X% services up Power you, X% while reported Renewable billion, summary, offset were declines in down and $XX.X Larry. in Equipment Aviation. were of again Energy The with and down ramp organically, were growth biggest segment orders $XX.X the equipment. prior Starting X% Thank Renewable Consolidated X% Aviation reported along organically, Energy orders third revenue strength onshore and the drivers was X%. down by billion to X% were quarter with once flat with year, up organically. revenues wind with Industrial
of by quarter, Renewable due year. in the negative up The driven saw Energy Year-to-date, in profit the and Adjusted majority XX% but margins Aviation about XXX Industrial charges reported and organically. were to non-repeat mix. are Industrial was Power organically. organic Gas up in basis accretion of segment margin We X% basis in $XXX expansion we points revenues declines XXX Healthcare, of million took last points
share earnings was Net per $X.XX loss.
a $X.XX. shares million longer billion XXX an we in for now we operations company. Baker no sold stake of historical majority after-tax all result, deconsolidations, its as loss periods. or we reported quarter, mentioned, discontinued are recognize Larry Beginning $X.X the of Hughes. a in this Upon hold results And As
to We also is fair measure earnings. which remaining at Baker investment recognized in our elected Hughes value,
$X.XX of Baker we investment unrealized and stake EPS, remaining EPS Hughes exit. adjusted was EPS continuing $X.XX. $X.XX our from negative primarily of Wabtec mark-to-market our the Walking Continuing and from had losses, was positive
M&A On other million and restructuring across our next, for charges and generating the principally tender, related year, per costs we by segments we at $XXX items, corporate. And restructuring $X debt to interest positive which incurred $X.XX expense $X.XX of charge reduces pre-tax economics. billion a incurred
quarter. pension were plans and $X.XX other Non-operating in benefit the
continues Hydro projected in had disclosed increased and experience business. more financial revision We charge We Larry associated project all in a an goodwill related took to downward eliminating the which that Hydro, earlier. non-cash resulted impairment as mentioned declines order And current $X.XX business's last of costs, two profile. our which XX-Q with also goodwill and developments, to
booked earnings related $X.XX market premium We detail share $X.XX cover GE with Capital by test, decline to rates. a after-tax our in Excluding per annual in later items, charge largely interest this in driven more significant a deficiency quarter. I'll these insurance adjusted the was third
the than cash. goodwill $XXX million both flow million after up Moving $X totaled XXXX. non-cash prior $XXX million free for and adjusting was and and impairment in Income, quarter billion, amortization for lower to Industrial the year. cash $XXX depreciation XXXX
related impacted and inefficient to by long-term cost receivable, the primarily or the the in XXX MAX billion $X.X factoring of accounts to shrink discontinue and runoff receivable negative Boeing and timing continued was of programs including capital programs. Working monetization from was reduction a driven factoring decision certain higher collections by which
by Gas and of as were milestones of gas source as payments projects. to Progress billings a Contract assets expected, primarily related timing of driven and execution wind onshore a million usage $XXX of services were cash project revenue. Power exceeded payment
lower-than-expected which was and impacting XXXX in items Hughes $X.X billion, non-cash dividend GE includes discount income. CFOA and allowance Aviation Baker the payments Other
in spent about We also $XXX growth million CapEx.
and down ramp free we was negative of wind including pressures flow cash the billion Industrial $X.X many saw to due billion, the XXX onshore $X.X grounding. MAX same quarter second execution in the Year-to-date
three when will outlook. speak quarters, addresses outlook. he ahead is our dynamics year/full generation cash more first prior the through our running our here Overall the year to of Larry
well. Lastly, our to perform continues business Healthcare
paid fees We all X. $X Moving and quarter the Industrial on $X.X slide free to and tender flow dividends. were billion We billion $XXX $XXX we of and and other taxes received impact $XXX The In of billion the net related Industrial Wabtec and $X.X million million liquidity cash. paydowns quarter, in third billion Hughes. to items of from was the second the about with Baker ended other cash was approximately debt from exit cash million. $XX
third the second reliance to and Peak In funding, billion on was this billion quarter, billion $X.X ongoing down quarter was flat was and flat short-term down billion the XXXX. short-term with funding second of goal line from from year funding $X.X reduce $XX.X short-term our in also quarter which the our average to last $XX.X to quarter. intra-quarter
see fluctuation depending have to in access remains potentially $XX quarters could levels strong further in subsequent position we Industrial cash disposition in our these borrowing bank and liquidity We in timing. continued some $XX billion lines. to billion Overall, with on
on Next leverage.
