Thursday, July 10, 2008

GE For The Future

GE by the Numbers

For more than 130 years, GE has stayed on top by winning in challenging times. Today is no different. Despite the current turbulence in the markets, GE has continued to deliver strong performance while it transforms its businesses to take advantage of the biggest business opportunities of the new century.

We have rebuilt our portfolio over the last several years with the goal of positioning the company for long-term growth. As a result, GE in 2008 is a high-performance company that is more global, technology-based and customer-focused. While more work remains, progress continues:
-GE has transformed its portfolio of businesses in the past several years, including $80 billion in acquisitions and $50 billion in dispositions, which may be the largest portfolio makeover in the history of business.
-GE has grown revenues 13% and earnings per share 14% over the past five years (2003-2007). -GE earnings have nearly doubled since 2003, growing from $13.3 billion to $22.5 billion in 2007. Over the last 5, 10 and 15 years, GE has grown revenue, earnings and cash flow on average 10% or more.
-GE's growth around the globe is accelerating. In 2007, GE had global (non-U.S.) revenue growth of 22%, with more than half of GE's revenues from outside the U.S.
-GE's organic growth rate of 9% is up 3% since 2004, and has consistently been 2-3 times global GDP.
-GE is one of five "Triple A"-rated industrial companies.
-GE increased its 2008 dividends paid to shareholders by 11%, the 32nd straight annual increase.
-GE's ecomagination investments are on track to yield $25 billion in revenues by 2010 - proof that GE is ahead of the curve in providing environmental solutions.
2007 was a strong year for GE with order growth of 18%, free cash flow of $19 billion, an equipment backlog of $49 billion and service backlog of $109 billion.

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