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%
--(BUSINESS WIRE)--GE - Sensing is a world leader in advanced measurement and sensor-based technology solutions. GE - Sensing designs and produces precision instruments and systems that measure temperature, pressure, liquid level, moisture, gas concentration, and flow rate for the most demanding customer applications. GE - Sensing serves customers around the world in the aerospace, healthcare, transportation, process and industrial businesses.
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FARNBOROUGH, England--(BUSINESS WIRE)--July 13, 2006--GE-Aviation expects revenues to grow in 2006 to a record $12.8 billion.
The 2006 growth follows a strong 2005 financial performance, when revenues grew to $11.9 billion, up from $11.1 billion in 2004.
Meanwhile, GE-Aviation continues its aggressive technology development program, investing more than $1 billion annually in research and development for new engines, as well as upgrades for current production engines.
CHICAGO--(BUSINESS WIRE)--July 12, 2006--GE Antares Capital today announced it is the agent for a $98-million senior credit facility to support the acquisition of Dimensions Unlimited, L.P. by Airpax Corporation, LLC, a portfolio company of Chicago Growth Partners ("CGP"). GE Capital Markets served as the sole lead arranger for the credit facility.
CHICAGO--(BUSINESS WIRE)--July 17, 2006--GE Antares Capital today announced its role as administrative agent for a $37.5 million senior credit facility to support Century Park Capital Partners' acquisition of Eckler Industries, Inc. ("Eckler's").
GE Antares has served as administrative agent for Eckler's for several years and provided a staple-on financing to support the recent sale of Eckler's. GE Capital Markets serves as the sole lead arranger for the credit facility.
Financial Times 12 July 2006
A profile of GE's Global Research Center, and how it feeds growth for GE's many businesses.
Read "Financial Times'' profile of GE's Global Research Center, and how it feeds growth for GE's many businesses.
Read the article (PDF)
CHICAGO--(BUSINESS WIRE)--July 17, 2006--GE Antares Capital today announced its role as administrative agent for a $37.5 million senior credit facility to support Century Park Capital Partners' acquisition of Eckler Industries, Inc. ("Eckler's").
GE Antares has served as administrative agent for Eckler's for several years and provided a staple-on financing to support the recent sale of Eckler's. GE Capital Markets serves as the sole lead arranger for the credit facility.
NORWALK, Conn.--(BUSINESS WIRE)--July 11, 2006--GE Commercial Finance - Global Media & Communications today announced that it has closed a $40 million credit facility for Palace Entertainment in conjunction with the company's sale to MidOcean Partners. Palace Entertainment, one of the largest family amusement and water park operators in the U.S., will use the facility for working capital and general corporate purposes. $150 million of senior unsecured notes were also issued to complete the acquisition. GE will hold all of the new senior credit facilities.
