General Electric GE trading floor nyseAP Images / Richard Drew


 General Electric released its 2019 outlook on Thursday morning, and indicated that it still has a difficult road ahead. 

“GE’s challenges in 2019 are complex but clear,” GE chairman and CEO Larry Culp said in the press release. “We are facing them head on as we execute on our strategic priorities to improve our financial position and strengthen our businesses.”

READ  Ask Your self These Three Easy Inquiries to Eradicate Poisonous Relationships From Your Life

The company laid out the following expectations for 2019:

  • GE Industrial segment organic revenues will grow in the low- to mid-single-digit range.
  • Adjusted GE Industrial margin will be in a range from flat to 100 basis points.
  • Adjusted GE Industrial free cash flow of -$2 billion to flat. 
  • Adjusted earnings per share of $0.50 to $0.60.

READ  Teen screams for mom after main deputies on 100 mph chase - US

Culp said the company expects to reach a positive free cash flow in 2020 and 2021 “as headwinds diminish and our operational improvements yield financial results.” 

READ  The case for transferring to a retirement neighborhood - US

This story is developing…Check back for updates.

LEAVE A REPLY

Please enter your comment!
Please enter your name here