The company said net cash provided by operating activities in 2024 was $2.08 billion, a 32.1% increase compared to 2023. In the same year, it used $1.75 billion of cash, net of cash acquired, for acquisitions and $54.2 million for dividends on common stock.

1. 01

   The company said net cash provided by operating activities in 2024 was $2.08 billion, a 32.1% increase compared to 2023. In the same year, it used $1.75 billion of cash, net of cash acquired, for acquisitions and $54.2 million for dividends on common stock.

2. 02

   The company cited the following changes in annual revenues for 2024: an increase of $1.68 billion in the Renewable Energy segment, an increase of $1.47 billion in the Electric Power segment, and a decrease of $354.6 million in the Underground and Infrastructure segment.

3. 03

   The company said remaining performance obligations as of December 31, 2024 were $16.76 billion and backlog was $34.54 billion, representing increases of 20.6% and 14.7%, respectively, compared to December 31, 2023.

4. 04

   The company said available commitments under its senior credit facility combined with cash and cash equivalents totaled $3.35 billion as of December 31, 2024. It also said capital expenditures for 2025 are expected to be approximately $500 million to $550 million.

Key figures

Fiscal year ended December 31, 2024

Revenue

$23.7B

Operating income

$1.3B

Net income

$905M

EPS

$6.03

Gross profit

$3.5B

Operating cash flow

$2.1B

Analysis scope · Management's discussion (MD&A)We analyzed excerpts of the Management's Discussion and Analysis (MD&A) section (with omissions). Other sections of the report, such as the notes to the financial statements and risk factors, were not reviewed.

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.