earnings
confidence high
sentiment neutral
materiality 0.75
GE Vernova Q3 2024: revenue up 8% to $8.9B, net loss narrows to $99M, cash flow strong
GE Vernova Inc.
2024-Q3 EPS reported
$3.85
revenue$24,376,000,000
- Orders $9.4B (+17% org); revenue $8.9B (+8%, +10% org); net loss $99M vs $185M prior year.
- Adj EBITDA $243M (margin 2.7%); cash from ops $1.1B, FCF $1.0B; cash balance $7.4B.
- Power segment EBITDA margin 11.9% (+470bps); Electrification 10.4% (+630bps).
- Wind segment EBITDA loss widened to $317M from $225M due to Offshore Wind contract losses.
- Reaffirmed 2024 guidance: revenue trending to high end of $34-35B, FCF $1.3-1.7B towards high end.