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.
週二，GE Vernova（紐交所：GEV）舉行了2024年投資者更新活動，以展示其多年財務展望並框定其資本配置策略。
"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.
GE Vernova首席財務官Ken Parks表示：「我們始終致力於保持投資級別的資產負債表，同時進行有機投資，追求有針對性的併購，並通過分紅和股票回購向股東返還至少三分之一的現金生成。」
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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).
公司預測2025年營業收入將達到360億到370億美元，相較於372.5億美元的共識，從中數位數的有機增長（隱含銷售額爲350億到370億）。
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
它還預計2025年的自由現金流將上升至20億到25億美元，上漲幅度高於2024年13億到17億美元的高端。
The company also authorized a $6 billion share buyback and a new quarterly dividend of 25 cents per share.
公司還批准了一項60億美元的股票回購計劃以及每股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.
GE Vernova預計到2028年營收將達到約450億美元，調整後的EBITDA利潤率爲14%，計劃到2028年投入約40億美元的資本支出和50億美元的研發。
The company projects generating at least $14 billion in free cash flow from 2025 to 2028.
公司預計從2025年到2028年產生至少140億美元的自由現金流。
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.
在投資者演示中，公司表示已開始在兩個海上風電項目上進行安裝。風能業務預計在2024年第四季度實現適度盈利，但公司對陸上訂單的時機持謹慎態度。
The company expects wind revenue to be down by mid-single digits in 2025, compared to the forecast of flat revenue this year.
公司預計2025年風能營業收入將下降中單位數，相較於今年預計的持平營業收入。
GE Vernova expects a stabilizing Offshore wind execution, with
GE Vernova預計海上風能執行將趨於穩定，
- 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.
- 已完成葉片事件的根本原因分析，並根據需要進行了糾正。
- 在兩個項目現場安裝葉片、機艙和塔架，已安裝56個渦輪機。
- 評估經濟性以加快完成，同時確保安全和質量。
- 在陸上風能業務中取得協同效應。
Price Action: GEV stock is up 4.6% at $342.95 at last check Wednesday.
價格動態：GEV股票在週三最後檢查時上漲了4.6%，報342.95美元。
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Photo: Shutterstock
圖片：Shutterstock
譯文內容由第三人軟體翻譯。
