USPages > Business Directory > Conglomerates > General Electric Company

General Electric Company

Industry: Conglomerates

Fortune Rank: 4

For the nine months ended 30 September 2005, General Electric Company's revenue increased 13% to $123.21B. Net income increased 19% to $13.29B. Revenues reflects improved sales in Commercial Finance, Consumer Finance, Healthcare, Industrial, Infrastructure as well as NBC Universal business segments. Net income also reflects an increase in gross margins. GE is a conglomerate involved in the energy and finance sectors.

General Electric Company (GE) is a diversified industrial corporation engaged in developing, manufacturing and marketing a wide variety of products for the generation, transmission, distribution, control and utilization of electricity. The Company operated in 11 segments. On June 23, 2005, GE announced reorganization of its 11 businesses into six industry-focused businesses effective July 5, 2005. The six businesses are GE Infrastructure, GE Industrial, GE Commercial Financial Services, GE NBC Universal, GE Healthcare and GE Consumer Finance. During the year ended December 31, 2004, GE acquired the commercial lending business of Transamerica Finance Corporation. Also in 2004, GE acquired Australian Financial Investments Group. On May 11, 2004, GE completed the merger of NBC with Vivendi Universal Entertainment LLLP. In December 2004, GE Infrastructure completed the acquisition of InVision Technologies, Inc. Also in December 2004, GE sold a majority interest in Gecis.

General Electric Company

General Electric Company is a Fortune 500 company. In 2010 General Electric Company was ranked number 4 on the Fortune 500 list, making it the 4th largest company in the United States when judged by revenue.

General Electric Company achieved revenue of $156,779.00 million in 2010 and earned a profit of $11,025.00 million.

General Electric Company' rank improves

The company ranking improved in 2010, moving up the Fortune 500 list to 4th compared to 5th in 2009. This was based on its 2009 revenue of $183,207 million (a change of -27 million compared to 2010) and profits of $17,410 million (a change of $-6 million compared to 2009).

Another point of view

To many investors, profits are more important than the revenue a company earns. If the Fortune 500 was ranked by profits instead of revenue then General Electric Company would be ranked 12th rather than 4th due to its profits of $11,025 in 2010.

* US$ Million

• Address
  • General Electric Company
    3135 Easton Turnpike
    Fairfield
    CT
    06431
• Contact Details
  • Phone: 203-373-2211
  • Fax: 203-373-3131
  • Website: www.ge.com
  • Stock Symbol: GE

• Next Page: the 5th ranked company Bank of America Corporation
• Previous Page: the 3rd ranked company ChevronTexaco Corporation