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 GE ANNOUNCES 2019 OUTLOOK
   Thursday, March 14, 2019 7:00:00 AM ET

BOSTON – March 14, 2019 – GE (NYSE: GE) announced its 2019 outlook today as the company continues to execute against its strategic priorities of improving its financial position and strengthening its businesses.

GE Chairman and CEO H. Lawrence Culp, Jr. said, “GE’s challenges in 2019 are complex but clear. We are facing them head on as we execute on our strategic priorities to improve our financial position and strengthen our businesses. We have work to do in 2019, but we expect 2020 and 2021 performance to be significantly better with positive Industrial free cash flow as headwinds diminish and our operational improvements yield financial results. We will continue to take thoughtful actions to reduce downside risk and increase upside optionality to create long-term value for our shareholders.”

GE announced the following expectations for full-year 2019:

  • • GE Industrial segment organic revenues (non-GAAP) will grow in the low- to mid-single-digit range.
  • • Adjusted GE Industrial margin (non-GAAP) will expand in a range from flat to 100 basis points.
  • • Adjusted GE Industrial free cash flows (non-GAAP) of $(2) billion to $0 billion.
  • • Adjusted earnings per share (non-GAAP) of $0.50 to $0.60.
Looking ahead to 2020 and 2021, GE expects adjusted Industrial free cash flows (non-GAAP) to be positive in 2020, with the pace of improvement accelerating in 2021.

The company remains committed to its financial policy of targeting a rating in the Single A range, an Industrial leverage ratio of less than 2.5X net debt to EBITDA (non-GAAP), and a GE Capital debt-to-equity ratio of less than 4x.

A presentation with the company’s 2019 guidance and related financial information can be found on GE’s website at: ge.com/investor under Events and Reports.

For the full press release, please go here



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