Latest news with #GE Vernova
Yahoo
6 days ago
- Business
- Yahoo
GE Aerospace Q2 Earnings & Revenues Beat Estimates, Increase Y/Y
GE Aerospace GE reported second-quarter 2025 results, wherein both revenues and earnings surpassed the Zacks Consensus is worth noting that in April 2024, GE Aerospace emerged as a separate public company, following the spin-off of GE Vernova Inc. GEV from General Electric. Inside GE's Headlines The company's second-quarter adjusted earnings were $1.66 per share, which beat the Zacks Consensus Estimate of $1.43. The bottom line surged 38% year over revenues were $11 billion, indicating a year-over-year increase of 21%. Total orders grew 27% on a year-over-year basis to $14.2 revenues were $10.2 billion, marking a year-over-year increase of 23%. The metric beat the consensus estimate of $9.7 billion. (Find the latest EPS estimates and surprises on Zacks Earnings Calendar.) GE Aerospace Price, Consensus and EPS Surprise GE Aerospace price-consensus-eps-surprise-chart | GE Aerospace Quote GE's Segmental Discussion Revenues from the company's Commercial Engines & Services business jumped 30% year over year to $7.99 billion. The Zacks Consensus Estimate for the business' revenues was pegged at $7.43 billion. The results were driven by higher shop visit work scope, increased spare parts and price. Total orders in the segment rose 28% year over year to $11.7 Defense & Propulsion Technologies segment's revenues totaled $2.56 billion, up 7% year over year. The Zacks Consensus Estimate for the segment's revenues was pegged at $2.57 billion. Results benefited from the strong momentum in the defense & propulsion technologies business. Total orders in the segment increased 24% year over year to $2.9 billion. GE's Margin Profile GE Aerospace's cost of sales (comprising costs of equipment and services sold) surged 22.8% year over year at $6.85 billion. Selling, general and administrative expenses increased 10.4% year over year to $1.02 billion. Research and development expenses totaled $359 million, reflecting a year-over-year rise of 19.7%.GE Aerospace's operating profit (non-GAAP) was $2.3 billion, up 23% year over year. The margin was 23%, down 10 basis points. GE Aerospace's Balance Sheet & Cash Flow Exiting the second quarter of 2025, GE Aerospace had cash, cash equivalents and restricted cash of $10.9 billion compared with $13.6 billion at the end of December 2024. The company's long-term borrowings were $17 billion compared with $17.2 billion at the end of December the second quarter, the adjusted free cash flow was $2.1 billion compared with $1.1 billion in the year-ago the same quarter, GE rewarded its shareholders with a dividend payment of $0.4 billion. The company repurchased shares for approximately $1.7 billion during the same period. GE's Outlook For 2025, GE expects adjusted revenues to grow in the mid-teens range from the year-ago period's actual. Operating profit is estimated to be in the band of $8.2-$8.5 billion. Adjusted earnings are predicted to be in the range of $5.60-$5.80 per share. The free cash flow is anticipated to be in the band of $6.5-$6.9 billion, with the conversion rate projected to be more than 100%.GE Aerospace expects the Commercial Engines & Services segment's revenues to grow in the high-teens range, whereas operating profit is anticipated to be in the band of $8.0-$8.2 billion. For the Defense & Propulsion Technologies segment, revenues are projected to increase in the mid to high-single-digit range, whereas operating profit is anticipated to be in the band of $1.1-$1.3 billion. Zacks Rank and Other Stocks to Consider The company currently carries a Zacks Rank #2 (Buy). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks other top-ranked stocks from the same space are discussed below: Huntington Ingalls Industries HII presently sports a Zacks Rank of 1. HII's earnings surpassed the consensus estimate twice and missed on the other two occasions in the trailing four quarters. The average earnings surprise was 4.2%. In the past 60 days, the Zacks Consensus Estimate for Huntington Ingalls' 2025 earnings has increased 0.8%.Howmet Aerospace HWM currently carries a Zacks Rank of 2. HWM has an impressive earnings surprise history, having outperformed the consensus estimate in each of the preceding four quarters, the average surprise being 8.8%. In the past 60 days, the Zacks Consensus Estimate for Howmet Aerospace's 2025 earnings has increased 0.9%. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report GE Aerospace (GE) : Free Stock Analysis Report Huntington Ingalls Industries, Inc. (HII) : Free Stock Analysis Report Howmet Aerospace Inc. (HWM) : Free Stock Analysis Report GE Vernova Inc. (GEV) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
12-07-2025
- Business
- Yahoo
GE Vernova Inc. (GEV): It's Not Too Late To Say I Missed Out On It, Says Jim Cramer