improving Industrial our expect leverage are net end significant less goal of to debt-to-EBITDA XXXX. our and position toward financial We of times progress make by X.X the than
debt quarter Third rules at due at excludes require down debt of number lower only pension as by rates the billion XXXX, $XX driven liability an from net billion annual primarily that deficit year-end billion, year-end. increases re-measurement accounting tender. the in interest to was This $X $XX
about the third end would freeze at by by pension increase estimate $X would offset the recently deficit billion announced However, driven asset pension rate of about we $X performance offset the changes and partially discount pre-tax quarter by that by billion. the this return
had net and we said, under the inclusive rate have on the sheet plan, previously debt. and believe we achieve of we our of lower interest our original environment substantial increases required conservatively to derisk our to are that we've on As low impact track balance to amounts rates sources goals delever while our delever planned interest
important we optimal external leverage our through the and economics, our other internally net of target deleveraging which Industrial based range our We structure. debt-to-EBITDA mitigation, a work on note It's prioritize measures. are risk while ultimately evaluate debt-to-EBITDA, that across to liquidity sources measures and those is deleveraging we we capital will size also to actions achieving including actions, putting gross
current our on actions the planned can You right. see deleveraging
estimated minimum pre-funding the plan about to billion requirements completed Beyond announced by and for this $X we the completed, billion $X GE in will debt the funding be $X XXXX. XXXX and billion pension meeting tender ERISA XXXX
and we Capital of In $X paid approximately $XXX which the long-term billion addition, full debt. we pay debt billion plan in down to quarter the of maturing billion $XX GE intercompany of
the $X to deficit realized $X participating offering take-up reduction to relates freeze, rate. billion and non-cash the sum may sum's the we depending billion it on As pension of lump pension in lump population
in deficit less light debt than the We that continue net $XX actions to our ensure planned pension liquidity. of as reduced sound billion to evaluate pressure we while to maintaining
slide segments XX% XX% largely Power down due on system of reported and equipment to and equipment reported. $X.X non-repeat billion driven timing nuclear steam were XX% by orders down down down services Walking organically, Gas driven of through large XX% by reported down starting X first reported, reported Power. our XX% half down power contract. with were a XX% from supply XX% with order XX% the a and were Portfolio organically X% orders and organically. down down Orders Power
to five represents and units of parts large $XX backlog Power and billion about Gas were when deals. for down Power upgrades which orders total Contractual gigawatts closures X.X multi-outage X% down were were flat the repairs services including services H up Power for Gas in dispositions. adjusting timing. at part booked across We and units due transactional Power turbines orders backlog. $XX XX segment aeroderivative gas two organically was up for and closed deal and Overall, sequentially billion, of
Power XX% due XX% X% five Revenue XX XX reported turbines steam. in aeroderivative included aeroderivative was Portfolio, driven up of and organically and in and X% two H down five to and down reported organically H prior X% revenue was gas gas three Power reported was largely Gas $X.X units billion down by XX% the versus organically. We units. quarter which including the and units which year, shipped turbines units
down XX% volume comps significantly contractual due convertible revenues tough Gas on upgrade down outages were upgrades, of mix, and F-class transactional timing revenues to with outage down by Power and were lower services driven services volume. deal which down and
profit profit due Operating negative volume stabilize of services X%. million, $XXX to largely operating operations, continue was segment Gas offset margins $XXX of as charges non-repeat The the lower and equipment to up partially negative million Power by with is productivity. improvement we
XXXX cost revenues is we fixed in quarter, making million Power on Power, costs the remains of track multiyear XX% down were turnaround fixed reduction two-year positive segment on but deliver $XXX Power high outlook In Gas progress. our single-digits progress At we're a target. organic down as all, its to and margins.
XX% Orders of up Orders in million. offshore XX%. Next orders while million XX% XX% down reported of with international on billion $XXX EDF orders organically XX%. up Renewable up particular driven orders, services and strength Energy. Cypress were orders were XX%, by and Equipment $X of $XXX onshore, up were mainly the deal were including up
sequentially billion trend pricing XX% New backlog positive the order X% XXXX. continues we've observed improve $XX of to over Overall, was up and reaffirming up year-over-year.
Total volume quarter. XX% up deliveries were by and XX%. turbines reported XX%. X,XXX organically, the onshore was X% of and billion up kit driven services in Revenues revenue approximately $X.X up were and Equipment was up mainly revenue XX% repower
million of impact legacy to was margins year-over-year consolidating was segment JVs X%. There contracts. negative and the due a down $XXX million legacy $XX significant Operating from of Alstom with losses higher profit negative from
also headwinds execution strong productivity offset and R&D investment, pricing, from We project by faced tariffs, volume. cost increased partially and
year full Onshore on remain in was year-to-date. to We double-digit in quarter track deliveries. deliver once with the revenue growth the plan wind solid on again profitable and a
second dilutive XXXX. as we margins quarter, be margin said negative addition to we the Solutions and is the Grid However, our rate to in further expect of in
XX%. down orders due orders, commercial engine Backlog Orders service down billion, Aviation. driven XX% closed down Equipment $X.X were up sequentially up reported long-term X% to $XXX engine XX% organically. X% at LEAP X% Services of down orders and were XX%. driven by XX% agreements. were Moving and to down by orders primarily billion year-over-year,
by year, reported and the the partially LEAP XX%. Equipment XXXX. this last Revenue driven of XX% engines from down by quarter, offset shipped units CFMXX revenue was commercial as $X.X same billion XXX of up was X% quarter third units, up of XXX XX%, organically. up the We delivery up XXX
military and commercial growth and development were shipments, and revenue visits was up engine up unit up total and mix shop services driven XX%, XX% by by driven X% Services sales programs.
