Reports Q4 revenue $10.6B, consensus $10.7B. Reports Q4 orders $13.2B, up 22% organically. “GE Vernova (GEV) built a strong foundation in 2024 with solid orders and revenue growth, as well as significant margin expansion and cash generation. We saw strength in Power and Electrification and improvement in Wind, while growing our equipment backlog at better margins ,” said GE Vernova CEO Scott Strazik. ” Our progress reinforces the important role we play in electrifying and decarbonizing the world as we deliver on accelerating demand for our equipment and services. Our lean culture is driving operational improvement across safety, quality, delivery, and cost. As we enter 2025, I’m grateful for our team’s dedication and optimistic about the future as we continue creating value for our stakeholders.”
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