IRFIELD, Conn., Jan 23, 2009 (BUSINESS WIRE) -- --4Q earnings per share (EPS) of $.37 before preferred dividend (including charges), or $.36 attributable to common shareowners (including charges); 4Q earnings of $3.9 billion
--Full-year (FY) EPS of $1.79 before preferred dividend, or $1.78 attributable to common shareowners; FY earnings of $18.1 billion
--Infrastructure and Media earnings up 3% in 4Q and 10% for year
--Capital Finance earned $1 billion in 4Q and $8.6 billion for year
--4Q revenues of $46.2 billion, impacted by stronger U.S. dollar and business exits; FY revenues of $183 billion, up 6%; FY Industrial organic revenue growth of 8%; global revenue growth of 13%
--Recorded $1.5 billion of restructuring, including increased reserves in current environment, versus guidance of up to $1.4 billion
--Through today, achieved 64% of 2009 long-term debt goal; commercial paper of $72 billion at year- end, a decrease of $29 billion year-over-year
--Infrastructure 4Q orders declined 6%; Total equipment and services backlog grew to $172 billion, up 9%
GE announced today fourth-quarter 2008 earnings from continuing operations of $3.9 billion, or $.37 per share before preferred dividend, or $.36 per share attributable to common shareowners. Results included $1.5 billion of after-tax restructuring and other charges, including increased reserves in current environment, which are above the Company's original plan and the restructuring will lower costs for 2009 and beyond.
For the year, revenue was $183 billion, up 6%, and earnings were $18.1 billion, down 19%. This was the third highest earnings year in GE history.