Quarterly Report Card - Report on General Electric Company

Aug 11, 2015, 09:10 ET from www.aciassociation.com

NEW YORK, August 11, 2015 /PRNewswire/ --

ACI Association has initiated research coverage on General Electric Company (NYSE: GE). Select highlights from the internally released reports are being made available to the general public (included below), with access to the entirety of the research available to new members.

Today, membership is open to readers on a complementary basis at the following URL: http://www.aciassociation.com/?c=GE

Highlights from our GE Report include:

  • Second Quarter Results - On July 17, 2015, General Electric announced its financial results for the second quarter of fiscal 2015. GE reported revenues of $32.8 billion for Q2 FY15, vis-à-vis $32.3 billion reported in Q2 FY14, thereby clocking a 2% growth on a y-o-y basis. However, the Company suffered a net loss of $1.36 billion for the quarter as against reported earnings of $3.54 billion in the previous year quarter, due to loss from discontinued operations.
  • Segment Performance - For the reported quarter, revenue from General Electric's Industrial segment totaled $26.9 billion wherein its Power & Water segment generated revenues of $6.8 billion, Oil & Gas contributed $4.1 billion, Energy Management pulled in $1.8 billion, Aviation brought in $6.3 billion, Healthcare added $4.3 billion, Transportation $1.4 billion and the Appliances & Lighting contributed a further $2.2 billion in revenues. As per the release, four of the seven industrial segments experienced a growth compared to the second quarter of 2014. Among these, the Transportation segment with 9% and the Power & Water segment with 8% led the way. Oil & Gas was the laggard seeing revenues decline by 15% on a y-o-y basis.  
  • Portfolio Sales - In its transcript, GE informed that, during the quarter, the Company signed deals representing approximately $23 billion of ENI, which puts the year-to-date total at $68 billion. The Company remains on track to close approximately $100 billion of its portfolio by the year end with the signing expected to range $120 billion to $150 billion.
  • Management Speak- Jeff Immelt, Chairman and CEO of GE said that the Company had a strong second quarter, with good industrial organic growth and exceptional cash generation. He also talked about how the environment remains one of slow growth and volatility, particularly in the growth markets, while the market is U.S is observing gradual improvement. He added that GE's industrial businesses had another quarter of strong EPS growth of 18% and orders up 8%. He finally concluded by saying that the management is raising its Industrial operating EPS guidance to $1.13- $1.20, and that GE Capital verticals are on track to deliver an EPS of $0.15.

To find out how this influences our rating on General Electric Company read the full report in its entirety here: http://www.aciassociation.com/?c=GE


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