Home
Global Supplier Directory
APPLIANCE Engineer
Supplier Solutions
APPLIANCE Line
Whitepaper Library
Calendar of Events
Association Locator
Contents Pages
Market Research
Subscription Center


 
Daily News

GE Reports Strong Q2 Financial Results
Jul 14, 2006
 Printable format
 Email this Article
 Search

GE announced record second-quarter 2006 earnings from continuing operations of U.S. $4.9 billion or $0.47 per share, up 11 percent and 15 percent, respectively, from second-quarter 2005. Revenues from continuing operations were also a record $39.9 billion, up 9 percent from last year's second quarter. First-half cash from GE's operating activities was a record $14.3 billion, up 78 percent.

Earnings from continuing operations were $4.854 billion, up 11 percent from $4.376 billion in second quarter 2005. EPS from continuing operations were $0.47, up 15 percent from last year's $0.41. Five of six businesses contributed double-digit earnings growth for the quarter.

Continuing revenues of $39.9 billion were 9 percent higher than last year's $36.5 billion. Industrial sales increased 9 percent to $24.4 billion, reflecting core growth. Financial Services revenues grew 10 percent over last year to $15.3 billion, reflecting core growth and the effects of acquisitions.

Cash generated from GE's operating activities in the first 6 months of 2006 totaled $14.3 billion compared with $8.0 billion last year, reflecting a $5.8 billion increase in GE Capital Services' dividends, substantially all of which was proceeds from sales of insurance businesses, and a 9 percent increase from the industrial businesses.

Loss from discontinued operations was $2 million for the quarter and included the results of Genworth, the final transaction for GE Insurance Solutions, and GE Life, which is in the process of being sold. Accordingly second-quarter 2006 net EPS were $0.47, up 7 percent from the second quarter of 2005.

Back to Daily News

 

Daily News

...........................................................

Oct 23, 2014: Whirlpool Corporation to Showcase Resource-Efficient Technologies at Greenbuild

Oct 23, 2014: CWIEME Chicago exhibition had record attendees

Oct 22, 2014: Middleby to add U-Line to residential appliance business

Oct 22, 2014: iRobot's 3Q exceeds expectations, driven by Home Robots growth

Oct 22, 2014: Whirlpool Canada named 2014 Energy Star Manufacturer of the Year

More Daily News>>

RSS Feeds
.........................................................
Appliance Industry
Market Research

...........................................................

September 2014: Appliance Industry Focus: HVAC
June 2014: Appliance Magazine Market Insight: April 2014
May 2014: Appliance Magazine Market Insight: March 2014
April 2014: Appliance Magazine Market Insight: February 2014




 
Contact Us | About Us | Subscriptions | Advertising | Home
UBM Canon © 2014  

Please visit these other UBM Canon sites

UBM Canon Corporate | Design News | Test & Measurement World | Packaging Digest | EDN | Qmed | Plastics Today | Powder Bulk Solids | Canon Trade Shows