The earnings call highlighted strong order growth, significant margin expansion, and strategic advancements in the Power and Electrification segments. However, challenges in the Wind segment and uncertainty in onshore wind markets were noted. Overall, the sentiment is positive due to the outweighing successes and strategic positioning for future growth.

Company Guidance

During the fourth quarter earnings call for GE Vernova, the company provided guidance indicating strong growth prospects driven by significant orders and backlog across its segments. For the full year 2024, GE Vernova reported $44 billion in orders and $35 billion in revenue, with EBITDA margin expanding across all segments, reaching 10.2% in Q4. They highlighted a substantial increase in their equipment backlog to $43 billion, with a $6 billion margin addition over the past two years. The Power segment experienced a 7% revenue growth with nearly 200 basis points of margin expansion, while Electrification achieved an 18% revenue increase and over 500 basis points of margin expansion. Wind segment EBITDA losses were nearly halved, reflecting progress in their turnaround efforts. The company ended the year with a robust cash balance of over $8 billion, supported by strong free cash flow generation and strategic divestitures. Looking ahead to 2025, GE Vernova expects mid-single-digit revenue growth, continued margin expansion, and free cash flow between $2 billion and $2.5 billion, driven by a growing and more profitable backlog.

Record Order and Revenue Growth

GE Vernova achieved record quarterly orders and revenues in Q4 2024, with orders increasing by 22% year-over-year to $13.2 billion and revenue rising by 9%.

Significant Margin Expansion

Adjusted EBITDA margin expanded by 440 basis points to reach 10.2% in Q4, with growth across all segments.

Electrification Segment Success

Electrification segment achieved 18% revenue growth and over 500 basis points of margin expansion for the year, driven by strong demand for grid solutions.

Power Segment Growth

Power segment reported 7% revenue growth and nearly 200 basis points of margin expansion in 2024, with significant growth in equipment and services orders.

Strong Cash Flow and Capital Strategy

GE Vernova generated $1.7 billion of free cash flow in 2024, nearly doubling its cash balance to over $8 billion, supported by strategic divestitures.

SMR Deployment Acceleration

Announcement of accelerated deployment of the BWRX-300 small modular nuclear reactor in partnership with several major U.S. utilities.

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GE Vernova Inc. (GEV) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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GEV Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Apr 25, 2024	2024 (Q1)	-0.48 / -0.41	-1.149	64.32% (+0.74)
Jul 24, 2024	2024 (Q2)	0.74 / 0.08	-0.547	114.81% (+0.63)
Oct 23, 2024	2024 (Q3)	0.19 / -0.16	-0.62	74.35% (+0.46)
Jan 22, 2025	2024 (Q4)	2.28 / 0.81	1.7	-52.41% (-0.89)
Apr 24, 2025	2025 (Q1)	0.44 / -	-0.41	―	―	―

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

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GEV Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Jan 22, 2025	$416.00	$427.10	+2.67%
Oct 23, 2024	$276.21	$279.67	+1.25%
Jul 24, 2024	$170.36	$162.78	-4.45%
Apr 25, 2024	$146.07	$148.20	+1.46%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

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