GE Transportation reported segment profits for fourth quarter 2012 of $252 million, up from $226 million in fourth quarter 2011. Full year 2012 profits were $1.0 billion, up from $757 million in 2011.
Fourth quarter revenues were $1.4 billion, which declined 7% year-over-year. Revenues for the full year 2012 were $5.6 billion, up 15% over 2011.
GE Transportation’s orders in the fourth quarter were $1.3 billion, up 7%. Full year orders were $5.5 billion, up 21% over 2011.
“Fourth quarter 2012 capped off a very successful year during which GE Transportation delivered record-level revenues and profits and gained nearly 3 points in margin improvements.“ said Lorenzo Simonelli, President and CEO of GE Transportation. “Looking ahead, our recent strategic acquisitions and substantial investments in technology and new production capacity have positioned us well to continue to deliver value to our customers and for strong operating performance in 2013.”
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