General Electric expects negative cash flow in Q1 2021: CEO
CHICAGO (Reuters) – General Electric Co expects a cash outflow in the first quarter of 2021 despite a year-on-year increase in cash generation, Chief Executive Officer Larry Culp said at a Barclays Industrial Conference on Tuesday.
Culp said the first three months of the year tends to be the industrial conglomerate’s “softest” quarter.
Analysts surveyed by Refinitiv, on average, expect the Boston-based company to report a cash outflow of $671.7 million in the quarter through March.
GE’s shares were…