GE Vernova Inc. (NYSE:GEV) reported fourth-quarter results on Wednesday, as investors digested a mixed earnings picture amid continued operational momentum across key businesses.
Shares were trading lower following the report, reflecting an earnings miss even as the company highlighted solid demand, margin expansion, and cash generation during the period.
For the quarter, GE Vernova reported revenue of $10.956 billion, up 4% from $10.559 billion, and sales exceeded an analyst estimate of $10.213 billion. Fourth-quarter EPS of $2.79 missed a $3.18 estimate, while diluted GAAP EPS rose to $13.39 from $1.73 a year earlier.
Net income totaled $3.670 billion, producing a 33.5% margin, “inclusive of a $2.9 billion tax benefit due to a U.S. valuation allowance release.” Adjusted EBITDA was $1.158 billion, and adjusted EBITDA margin was 10.6%.
Fourth-quarter orders totaled $22.2 billion, up 65% organically, and backlog increased by $15.0 billion sequentially.
In Power, fourth-quarter revenue increased 6% to $5.749 billion, and segment EBITDA margin rose to 16.9% from 14.9%, with orders of $11.693 billion. The company signed 24 GW of new gas equipment contracts, converted 8 GW of existing slot reservation agreements …