GE: lifts outlook on strong backlog and margin expansion

(CercleFinance.com) - GE has raised its outlook for industrial free cash flow for 2019, even as results come under pressure from the grounding of Boeing's 737 MAX and tariffs.


GE said on Wednesday that it now expects industrial free cash flow to be between 0 and 2 billion dollars in 2019, up from its previous guidance of -1 to 1 billion dollars.

In a statement, the US conglomerate said that it is encouraged by its strong backlog, organic growth, margin expansion, and positive cash trajectory amidst global macro uncertainty.

Its industrial free cash flow reached 650 million dollars in the third quarter, down 43% year-on-year.

The GE share was up 9% in New York after these results.

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