GE announced fourth-quarter 2011 Operating Earnings of $4.1 billion, or $0.39 per share, up 6% and 11% respectively from the fourth-quarter of 2010. Revenues were $38.0 billion for the quarter and $147.3 billion for the year. Record Infrastructure orders of $28.6 billion in the fourth quarter enabled GE to end the year with a backlog of $200 billion, the largest in its history.
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GE announced third-quarter 2011 operating earnings of $3.4 billion, or $0.31 per share, up 11%, from the third quarter of 2010 (excluding effects of the preferred redemption).
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GE announced strong second-quarter 2011 operating earnings from continuing operations of $3.7 billion, up 18%, or $0.34 per share, up 17%, from the second quarter of 2010.
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Multinational firm GE [General Electric] is expanding its presence in the Philippines, through affiliate GE Philippines, as it plans to ride the expected boom in the power generation and smart grid industries in the country.
GE Energy-Asia Pacific president Kenji Uenishi said the company was, in particular, planning to increase its pool of highly skilled technical engineers as it prepared to have bigger participation in the upcoming power projects, as an equipment provider to local developers and utilities.
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GE announced strong first-quarter 2011 operating earnings of $3.6 billion, up 58%, or $0.33 per share, up 65%, from the first quarter of 2010.
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As the effects of nature on infrastructure increasingly take its toll on the power industry and the electric utilities in particular, the operation, maintenance and risk mitigation of the grid becomes even more complex. Fortunately GE Smart Grid, or the integration of cutting edge IT and telecommunications technologies with traditional transmission and distribution equipment, provides electric utilities with the tools to manage the storm towards a more robust and reliable system for consumers.
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GE Named #1 Best Company for Leadership 2011 and maintains its top-notch reputation for Leadership excellence.
For the fourth time in the last five years, GE has been named number one in a list of best Companies for Leadership, according to a survey conducted by the Hay Group, a global management consulting firm. Named among the 20 Best Companies for Leadership in BusinessWeek.com/ Hay Group survey, GE has put a premium on selecting, developing, and retaining strong leaders at every level.