Power And Electrification Propel GE Vernova's Q2 Performance, Wind Orders Lag, Guidance Raised
Power And Electrification Propel GE Vernova's Q2 Performance, Wind Orders Lag, Guidance Raised
EPS for the quarter stood at $4.65, compared to $(0.55) a year ago. Net income recovered to $1.28 billion from a loss of $149 million last year.GE Vernova Inc. (NYSE:GEV) reported second-quarter 2024 revenue growth of 1% year-over-year to $8.204 billion, missing the consensus of $8.259 billion.
GE Vernova Inc. (纽交所: GEV)报告2024年第二季度营业收入同比增长1％至8204万元，未达到一致预期的8259万元。
Revenue was driven by strength in Electrification and Power and positive pricing in all segments. Services revenue grew 7% and 9% organically.
收入增长得益于电气化和动力部门的实力以及所有板块的正向定价。服务业收入有机增长了7％和9％。
Orders totaling $11.8 billion decreased 7% organically, mainly due to the cancellation of a large Offshore Wind equipment order from the previous year. Service orders saw double-digit growth, driven by Power and Electrification.
订单总额达到118亿美元，有机下降7％，主要是由于取消了上一年的大型海上风力设备订单。服务订单双位数增长，电力和电气化带动增长。
EPS for the quarter stood at $4.65, compared to $(0.55) a year ago. Net income recovered to $1.28 billion from a loss of $149 million last year.
本季度每股收益为4.65美元，去年为每股亏损0.55美元。净利润从去年的1.49亿美元亏损恢复至12.8亿美元。
Adjusted EBITDA margin expanded by 390 bps to 6.4% and improved 320 bps to 7.2% on an organic basis, with Adjusted EBITDA of $524 million (+158% YoY).
调整后的EBITDA利润率扩大了390个基点至6.4％，有机基础上提高320个基点至7.2％，调整后的EBITDA为52400万美元（同比增长158％）。
Power revenue was $4.455 billion (+8% YoY), and Orders reached $4.975 billion (+27% YoY), led by Gas Power, with increased HA gas turbines and double-digit services growth, and Hydro Power equipment.
电力收入为445.5万元（同比增长8％），订单达到49.75亿美元（同比增长27％），其中以燃气动力为主，增加了HA燃气轮机和双位数的服务增长，水电动力设备。
Wind revenue was $2.062 billion (-21% YoY), and Orders reached $2.16 billion (-44% YoY), reflecting the cancellation of a large Offshore Wind equipment order.
风能收入为2062万元（同比下降21％），订单达到2160万美元（同比下降44％），反映出取消了一笔大型海上风能设备订单。
Electrification revenue was $1.79 billion (+19% YoY), and Orders declined 4% YoY to $4.823 billion. Strong demand continued for transformers, switchgear, and circuit breakers.
电气化收入为1.79亿元（同比增长19％），订单同比下降4％至48.23亿美元。变压器，开关设备和断路器的需求持续强劲。
Cash from operating activities for the quarter totaled $978 million, compared to $288 million used a year ago. Free cash flow stood at $821 million.
本季度经营活动现金流量总额为9780万美元，相比去年净使用现金2880万美元增长。自由现金流为8210万美元。
In the second quarter of 2024, GE Vernova experienced two fatalities and updated its Life Saving Rules as fatality-free operations remain a top priority.
在2024年第二季度，GE Vernova经历了两起死亡事故，并更新了其救生规则，因为无死亡事故的运营仍然是首要任务。
"Global electrification and decarbonization trends continue to drive demand for our products and services, and we are delivering value for our stakeholders. Our lean operating model is focused on improving safety, quality, delivery and cost as we execute for our customers and innovate breakthrough energy transition technologies. Given our strong first half performance and momentum in our Power and Electrification segments, we are raising our full-year 2024 guidance," commented GE Vernova CEO Scott Strazik.
“全球电气化和减排趋势继续推动我们的产品和服务需求，我们正在为股东创造价值，我们的精益运营模式专注于提高安全，质量，交货和成本，以执行我们的客户并创新突破能源转型技术。由于我们的电力和电气化业务的强劲上半年表现和势头，我们提高了2024年全年的指引，“ GE Vernova CEO Scott Strazik评论道。
2024 Guidance: GE Vernova now expects revenue to trend towards the higher end of $34 billion-$35 billion versus $34.629 billion, and adjusted EBITDA margin of 5%-7%, up from the higher end of mid-single digits.
2024年指引：GE Vernova现预计营收将趋近于34亿至35亿美元的高端，而不是346.29亿美元，并将调整后的EBITDA利润率从中单位数的高端增加至5％-7％的高端。
The company now expects free cash flow of $1.3 billion-$1.7 billion, up from $0.7 billion-$1.1 billion.
该公司现预计，自由现金流将增长13亿至17亿美元，而不是7亿至11亿美元。
Price Action: GEV shares traded lower by 0.29% at $170.009 premarket at the last check Wednesday.
价格行动：截至上周三最后一次交易前，GEV股票盘前下跌0.29％，报170.009美元。