Update: GE has strong wind Q4

Equipment orders within General Electric’s Power & Water segment rose 81% year-on-year in the fourth quarter, due in part to a “strong” performance from the wind unit.

GE saw wind-related revenues rise 6% in the final quarter of 2013 as it delivered 875 turbines worldwide versus 722 a year earlier.

Results would have been even better had the company not experienced quality problems with blades from an outside supplier.

Roughly 200 turbines that were intended for delivery in 2013 will instead be shipped this year due to “supply chain issues, and project and customer delays.”

This cost GE $500m in wind revenue and $100m in margin in the quarter,GE chief financial officer Jeffrey Bornstein told analysts on a conference call.

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