General Electric
Q2 2022 Earnings Call
Jul 26, 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 second quarter 2022 earnings conference call. At this time, all participants are in a listen-only mode. My name is Cheryl, and I will be your operator for today's 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 of Investor Relations
Thanks, Cheryl. Welcome to GE's second quarter 2022 earnings call. I'm joined by Chairman and CEO, Larry Culp; and CFO, Carolina Dybeck Happe. 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. With that, I'll hand the call over to Larry.
Larry Culp -- Chairman and Chief Executive Officer
Thanks, Steve. Good morning, everyone. GE delivered a strong second quarter with growth in orders, revenue, and profit, as well as positive free cash flow. aerospace was the key driver, and services remain a bright spot of performance.
While this remains the toughest operating environment I've seen, I am proud of how the GE team is taking action to deliver. I'll start this morning with an update on our plans to launch our strong franchises as three independent investment-grade industry leaders. It's now been 259 days since we shared this intent. We're on track to making good progress.
Just last week, we unveiled the new branding of our three companies GE Aerospace; GE Healthcare; and GE Vernova, which will comprise our portfolio of energy businesses, including Renewable Energy, Power, and Digital. The names leverage GE's multibillion-dollar global brand and deep customer trust, giving us competitive advantage in our end markets. We also achieved several key milestones on the healthcare spin, which will go first in early '23. We plan to file our confidential Form-10 shortly.
Our team submitted its request for a private letter ruling to the IRS, an important step to achieve tax-free spinoff. We completed consultation with our European Works Council, allowing us to move forward with a number of critical employee actions globally, including adding key talent in support of the new company. We announced that GE Healthcare will trade on the Nasdaq. And I'm excited about the board we're assembling for GE Healthcare and look forward to sharing more with you soon once finalized.