Jeff Immelt
Jeff Immelt
Jeffrey Robert "Jeff" Immeltis an American business executive. He is currently the chairman of the board and chief executive officer of the U.S.-based conglomerate General Electric. He was selected as GE's CEO by their Board of Directors in 2000 to replace Jack Welch upon Welch's retirement from GE. Previously, Immelt had headed up GE's Medical Systems divisionas its President and CEO...
asia continued developing growth mid slow strong
We see continued strong growth in Asia and developing markets, mid single-digit growth in the Americas, and slow growth in Europe.
finish growth solid strong year
We are well positioned for a strong finish to the year and solid double-digit growth into 2006,
environment execution fourth growth slow solid
We think we'll have solid execution in a slow growth environment in the fourth quarter,
achieve confident earnings growth percent remain share
We also remain confident that we will achieve 10 to 15 percent earnings per share growth in 2005,
achieved across despite earnings environment growth remain six volatile
Despite a volatile environment, our fundamentals remain very strong, as we achieved double-digit earnings growth across all six of our businesses.
double economic growth slow
We really don't see a double dip, just slow economic growth,
cash earnings flow growth track
We are on track for double-digit growth in earnings and cash flow in 2005 and beyond,
businesses created double earnings executing favorable generate growing growth half nine power second shipments strength systems turning year
The year is turning out as planned, ... As expected, the ramp-down of our turbine shipments in the first half created earnings pressure. However, we are executing with broad-based strength to generate significant growth in the second half. We see nine of 13 businesses growing in double digits and more favorable comparisons in power systems and insurance.
building company executing good growth leadership operating portfolio strong win
We're positioned to win in this environment. We've got the company so we can have good operating growth in 2003, ... We're executing on a very strong leadership agenda, transforming the portfolio and building sustainable growth.
growth quarter seen since
It's really the broadest growth we've seen since the first quarter of 2000,
across appliances believe brand building business consumer create efficient either greater grow investing lighting money powerful product similar taking together
Because appliances and lighting have powerful connections with similar consumer bases, we believe they will now be able to grow more successfully together than either would on its own, ... We want to create a simpler, more efficient business that will be competitive across all product lines. By taking out administrative costs, we will be able to put that money back into investing in new technologies and building greater brand awareness.
businesses continue growth markets performing solid
GE's end markets continue to show solid growth, and our businesses are performing very well,
commodity equity fit hate low manage message responsibility return
ERC doesn't really fit the GE that I want to have, ... The return on equity is too low and there's too many commodity segments. I hate having to give this message to you, but my responsibility to you is to manage it, and that's what I'm doing.
commitment confident deliver despite earnings estimated guidance insurance losses quarter solutions storm third
We have estimated the losses at GE Insurance Solutions from the storm and its aftermath, and despite this impact, we are confident we will deliver on our commitment to shareholders and are reaffirming our earnings guidance for the third quarter and the year.