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AI English summary of an SEC filing — figures as filed

GE Vernova logoGE Vernova GEV

GE Vernova said fourth-quarter Q4 2024 orders were $13.2B (organic +22%), revenue $10.6B (+5%, organic +9%), and net income $0.5B (net income margin 4.6%).

8-KResults of Operations and Financial ConditionFiled Period of report Summary published (UTC)

Key points

AI summary
  1. GE Vernova said fourth-quarter Q4 2024 orders were $13.2B (organic +22%), revenue $10.6B (+5%, organic +9%), and net income $0.5B (net income margin 4.6%).

  2. The company reported full-year 2024 revenue of $34,935 million (+5%), net income of $1,559 million (net income margin 4.5%), and adjusted EBITDA of $2,035 million (adjusted EBITDA margin 5.8%).

  3. GE Vernova said cash from operating activities in the fourth quarter of Q4 2024 was $922 million and free cash flow was $572 million, while for the full year they were $2,583 million and $1,701 million, respectively.

  4. The company said in the fourth quarter it approved an initial $6 billion share repurchase authorization and declared a quarterly dividend of $0.25 per share, and reaffirmed its 2025 guidance for revenue of $36 to $37 billion and free cash flow of $2.0 to $2.5 billion.

Summary

AI-written

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

Fourth-Quarter Q4 2024 Orders, Revenue and Net Income

GE Vernova said fourth-quarter Q4 2024 orders were $13.2B (organic +22%), revenue $10.6B (+5%, organic +9%), and net income $0.5B (net income margin 4.6%).

Source · Based on the filing body and exhibits

Full-Year 2024 Revenue, Net Income and Adjusted EBITDA

The company reported full-year 2024 revenue of $34,935 million (+5%), net income of $1,559 million (net income margin 4.5%), and adjusted EBITDA of $2,035 million (adjusted EBITDA margin 5.8%).

Source · Based on the filing body and exhibits

Operating Cash Flow and Free Cash Flow

GE Vernova said cash from operating activities in the fourth quarter of Q4 2024 was $922 million and free cash flow was $572 million, while for the full year they were $2,583 million and $1,701 million, respectively.

Source · Based on the filing body and exhibits

Share Repurchase Authorization, Dividend and 2025 Guidance Reaffirmed

The company said in the fourth quarter it approved an initial $6 billion share repurchase authorization and declared a quarterly dividend of $0.25 per share, and reaffirmed its 2025 guidance for revenue of $36 to $37 billion and free cash flow of $2.0 to $2.5 billion.

Source · Based on the filing body and exhibits

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.

Source: SEC EDGAR (U.S. Securities and Exchange Commission). Item captions are the SEC's. The summary is for reference only and is not investment advice.