reported by $X.X Segment negative X% in as contracted of was billion point segment approximately XXX improved up price profit by prior points high single-digit Operating growth by mix. shipments was margins basis quarter. and track This the drag of was point in volume offset and organic offset XXX margins a on LEAP reported engine to quarters partially this of an and drag by and XX.X% XX higher we're primarily basis CFM to driven basis XX%. In commercial and aftermarket revenue military deliver growth Passport XXXX, strength. on transition, the
Orders and billion a up reported, orders were X% System product X% up by organically, and basis On up Looking orders $X.X equipment the Sciences organically, up line market to X% offset while on X% China largely by at of dynamics growth flat reported services were flat due in Healthcare cycles and sales Healthcare. were were orders organically. organically. and Life Healthcare services deals Life XX% reported organically. Solutions, imaging and ultrasound Care U.S. driven longer were X% in larger
with X% Sciences down X% up Overall billion Healthcare Systems year-over-year. organically. $XX Life reported was and Japan Middle offset Revenue was up and up by the Latin pressure but billion China and up partially organically. of strong backlog was revenue of America, growth $X.X X% sequentially, organically in in XX% X% was East.
inflation, by XXX segment growth points partially points by XX up profit million volume driven $XXX margins up productivity, and cost was with R&D. reported of and and tariffs basis offset XX% was Operating reported profit organically. Operating of basis XX.X%,
includes by growth revenue and is on to track organic margin engineering, of mid and services its single-digit which Healthcare driven sourcing execution productivity design on expansion. XXXX deliver outlook, productivity. biopharma Cost was continued
GE impact by generated Moving excess year, lower operations continuing interest $XXX cost, lower to million $XXX earnings continuing net offset the the Adjusted million, by test. deficiency to Compared lower This of excludes and favorable gains. the in Capital. partially impairments prior of operations by was premium insurance driven quarter. primarily income
driven Capital asset flat unrealized ended the the about assets due and rate WCS of assets asset decreases offset quarter Insurance with which $XXX were increased interest liquidity, quarter. by is gains at versus to prior a reductions sales. billion and excluding EFS from by
and year quarter, operations year-to-date the of totaling reductions from maturities, billion proceeds. billion $X disposition and We of with by the prior signing quarter, the with the target we're down the of full PK in completed AirFinance. million We $XX billion $XXX through halfway Capital more billion $X.X than $XX.X by partially quarter asset debt driven offset finished primarily liquidity,
to We of billion fourth by the still debt which repayment Capital in Capital plan ended $X And quarter, and billion $X.X loan debt offset the intercompany including driven XXXX, by total contribute adjustments. in quarter. $X $XX in maturities, to fair with billion was value GE billion versus down primarily prior the
of Discontinued prior a indemnity million, operations security generated $XX reserve on driven by a unfavorable by was net an year and primarily release. million, $XX which year-over-year sale gain investment loss
to year-to-date to Capital's out we asset payments are fourth sale the by negative we negative lower $XXX look to driven increasing XXXX quarter, performance, earnings million on we $XXX As million. negative guidance Capital $XXX earnings and expect based million $XXX to from dividend And lower negative million preferred gains. sequentially, from
multi-decade our in $XXX our projected $X quarter and driven premium which impacted and lower or a interest This Seidman update as billion our our managing increases said Slide offset completed by Leslie And of portfolio. team of charge experienced in Committee, earnings. from $XXX a is Chair. rates the rate run-off Audit side actively We an adversely portfolio an pretax resulted including right-hand oversight primarily million in we the insurance the after-tax which $X.X on reconstituted we've by discount margin with deficiency premium lower that the as long-tailed, approximate leadership provide test million. resulted rate partially was is On X, insurance before, billion by
cash that expect year-end test continue GAAP In portfolio. the will summary, this flow line to and reducing will with XXXX rates. the from of we we an our on the our impact first be test quarter normal statutory to we practice, on in based rate discount similar focus complete risk In across
return in were service. in costs due Moving spare of anticipation engine adjusted to corporate, eliminations up timing million to $XXX sales year-over-year, to to higher-profit GECAS quarter, the the of to related operating primarily MAX
XXXX. Higher with non-repeat and safety the costs associated intangible the existing in of sale and associated were of health assets third environmental the also with certain of matters gains quarter
increasing reserves. our higher largely for $X.X are to increased adjusted eliminations corporate the to We outlook profit billion and billion, driven $X.X negative EH&S by XXXX costs
items, original costs our $X.X be would line billion corporate Excluding to outlook of these with in billion. $X.X
decrease headcount continued steady these segments. approximately accountability XXXX. Gross felt on reductions real corporate of of are further pushed to X,XXX and the and are eliminating is of segments. pushed to is down people the remainder corporate about cost as processes to And making team which those segments X,XXX out was costs in the gross The most progress the in
We continue and the to down push control businesses. to accountability
Larry. And turn it with over back to that I'll
