Boston-based General Electric Company (GE) is a high-tech industrial company that operates in four segments: Power; Renewable Energy; Aviation; and Capital. After reporting good quarterly growth for its jet-engine unit as commercial flight traffic returns from a pandemic-driven slump, GE cautioned that supply-chain disruption would pressure its operations this year.
On a conference call, company executives stated that they expect these challenges to persist into the second quarter. They anticipate that GE's adjusted free cash flow, a crucial indicator of profitability, will be negative in the second quarter but will be better than the negative $880 million reported in the first.
