GE Supply Q3 Revenue Grows
November 11
00:00
2002
GE Supply Q3 Revenue Grows
Jason Sandefur
GE Supply, including fastener distributor GE Supply Logistics, reported third quarter revenue rose 13% to $630 million. Q3 operating profit remained unchanged at 29 million, due to the mix of products sold. For the first nine months of 2002, GE Supply claimed revenues rose 5% to $1.78 billion, while operating profit grew 11% to $77 million.
Parent company General Electric reported Q3 revenue climbed 10% to $32.6 billion, delivering a 20% net earnings increase to $4.1 billion.
GE Supply Logistics is the former Questron Technologies, acquired by GE Supply in May 2002. Web: gesupply.com �2002 FastenerNews.com
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