GE Vernova (NYSE:GEV) Full Year 2024 Results

Key Financial Results

• Revenue: US$34.9b (up 5.1% from FY 2023).
• Net income: US$1.55b (up from US$438.0m loss in FY 2023).
• Profit margin: 4.4% (up from net loss in FY 2023).
• EPS: US$5.64 (up from US$1.60 loss in FY 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

GE Vernova EPS Misses Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 15%.

The primary driver behind last 12 months revenue was the Power segment contributing a total revenue of US$18.1b (52% of total revenue). Notably, cost of sales worth US$28.5b amounted to 82% of total revenue thereby underscoring the impact on earnings. The largest operating expense was General & Administrative costs, amounting to US$4.22b (81% of total expenses). Over the last 12 months, the company's earnings were enhanced by non-operating gains of US$301.0m. Explore how GEV's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to grow 7.3% p.a. on average during the next 3 years, compared to a 8.7% growth forecast for the Electrical industry in the US.

Performance of the American Electrical industry.

The company's shares are up 1.4% from a week ago.

Risk Analysis

It is worth noting though that we have found 1 warning sign for GE Vernova that you need to take into consideration.

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