Mar 7, 01:10 PM

GE Forecasts $1.8B Free Cash Flow, $10B Profit by 2028, Eyes Offshore Wind Opportunities, Dividend Restoration

General Electric (GE) is expected to generate up to $1.8 billion in free cash flow next year as its energy businesses prepare for a potential breakup. GE's energy spin-off is focusing on offshore wind opportunities. Meanwhile, GE Aerospace forecasts a $10 billion operating profit by 2028 and plans to increase shareholder returns through dividend restoration and profit allocation.

#General Electric #GE #GE Aerospace

Written with ChatGPT (GPT-3).

Sources

Stephanie Link@Stephanie_Link
2 years ago
$GE Aerospace Analyst Day reiterated 2024/2025 and long term 2028 targets. 2024 TR LDD, Op Profit $6-$6.5B, FCF $5B and 2025 TR LDD, Op Profit $7.1-$7.5B and FCF > 100% Conversion and the intent to buyback $15B post board approval.
Reuters@Reuters
2 years ago
Global wind output primed for new peak as spring breezes blow https://t.co/xZmvumMYrS https://t.co/WJgoE8gZzX
Reuters@Reuters
2 years ago
GE Aerospace sees $10 bln in operating profit in 2028, sets dividend target https://t.co/Vg9AeTG6i7 https://t.co/RkHYyaLoLq

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GE Forecasts $1.8B Free Cash Flow, $10B Profit by 2028, Eyes Offshore Wind Opportunities, Dividend Restoration

Sources

Additional media

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