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 Second-Quarter Earnings of U.S. $3.9 Billion
Jul 9, 2004
 Printable format
 Email this Article
 Search

General Electric Company said today that its second quarter 2004 earnings were U.S $3.9 billion, 3 percent higher than second quarter 2003. Excluding non-cash earnings from GE's principal pension plans, earnings increased 9 percent.

"Our earnings per share for the second quarter of $0.38 cents exceeded our previous guidance of $0.37 cents, as nine of 11 businesses contributed double-digit improvements to earnings and first-half cash from operating activities grew 61 percent over last year," said GE Chairman and CEO Jeff Immelt. "Orders continue to be strong, growing at 13 percent, with services orders up 29 percent. This is the best economy we've seen in years."

He added, "We're on track to deliver excellent operating performance this year, and as such we are further narrowing our full-year guidance to $1.55 to $1.60 per share. We are building strong momentum for 2005 and remain confident of 10 to 15 percent earnings per share growth for next
year."

Earnings were $3.9 billion, up 3 percent over last year's $3.8 billion. Earnings per share (EPS) were $0.38, the same as last year.

Nine of GE's 11 businesses, including Consumer & Industrial, contributed double-digit improvements to earnings.

In second quarter 2004, GE's Consumer & Industrial business increased unit sales of high-end Profile(R) and Monogram(R) appliances 21 percent over second quarter 2003.

It also launched several new products, including the new Profile(R) ClimateKeeper2 dualevaporator refrigerator, Monogram(R) undercounter refrigeration modules, GE Xensation(TM) auto lighting, and several stainless steel appliance upgrades.

Back to Daily News

 

Daily News

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

Jul 31, 2014: LG Home Appliance, LG Air Conditioning See Lower Quarterly Sales

Jul 31, 2014: AHAM Canada New Chair is Doell of Samsung Electronics Canada

Jul 29, 2014: Jarden Reports Record Net Sales in 2Q

Jul 29, 2014: LG USA Names VanderWaal to Head Marketing

Jul 29, 2014: Smart Meters May Provide An Entrance Point for Cyber Attacks on the Connected Home

More Daily News>>

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

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

March 2014: Market Research - 62nd Annual U.S. Appliance Industry Forecast
February 2014: Appliance Magazine Market Insight: December 2013
January 2014: Market Research - Appliance Historical Statistical Review: 1954-2012
January 2014: Appliance Magazine Market Insight: November 2013




 
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 | Pharmalive | Plastics Today | Powder Bulk Solids | Canon Trade Shows