GE Vernova reports Q2 EPS $4.65, may not compare to consensus 73c

Reports Q2 revenue $8.2B, consensus $8.26B. Total orders of $11.8B exceeded revenue by 1.4X. “GE Vernova delivered another strong quarter with EBITDA margin expansion across all segments and substantial cash improvement,” said GE Vernova CEO Scott Strazik. “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.”