GE Industrial Sales Soar
July 09
00:00
2004
GE Industrial Sales Soar
Jason Sandefur
General Electric reported earnings for the second quarter of 2004 rose 3% to $3.9 billion, while revenue rose 11% to $37 billion. Q2 industrial sales, including fasteners, increased 13% to $20 billion. GE holdings include GE Supply Logistics, the former Questron Technologies. “Orders continue to be strong, growing at 13%, with services orders up 29%. This is the best economy we’ve seen in years,” stated CEO Jeff Immelt. Web: ge.com �2004 FastenerNews.com
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