GE Vernova Projects Growth But Notes Challenges In Wind Segment
GE Vernova Projects Growth But Notes Challenges In Wind Segment
The company forecasts higher revenues for 2025 of $36 billion—$37 billion compared to the consensus of $37.25 billion, up from mid-single-digit organic growth (implied sales of $35 billion—$37 billion).On Tuesday, GE Vernova (NYSE:GEV) hosted its 2024 Investor Update event to present its multi-year financial outlook and frame its capital allocation strategy.
周二，通用电气Vernova（纽约证券交易所代码：GEV）举办了2024年投资者更新活动，以介绍其多年财务展望并制定其资本配置战略。
"We remain committed to maintaining an investment grade balance sheet as we make organic investments, pursue targeted M&A, and return at least one-third of cash generation to shareholders through dividends and share repurchases," said GE Vernova CFO Ken Parks.
通用电气Vernova首席财务官肯·帕克斯表示：“我们仍然致力于维持投资级别的资产负债表，进行有机投资，进行有针对性的并购，并通过分红和股票回购将至少三分之一的现金产生回报给股东。”
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The company forecasts higher revenues for 2025 of $36 billion—$37 billion compared to the consensus of $37.25 billion, up from mid-single-digit organic growth (implied sales of $35 billion—$37 billion).
该公司预测，2025年的收入将增加360亿美元至370亿美元，高于预期的372.5亿美元，高于中等个位数的有机增长（隐含销售额为350亿美元至370亿美元）。
It also sees free cash flow rising to between $2 billion and $2.5 billion in 2025, up from the higher end of $1.3 billion to $1.7 billion in 2024
它还预计，到2025年，自由现金流将从13亿美元的高端增加到2024年的17亿美元，增至2024年的17亿美元
The company also authorized a $6 billion share buyback and a new quarterly dividend of 25 cents per share.
该公司还批准了60亿美元的股票回购和每股25美分的新季度股息。
GE Vernova forecasts around $45 billion in revenue and a 14% adjusted EBITDA margin by 2028, with plans to invest approximately $4 billion in capital expenses and $5 billion in R&D by 2028.
通用电气Vernova预测，到2028年，收入约为450亿美元，调整后的息税折旧摊销前利润率为14％，计划到2028年在资本支出上投资约40亿美元，在研发上投资50亿美元。
The company projects generating at least $14 billion in free cash flow from 2025 to 2028.
该公司预计，从2025年到2028年，将产生至少140亿美元的自由现金流。
In its investor presentation, the company said it has started installation at both offshore wind projects. The wind business is on track for modest profitability in the fourth quarter of 2024, but the company remains cautious about the timing of onshore order inflection.
该公司在投资者报告中表示，已开始在两个海上风电项目上进行安装。风能业务有望在2024年第四季度实现适度盈利，但该公司对陆上订单激增的时机仍持谨慎态度。
The company expects wind revenue to be down by mid-single digits in 2025, compared to the forecast of flat revenue this year.
该公司预计，与今年收入持平的预测相比，到2025年，风能收入将下降中等个位数。
GE Vernova expects a stabilizing Offshore wind execution, with
通用电气Vernova预计海上风电的执行将保持稳定，
- Completed root-cause analysis of the blade events and remediated them as necessary.
- Installing blades, nacelles, & towers at both project sites, with 56 turbines installed.
- Evaluating economics to accelerate completion while ensuring safety and quality.
- Progressing to achieve synergies with Onshore Wind.
- 完成了刀片事件的根本原因分析，并在必要时进行了补救。
- 在两个项目地点安装叶片、机舱和塔楼，安装了 56 台涡轮机。
- 评估经济状况以加快完工，同时确保安全和质量。
- 在与陆上风能实现协同效应方面取得进展。
Price Action: GEV stock is up 4.6% at $342.95 at last check Wednesday.
价格走势：在周三的最后一次检查中，GEV股价上涨4.6％，至342.95美元。
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Photo: Shutterstock
照片：Shutterstock
