Brooke Sutherland, Columnist

GE's Recovery Rests on Hopes Over Hard Math

Looking past the cash burn this year, GE strikes a positive tone. A true turnaround is still years away.

March 14, 2019 at 4:55 PM UTC

Brooke Sutherland is Bloomberg News' Boston bureau chief and writes the Industrial Strength Newsletter. She was previously a Bloomberg Opinion columnist covering deals and industrial companies and an M&A reporter for Bloomberg News.

Lots could still go wrong. — Lots could still go wrong.
Photographer: Goh Seng Chong/Bloomberg

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There’s a light on the horizon for General Electric Co., but you will be waiting a while for the company to reach it.

GE released its much-anticipated 2019 outlook on Thursday, saying it expects to burn as much as $2 billion in cash across its industrial businesses this year before that all-important number swings “well into” positive territory in 2020 and the turnaround accelerates in 2021.