'Are you kidding me?... You dropped a bomb on my head.' 3 experts react to GE's shares plummeting after CEO Larry Culp said the company's 'industrial free cash flow in 2019 will be negative.'
General Electric CEO Larry Culp said at a J.P. Morgan conference on Tuesday that the company's industrial free cash flow"in 2019 will be negative."
GE generated $4.5 billion in industrial free cash flow last year. Culp is working on turning around GE's fortunes as he focuses on improving the company's cash generation, as well as cutting costs. "You've got a commitment from me and the senior team to continue to improve our disclosures. Full stop," Culp told Tusa."We highlight restructuring in a host of different ways but what I'd like to have it be is more consistent."
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