GE has announced fourth-quarter 2015 industrial operating and verticals EPS of US$0.52, up 27% from the fourth-quarter of 2014.
Total industrial profit was US$15.9 billion and GE industrial and verticals revenues were US$117.0B billion.
‘GE executed well in a slow-growth environment,’ said Jeff Immelt, chairman and CEO. ‘For 2015, we accomplished all of the goals we outlined for investors. We recognize that the first few weeks of 2016 have been especially volatile. However, our orders in the fourth quarter grew 1% organically and our backlog grew to US$315 billion with Alstom. We believe in the strength of our business model and that there is enough growth out there to deliver in 2016.’
This story uses material from GE, with editorial changes made by Materials Today. The views expressed in this article do not necessarily represent those of Elsevier.