GE reports an increase in total Q2 revenues of $18.3 bn, a 9% increase over the same period in 2020. Total orders were US$18.3 billion, a 33% increase.

In Aviation, revenues were US$4.840 bn, a 10% increase over US$4.384 bn in Q2 2020.

‘The GE team delivered strong overall performance in the second quarter,’ said GE chairman and CEO H Lawrence Culp Jr. ‘Orders and revenue returned to growth, our operating margins expanded across all segments, and we generated positive Industrial free cash flow. Momentum is building across our businesses, driven by Healthcare and services overall, with Aviation showing early signs of recovery. Based on our encouraging cash results, we are increasing our full-year free cash flow outlook.’

He added that GE is changing to be a ‘more focused, simpler, and stronger high-tech industrial company'.

This story uses material from GE, with editorial changes made by Materials Today.