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GE Vernova Inc (GEV), 2024 Q4 earnings digest
$GEV has released its Q4 and full year 2024 earnings report. Key stats reveal solid revenue growth of 9% and a substantial 440 basis point EBITDA margin expansion, highlighting profitability improvements amidst risks in the wind segment.
Quarterly performance included $13.2 billion in orders, boosting backlog to $119 billion. The electrification segment saw a remarkable 18% revenue growth , while gas equipment demand is set to grow further, supported by decarbonization trends .
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By ValueVerge$GEV has released its Q4 and full year 2024 earnings report. Key stats reveal solid revenue growth of 9% and a substantial 440 basis point EBITDA margin expansion, highlighting profitability improvements amidst risks in the wind segment.
Quarterly performance included $13.2 billion in orders, boosting backlog to $119 billion. The electrification segment saw a remarkable 18% revenue growth , while gas equipment demand is set to grow further, supported by decarbonization trends .