GE Vernova Q1 revenue $7.3B +6%; net loss narrows to $106M; reaffirms guidance

GE Vernova Inc.

2025-Q1 EPS reported -$0.47 revenue$7,260,000,000

Total revenue $7.26B (+6% YoY); net loss $(106)M improved from $(346)M.
Adjusted EBITDA $189M vs. $(185M) YoY; margin 2.6% (+530bps).
Free cash flow $(661)M, improved $153M from Q1 2023; reaffirms 2024 FCF guidance $0.7-1.1B.
Power segment orders $5.0B (+24% organic) on HA/Aeroderivative gas turbines; Electrification revenue +21% organic.
Wind segment revenue $(1.6)B (-7% organic); Onshore Wind positive EBITDA for third consecutive quarter.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

GE Vernova Inc. reported first quarter 2024 results: revenue $7,260 million, net income $(106) million, EPS $(0.47) per share. Guidance reaffirmed.

Period: first quarter 2024
Revenue: $7,260 million
Net income: $(106) million
EPS: $(0.47) per share
Guidance: reaffirmed
Result: reported results

Exact text from the filing

Guidance: GE Vernova reaffirmed its 2024 financial guidance for revenue of $34-35 billion, adjusted EBITDA margin* at the high end of mid-single digits, cash from operating activities of $1.5-1.9 billion, and free cash flow* of $0.7-1.1 billion. Additionally, GE Vernova reaffirmed segment guidance of: • Power: mid-single digit organic revenue* growth with ~100bps of organic EBITDA margin* expansion. • Wind: flat organic revenue* growth, approaching profitability. • Electrification: low double-digit organic revenue* growth with mid-single digit segment EBITDA margins. Total Company Results Three months ended March 31 (Dollars in millions, except per share) 2024 2023 Year-on-Year GAAP Metrics Total Revenues $7,260 $6,822 6% Net Income (loss) $(106) $(346) $240 Net Income (loss) margin (1.5) % (5.1) % 360bps EPS(a) $(0.47) $(1.15) 59% Cash from (used for) Operating Activities $(444) $(690) $246 Non-GAAP Metrics Organic Revenues $7,169 $6,829 5% Adjusted EBITDA $189 $(185) $374 Adjusted EB

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