CHICAGO (Reuters) – General Electric Co on Wednesday reiterated its forecast to generate $2.5 billion to $4.5 billion in free cash flow this year, with an adjusted earnings of $0.15 to $0.25 per share.
The Boston-based industrial conglomerate said its outlook assumes an improvement in aviation revenue from last year as well as better
operational performance by power and renewable energy businesses.
“We are on a positive trajectory in 2021 as momentum builds across our businesses and we transform to a more focused, simpler, and stronger industrial company,” said Chief Executive Larry Culp.
GE also announced a reverse stock split at a ratio of 1-for-8.
(Reporting by Rajesh Kumar Singh; editing by John Stonestreet and Louise Heavens)
