Strong Financial Performance

GE Vernova Inc. announced a remarkable 11% year-on-year revenue increase to $8 billion for the first quarter of 2025, outperforming analysts' expectations. The company also reported a significant turnaround in net income, soaring to $264 million from a net loss of $106 million in the corresponding period of 2024.

Earnings and Orders Growth

Diluted earnings per share (EPS) witnessed a substantial leap to $0.91, compared to a loss of $0.47 per share in the previous year. Orders saw an 8% increase year-on-year, reaching $10.2 billion, with power equipment and services leading the charge.

2025 Guidance Reaffirmed

GE Vernova has reaffirmed its revenue forecast for 2025, projecting between $36-37 billion. This includes adjustments for tariffs and inflation, estimated to impact revenues by approximately $300-$400 million.

Leadership's Perspective

"We had a strong start to 2025... Generating positive free cash flow in the first quarter marks a milestone for GE Vernova, showcasing effective down payments and working capital management," stated CFO Ken Parks. Following the announcement, Verizon shares experienced an 8.26% surge in premarket trading, reaching $353.