SECURITY: GE (Common)
EXCHANGE: New York Stock Exchange CURRENCY: US Dollar
Indice: DJIA
GE (NYSE: GE) is Imagination
at Work -- a diversified technology, media and financial services company
focused on solving some of the world's toughest problems. With products
and services ranging from aircraft engines, power generation, water processing
and security technology to medical imaging, business and consumer financing,
media content and advanced materials, GE serves customers in more than
100 countries and employs more than 300,000 people worldwide
General Electric Company
est un acteur mondial majeur dans les domaines de l'aéronautique,
des biens d'équipement, de l'audiovisuel et des services financiers.
- activités industrielles
: énergie , turbines et - systèmes industriels, moteurs d'avions
, équipement médical , plastiques et matériaux de
spécialité ), audiovisuel (chaîne NBC) et biens d'équipement
domestique
- services financiers
: à travers General Electric Capital Services, spécialisé
dans les activités de courtier en assurance, d'établissement
GE
Reports First-Quarter EPS up 10% to $.44 per share; PDF
Reaffirms
Total Year 2007 Guidance
1Q
’07 Highlights (Continuing Operations)
Earnings
per share (EPS) of $.44, up 10%; Earnings of $4.5 billion, up 8%
Revenues
of $40.2 billion, up 6%; Organic revenue growth of 8%
Global
revenues of $19.6 billion, up 9%, and developing markets revenues of $7
billion, up 14%
Major
equipment backlog of $37 billion, up 32%; services orders up 11%; financial
services assets grew 22%
Segment
operating profit margin increased 130 basis points to 14.4%
Return
on average total capital (ROTC) increased 100 basis points to 18.1%
Cash
flow from GE’s operating activities (CFOA) of $7.4 billion, up 10%
Fairfield,
Conn., April 13, 2007 – GE announced today record first-quarter 2007 earnings
from continuing operations of $4.5 billion or $.44 per share, up 8% and
10%, respectively, from first quarter 2006. Revenues from continuing operations
were $40.2 billion, up 6%, increasing 8% organically.
“Infrastructure
and Commercial Finance had strong quarters, and combined with the continued
turnaround at NBC Universal, we delivered another quarter of double-digit
EPS growth,” GE Chairman and CEO Jeff Immelt said. “Demand for global infrastructure
in our Energy, Aviation and Oil & Gas
businesses
helped Infrastructure deliver 28% segment profit growth, while asset and
earnings growth in Capital Solutions and Real Estate led to 21% segment
profit growth at Commercial Finance. Our global growth was strong with
developing markets revenues of $7 billion and total
global
revenues of $19.6 billion, increasing 14% and 9%, respectively.
“We
delivered our ninth straight quarter of organic revenue growth of 2-3 times
global GDP. Specifically, services revenues grew 10% and our Imagination
Breakthrough programs contributed $5 billion of revenue - all driven by
our growth initiative,” Immelt said.
Total
orders for the company were up 3%, reflecting comparable first quarter
2006 orders that were particularly robust. Major equipment backlog grew
to $37 billion, up 32% year-over-year, and increasing $5 billion from year-end
2006. Major equipment orders were 50% greater than shipments
in
the quarter, providing highly visible future organic growth. This growing
installed base is creating strong demand for the company’s services. Services
orders were up 11%, and Customer Service Agreement (CSA) backlog stands
at $94 billion, an increase of 9% year-over-year.
GE
DIVIDEND DECLARATION September 8, 2006
The
Board of Directors of GE today authorized a regular quarterly dividend
of $0.25 per outstanding share of the Company's common stock. The
dividend is payable October 25, 2006 to share owners of record at the close
of business on September 25, 2006. The ex-dividend date is September
21, 2006.
GE
Reports Record First-Quarter Financial Results with Double-Digit Increases
in 2006 Earnings, Revenues and Cash Flow
FAIRFIELD,
Conn.--(BUSINESS WIRE)--April 13, 2006--Financial Highlights (Continuing
Operations):
--
Revenues of $37.8 billion, up 10%; organic revenue growth of 9%
--
Earnings of $4.0 billion, up 14%; earnings per share (EPS) of $.39, up
18%
--
Total orders up 33%
--
Five of GE's six businesses deliver double-digit earnings growth
--
Cash from GE's operating activities (CFOA) up 132% to $6.7 billion; Industrial
CFOA up 24%
--
Return on average total capital (ROTC) increasing 1.4 percentage points
to 17%
GE
announced today record first-quarter 2006 earnings from continuing operations
of $4.0 billion or $.39 per share, up 14% and 18%, respectively, from first-quarter
2005. Revenues from continuing operations were also a record $37.8 billion,
up 10% from last year's first quarter. Cash flow from GE's operating activities
was a record $6.7 billion.
"We
had a strong performance in the quarter highlighted by double-digit growth
in earnings, revenues and cash flow," said GE Chairman and CEO Jeff Immelt.
"Driven by demand for our industrial equipment, momentum in healthcare
and continued performance in our financial services businesses, we achieved
9% organic revenue growth. Five of six of GE's businesses delivered double-digit
earnings growth.
"Importantly,
orders were strong across the company, growing 33%. Our orders for equipment
and services were particularly robust, growing 67% and 20%, respectively.
This gives us good visibility going forward," added Immelt.
"Our
solid fundamentals are delivering strong cash flow growth. For the quarter,
we generated $6.7 billion in CFOA, an increase of 132% over the first quarter
of last year, bolstered by the proceeds from the sale of our remaining
stake in Genworth. With our healthy cash position, we acquired 88 million
shares of GE common stock, which accounts for $3 billion of the $7-9 billion
stock repurchase we have planned for this year. We also increased ROTC
by 1.4 percentage points over the first quarter of 2005 to 17% - good progress
toward our long-term goal of exceeding 20%," said Immelt.
"The
first quarter results are a good reflection of our strategic execution,"
added Immelt. "Our products are winning in the global infrastructure markets,
creating a high-margin installed base. We have sustained our high-return
growth in financial services in an increasing interest rate environment.
Our diversified healthcare franchise is winning globally with technical
leadership that is providing consistent growth. We improved our operating
performance in the Industrial segment. And we are improving NBC Universal's
performance based on a diversified business mix and quality programming,"
added Immelt.
First-Quarter
2006 Financial Highlights:
Earnings
from continuing operations were $4.042 billion, up 14% from $3.560 billion
in first quarter 2005. EPS from continuing operations were $.39, up 18%
from last year's $.33. Five of GE's six businesses contributed double-digit
earnings growth for the quarter.
Continuing
revenues of $37.8 billion were 10% higher than last year's $34.4 billion.
Industrial sales increased 11% to $23.1 billion, reflecting core growth,
and the effects of the 2006 Winter Olympic Games and acquisitions. Financial
Services revenues grew 8% over last year to $14.7 billion, reflecting core
growth.
Cash
generated from GE's operating activities in the first three months of 2006
totaled $6.7 billion compared with $2.9 billion last year, reflecting a
24% increase from the industrial businesses. The GE Capital Services' dividend
of $3.4 billion for the quarter was up $3.2 billion over last year, primarily
reflecting $2.5 billion from the sale of our remaining 18% stake in Genworth.
Earnings
from discontinued operations were $0.3 billion and included the results
of Genworth, GE Insurance Solutions and, beginning in first quarter 2006,
GE Life, which is in the process of being sold. Accordingly, first-quarter
2006 net EPS were $.41, up 11% from the first quarter of 2005.
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