Boston-based industrial conglomerate General Electric Company (GE) said on Thursday, May 12, that it sees growth improving across its businesses in the second half of the year despite ongoing inflationary and 澳洲幸运5官方开奖结果体彩网:supply chain disruption challenges.

Last month, GE told investors that it is trending toward the low end of its full-year 澳洲幸运5官方开奖结果体彩网:earnings guidance amid persistent logistical disruptions resulting from pandemic-related lock💝downs in China and Russia's war in Ukraine.

To offset these challenges, the company has implemented price hikes and written price rise clauses into its service contracts with key customers and suppliers. The maker of GE jet engines also remains committed to reducing costs through sourcing alternative parts and improving 澳洲幸运5官方开奖结果体彩网:efficiency throughout the entire business.

GE's 澳洲幸运5官方开奖结果体彩网:Chief Financial Officer (CFO) Carolina Dybeck Happe said that implementing these measures set the company up for a better second half of the year. "Nothing is certain in an environment where so much is changing day to day. But clearly, we have a path to significant growth in the second half," she asserted at The Goldman Sachs Group, Inc.'s (GS) annual Industrials and Materials Conference.

Happe's comments reiterate CEO Lawrence Culp's remarks during GE's first-quarter 澳洲幸运5官方开奖结果体彩网:conference call in April, when he told investors that operational improvements had positioned the conglomerate to reinvest in innovation and grow the business, spearheaded by a recovery in its aviation arm and ongoing strength in its healthcare segment.

2022 Financial Outlook

The company expects 2022 full-year adjusted 澳洲幸运5官方开奖结果体彩网:earnings per share (EPS to come in between $2.80 and $3.50, with high-single-digit year-over-year (YOY) revenue growth. It anticipates that 澳洲幸运5官方开奖结果体彩网:free cash flow (FCF) will likely be in a range between $5.5 billion and $6.5 billion for the year before exceeding $7 billion in 2023.

However, Happe cautioned that next year's cash flow figure could fall short of expectations if the company does post earnings at the lower end of its forecast. "It's going to be less of a plus, but we do have a path to $7 billion of free cash flow," she said.

GE remains on track for a major company 澳洲幸运5官方开奖结果体彩网:restructure over the coming years in which it plans to form three independent businesse🐻s centered around energy, healthcare, and aviation.

Impact for Investors

The company's stock has fallen 22.43% on the year and is trading just 2.9% above its 澳洲幸运5官方开奖结果体彩网:52-week low of $71.14. By comparison, the 澳洲幸运5官方开奖结果体彩网:S&P 500 index has dropped 17.54% year to date and sits 1.8% above its 12-month low. Give♔n GE's underperformance of the broader market, the positive update about improving growth in the second half may help improve investor sentiment, potentially lifting retur𝄹ns in line with the major indices.

Disclosure: The author held no positions in the aforementioned securities at the time of publication.