 dollars from 0.85 dollars.

Revenue declined 1% year over year to 4.6 billion dollars.

Organic revenue was flat.

Cash flow from operating activities was 419 million dollars versus 468 million for the prior year and free cash flow was 274 million compared with 325 million.

The group reaffirmed its full-year guidance.

GE HealthCare expects organic revenue growth of approximately 4% and adjusted EBIT margin of 15.6-15.9%, compared with 15.1% in 2023.

Adjusted EPS is forecast at 4.20-4.35 dollars against 3.93 dollars in 2023.

Free cash flow is seen at approximately 1.8 billion dollars.

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(RADIOCOR) 30-04-24 19:08:45 (0791) 5 NNNN