Speaking at an annual gathering of industrial executives, Wall Street analysts and investors Wednesday in Florida, GE Chairman and CEO Jeff Immelt outlined GE’s strategy as a simplified, digital industrial company with an increased focus on digital and additive technologies like 3D printing.
During his presentation at the Electrical Products Group Conference in Longboat Key, Florida, Immelt reaffirmed GE’s operating framework for the year and illustrated how the company is increasing productivity and gaining market share in a tougher global environment. Immelt added that GE’s cash and capital allocation goals remained on track for 2017. Last quarter, GE’s cash performance was below expectations, but the company expects sequential improvement in cash flow from operating activities throughout the year. GE made no change to its original cash targets for 2017.Manufacturing, News