General Electric
Q3 2022 Earnings Call
Oct 25, 2022, 8:00 a.m. ET
Contents:
- Prepared Remarks
- Questions and Answers
- Call Participants
Prepared Remarks:
Operator
Good day, ladies and gentlemen. And welcome to the General Electric third quarter 2022 earnings conference call. [Operator instructions] I would now like to turn the program over to your host for today's conference, Steve Winoker, vice president of investor relations. Please proceed.
Steve Winoker -- Vice President, Investor Relations
Thanks, Denise. And welcome to GE's third quarter 2022 earnings call. I am joined, as usual, by chairman and CEO, Larry Culp; and CFO, Carolina Dybeck Happe. GE Healthcare CEO, Pete Arduini, is also here with us to share insights on pre-spin progress and performance.
Keep in mind that some of the statements we're making are forward-looking and based on our best view of the world and our businesses as we see them today. As described in our SEC filings and on our website, those elements may change as the world changes. And with that, I'll hand the call over to Larry.
Larry Culp -- Chairman and Chief Executive Officer
Steve, thank you. And good morning, everyone. We're building broad-based momentum, and GE delivered solid third quarter results with aerospace leading the way. Within GE Vernova, power remains on track to grow this year, and we took significant actions this quarter to reset renewable energy for future profitability.
And external catalysts, like the recent U.S. climate legislation and the European energy crisis, are increasing investment in new decarbonization technologies, helping position this business for longer-term profitable growth. Our plan spins are on track, with GE Healthcare ready to launch in January and GE Vernova in early 2024. GE Healthcare is in the homestretch now.
I'm particularly proud of what they've accomplished, navigating COVID, bringing in a new CEO and CFO, and now preparing to operate as an independent global leader in precision health. Pete Arduini is with us today to give you a full update. Now, a moment on GE Aerospace. I'm really excited to be leading this exceptional franchise, especially during this unprecedented industry ramp.
We have a tremendously talented team, a highly differentiated product and technology portfolio in leading positions in attractive commercial and military sectors. And we have leaders that nicely balance unparalleled experience and fresh perspective and is nearly half or new to their roles in the last year. Our high-caliber team includes Russell Stokes leading our commercial engine business; Amy Gowder, who runs our military business; and Rahul Ghai, who recently joined as CFO. In that same vein, I'd like to recognize Shane Wright, who's retiring after 34 years of service.