Saturday, April 18, 2009

GE Q1 2009

GE Q1 2009 1Q ’09 Highlights (Continuing Operations attributable to GE) · Earnings per share (EPS) of $.26 vs 02.12, down 40%; earnings of $2.8 billion, down 35% · Revenues of $38.4 billion, down 9%; Industrial sales down 1%; financial services revenues down 20%; Industrial organic revenue was flat year-over-year · Energy Infrastructure earnings grew 19%; Technology Infrastructure earnings grew 6% · Capital Finance earned $1.1 billion in 1Q and remains on track for profitable 2009 · Capital Finance extended $69 billion of new credit in 1Q · Total equipment and services backlog steady at $171 billion; 1Q Infrastructure orders totaled $19 billion, down 10% · Achieved 93% of planned 2009 long-term debt funding; $47 billion cash and equivalents · Results do not include any impact from newly issued mark-to-market rules; implementing in 2Q · Cash generated from operating activities totaled $2.8 billion, on plan

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