secwatch.observer — SEC 8-K summary
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Issuer:     GE Vernova Inc. (GEV)
CIK:        0001996810
Form:       8-K
Filed at:   2024-07-24T23:59:59+00:00
Accession:  0001996810-24-000065
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

GE Vernova Q2 net income $1.28B, adj EBITDA margin 6.4%, raises 2024 guidance
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- Net income $1.28B versus ($149M) loss YoY; diluted EPS $4.65.
- Revenue $8.2B (+1% reported, +2% organic); adj EBITDA $524M (+$321M), margin 6.4% (+390 bps).
- Free cash flow $821M vs ($447M) YoY; cash balance $5.8B.
- Raising 2024 guidance: revenue trending to high end of $34-35B; adj EBITDA margin 5-7%; FCF $1.3-1.7B.
- Power orders +30% organic; Electrification revenue +19% organic; Wind EBITDA loss narrowed to ($117M).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1996810/000199681024000065/0001996810-24-000065-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1996810/000199681024000065/gev-20240724.htm
  HTML page:      https://secwatch.observer/filing/0001996810-24-000065

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer