GE Vernova Reaffirms FY24 Sales Guidance Of $35B Vs. $34.93B Estimate
Portfolio Pulse from Mohit Manghnani
GE Vernova reaffirms its FY24 sales guidance, expecting revenue at the higher end of $34-$35 billion, with improved EBITDA margins and free cash flow. The Power segment anticipates mid-single digit growth, Wind aims for profitability, and Electrification expects high-teens growth.
October 23, 2024 | 10:34 am
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GE Vernova reaffirms its FY24 guidance, expecting revenue at the higher end of $34-$35 billion, with improved EBITDA margins and free cash flow. The Power segment anticipates mid-single digit growth, Wind aims for profitability, and Electrification expects high-teens growth.
GE Vernova's reaffirmation of its FY24 guidance with expectations of higher revenue, improved EBITDA margins, and strong free cash flow is a positive indicator for investors. The specific growth in Power, Wind, and Electrification segments further supports a positive outlook.
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