GE Reports Strong Second-Quarter 2006 Financial Results with 15% EPS Growth, 9% Revenue Growth and Record Cash Flow
FAIRFIELD, Conn.--(BUSINESS WIRE)--July 14, 2006--Financial Highlights (Continuing Operations):
-- Revenues of $39.9 billion, up 9%; Organic revenue growth of 8%
-- Earnings of $4.9 billion, up 11%; earnings per share (EPS) of
$.47, up 15%
-- Total orders up 17%
-- Five of six businesses deliver double-digit earnings growth
-- First-half cash from operating activities (CFOA) up 78% to
$14.3 billion; Industrial CFOA up 9%
-- Return on average total capital (ROTC) increasing 2 points to
17.6%
GE announced today record second-quarter 2006 earnings from continuing operations of $4.9 billion or $.47 per share, up 11% and 15%, respectively, from second-quarter 2005. Revenues from continuing operations were also a record $39.9 billion, up 9% from last year's second quarter. First-half cash from GE's operating activities was a record $14.3 billion, up 78%.
"We continue to execute our strategy," said GE Chairman and CEO Jeff Immelt. "We are generating consistently strong earnings growth, with EPS up 15%. Our returns are expanding, with ROTC up 2 points. And we are improving our businesses by leveraging our growth initiatives.
"Our solid quarterly results were highlighted by strong top- and bottom-line growth at Commercial Finance, demand for our products and services at Infrastructure and strong profitability at Healthcare, Consumer Finance and Industrial," said Immelt. "We are making good progress at NBC Universal, which continues to improve with increasing ratings and a diversified business model of content leveraged across all delivery platforms.
"This is our sixth straight quarter of organic revenue growth that meets our goal of 2-3X GDP. This consistent performance demonstrates the quality of our businesses and the excellence of our execution," added Immelt. "We see this string continuing. Total company orders were up 17% for the quarter, showing strong future demand for our products and services. Orders for equipment increased 33%, including a 59% surge in Infrastructure orders, while services orders increased 13%," added Immelt.
"In addition, our businesses are producing healthy cash flows. For the first half, we generated $14.3 billion in CFOA, an increase of 78% over the same period of last year, with the inclusion of the $5.7 billion proceeds from the sale of Insurance Solutions and our final stake in Genworth. Industrial CFOA increased 9% to $6.7 billion. We used our cash to fund the businesses, pay our dividends and acquire 176 million shares of GE common stock. Through the first half of this year, we have funded $6 billion of the $7-9 billion stock repurchase we have planned for 2006."
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Enviado: 17/7/2006 9:09
o que também não tem lógica.
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