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  • G's turnaround is gaining steam.

  • The industrial conglomerate reported on Tuesday a big surgeon quarterly cash flow that crushed its own expectations and issued an upbeat outlook.

  • General Electric generated $4.4 billion in cash flow in the fourth quarter and announces that totaling 2.5 to $4.5 billion for this year.

  • Investors closely tracked cash flow because it's seen as a sign of the health of gigs, operations and its ability to pay down debt.

  • Wall Street liked what it saw driving gig shares up nearly 11% in early trading Monday.

  • CEO Larry Culp has been trying to revive the company by improving free cash flow and cutting debt.

  • He said he's seeing momentum across all of GS businesses.

  • The pandemic slammed its most profitable and biggest cash generating business, aviation.

  • But with air traffic expected to recover in the second half and Boeing 7 37 MAX jets returned to the skies, G said its aviation revenue will be flat toe higher this year.

G's turnaround is gaining steam.

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GE’s cash flow surges, ups outlook

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    林宜悉 posted on 2021/01/28
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