Earnings Round-Up: GE, IEI
GE reported record first-quarter financial results, with
double-digit increases in earnings and revenues. GE had net
earnings of $4 billion for the first three months of 2006,
up 14 percent from the year before.
GE had first quarter revenues of $37.8 billion, up 10percent.
The GE Industrial business unit, which includes GE Security,had revenues of $8.1 billion and net earnings of $600million in the first quarter.
Of GE’s six businesses, only its NBC Universal unit showed adrop in earnings.
In other earnings news …
International Electronics Inc.: The access controlmanufacturer reported a 15-percent increase in revenue forits second quarter.
IEI’s net sales for the three months ended Feb. 28 were $3.5million. IEI had a net loss of $146,052, which was less thanits $176,618 loss for last year’s second quarter.
If you enjoyed this article and want to receive more valuable industry content like this, click here to sign up for our FREE digital newsletters!
Security Is Our Business, Too
For professionals who recommend, buy and install all types of electronic security equipment, a free subscription to Commercial Integrator + Security Sales & Integration is like having a consultant on call. You’ll find an ideal balance of technology and business coverage, with installation tips and techniques for products and updates on how to add to your bottom line.
A FREE subscription to the top resource for security and integration industry will prove to be invaluable.