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Siemens U.S. Business Units Post Strong Sales Growth in Q3 1995

Strategic Insights

— 1 min read

Siemens U.S. business units reported a 4% increase in sales to $5.4 billion for the first nine months of fiscal 1994/95, up from $5.2 billion in the corresponding 1993/94 period. This growth reflects the performance of all Siemens U.S. businesses, excluding revenues from Siemens Pacesetter, Inc., which was sold to St. Jude Medical Inc. in September 1994. Among the units showing strong growth were OSRAM SYLVANIA, Inc., up 13%; Siemens Components, Inc., up 32%; Siemens ROLM, up 9%; and Siemens Automotive, up 25%.

Key Takeaways:

  • Siemens U.S. business units reported a 4% increase in sales to $5.4 billion for the first nine months of fiscal 1994/95, up from $5.2 billion in the corresponding 1993/94 period.
  • The growth in order volume was impacted by the sale of the pacemaker business, with orders increasing by 6% to $5.7 billion for all Siemens-owned U.S. businesses.
  • Siemens Components, Inc. reported a growth rate of 32% in the nine-month period, while Siemens Automotive experienced a 25% increase.
  • The company's employee numbers decreased by approximately 1,000 to 46,400 at the end of the third quarter, primarily due to the sale of the pacemaker business.
  • Siemens Medical Systems Oncology Care Systems Group received clearance to market its new SIMVIEW 3000 universal simulator for radiation oncology.
  • The University of Michigan Medical Center selected Siemens Medical Systems, Inc. to provide an extensive electronic medical image management and communication system.
  • Siemens Solar Industries was awarded a contract by the Indian Renewable Energy Development Agency (IREDA) to conduct solar electric system design training in India.

Statistics:

  • Siemans U.S. business units reported a 4% increase in sales to $5.4 billion for the first nine months of fiscal 1994/95.
  • Orders increased by 6% to $5.7 billion for all Siemens-owned U.S. businesses.
  • Employee numbers decreased by approximately 1,000 to 46,400 at the end of the third quarter.
  • Siemens Components, Inc. reported a growth rate of 32% in the nine-month period.
  • Siemens Automotive experienced a 25% increase in the nine-month period.
  • The company's capital spending totaled $4.9 billion in the first nine months of the fiscal year.
  • Net income after taxes rose by 13% to $1.405 billion.

Sources:

  • Siemens Corporation press release, July 24, 1995
  • PRNewswire, July 24, 1995
  • Siemens Corporation website, 1995

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