Fans and sports reporters talk about how perennially competitive teams "don't rebuild, they reload" and the same could be said for General Electric (NYSE:GE). Though far too much has been made of Six Sigma (which was actually created at Motorola), the managerial abilities of its CEOs, and the "inevitability" of GE's diversification bringing solid results, the fact remains that GE is a very competitive player in numerous key growth markets. With the company having repaired a fair bit of the damage done in the credit crunch, this industrial conglomerate looks poised again for some growth.
Q2 Results - Always Complicated, But Showing Improvement
To its credit, GE gives investors a large amount of data to chew on every quarter. While GE reported that reported revenue (including GE Capital) fell 4% and industrial revenue fell 6%, organic industrial revenue looked to be positive to the tune of about 5%. Segment operating profit margin compressed about two points (due to weakness in energy, particularly wind power), but reported operating earnings from continuing operations rose 18%.
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General Electric: Cleaned Up And Reloaded (GE, SPW, NOV, UTX, BA, HOLX, HAL)
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