We recently published . GE Vernova Inc. (NYSE:GEV) is one of the stocks Jim Cramer recently discussed. GE Vernova Inc. (NYSE:GEV) has been one of the top-performing stocks in 2025 as its shares have gained 55% year-to-date. It is also one of Cramer's top stocks as the CNBC host has maintained that the firm is among the few nuclear power equipment providers that have a clear idea of the future. Cramer's previous comments about GE Vernova Inc. (NYSE:GEV) have speculated that the stock could close the year higher than its level at June's close. He maintained this sentiment during this appearance: 'Very positive piece about GE Vernova. let me use that, and that's the company that makes gas turbines. . .But when you look at that company you say all right I missed that one clearly. And no it's not too late.' Cramer's earlier comments about GE Vernova Inc. (NYSE:GEV) discussed the stock's potential for the remainder of the year. Here is what he said: 'But what do we do with the very different set of winners for the first half? I want you to consider the GE Vernovas and the Howmets and the Palantirs, the stocks that are likely to finish the year dramatically higher from these exalted levels. What do you do with the stocks that have been on a run nonstop for 26 weeks, though? I think you send them on one of those two-week vacations like that Southeast Asia, Cape Town, maybe New Zealand. You pay no attention to them. Let them have a good time. Just take them off your screen, come back to them when the rotations run its course.' While we acknowledge the potential of GEV as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the . READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now. Disclosure: None. This article is originally published at Insider Monkey. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
11-07-2025
- Business
- Yahoo
GE Vernova Inc. (GEV): It's Not Too Late To Say I Missed Out On It, Says Jim Cramer
We recently published . GE Vernova Inc. (NYSE:GEV) is one of the stocks Jim Cramer recently discussed. GE Vernova Inc. (NYSE:GEV) has been one of the top-performing stocks in 2025 as its shares have gained 55% year-to-date. It is also one of Cramer's top stocks as the CNBC host has maintained that the firm is among the few nuclear power equipment providers that have a clear idea of the future. Cramer's previous comments about GE Vernova Inc. (NYSE:GEV) have speculated that the stock could close the year higher than its level at June's close. He maintained this sentiment during this appearance: 'Very positive piece about GE Vernova. let me use that, and that's the company that makes gas turbines. . .But when you look at that company you say all right I missed that one clearly. And no it's not too late.' Cramer's earlier comments about GE Vernova Inc. (NYSE:GEV) discussed the stock's potential for the remainder of the year. Here is what he said: 'But what do we do with the very different set of winners for the first half? I want you to consider the GE Vernovas and the Howmets and the Palantirs, the stocks that are likely to finish the year dramatically higher from these exalted levels. What do you do with the stocks that have been on a run nonstop for 26 weeks, though? I think you send them on one of those two-week vacations like that Southeast Asia, Cape Town, maybe New Zealand. You pay no attention to them. Let them have a good time. Just take them off your screen, come back to them when the rotations run its course.' While we acknowledge the potential of GEV as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the . READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now. Disclosure: None. This article is originally published at Insider Monkey. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Zawya
30-05-2025
- Business
- Zawya
GE Vernova's H-Class gas turbines to expand Qurayyah power plant
GE Vernova has announced it has secured an order for five 7H-Class gas turbines - three 7HA.03 and two 7HA.02 units – from Técnicas Reunidas and Orascom Construction (TR & Orascom Construction). The two companies have signed, under a 50-50 joint venture, the engineering, procurement and construction (EPC) contract for Qurayyah Independent Power Plant (IPP) Expansion Project in the Eastern Province in Saudi Arabia. This expansion project, a 3 gigawatt (GW) combined cycle gas-fired power plant with readiness to build a carbon capture unit, aims to bolster electricity production capacity and enhance operational efficiency in Saudi Arabia. Expanding Saudi Arabia's fleet of combined cycle power plants plays a crucial role in Saudi Arabia's plan to generate half of its electricity from gas by 2030 and half from renewables, paving the way to net-zero greenhouse gas (GHG) emissions by 2060, a statement said. Hajr Two Electricity Co, a company owned by ACWA Power, the Saudi Electricity Company (SEC), and Haji Abdullah Alireza & Co signed a Power Purchase Agreement (PPA) for the Qurayyah Independent Power Plant (IPP) Expansion Project with the Saudi Power Procurement Company (SPPC – Principal Buyer) in February 2025. Hajr Two Electricity Co commented: 'The QIPP Expansion Project is a very ambitious project and we are proud to support its development. We look forward to working with TR & Orascom Construction and GE Vernova to contribute to Saudi Arabia's enhancement of its electricity supply as the Kingdom transitions its power generation mix to incorporate more renewable energy in alignment with Saudi Vision 2030 and its ambitious sustainability targets.' 'QIPP project is evidence of Saudi Arabia's strong belief in the future of gas as it emits less CO2 and other pollutants than oil-fueled power plants,' said Joseph Anis, President & CEO of GE Vernova's Gas Power business in Europe, Middle East & Africa. 'We have developed a productive and successful relationship with TR & Orascom Construction building on our proven expertise in natural gas combined cycle plant engineering, operability, and plant integration, and we are delighted to deploy some of our most advanced power generation technologies, with the potential to integrate carbon capture solutions to help significantly reduce carbon dioxide emissions in QIPP's and other gas power plants in Saudi Arabia.' GE Vernova has been playing a pivotal role in fostering the evolution of the Kingdom's energy infrastructure for almost 90 years, supporting economic diversification, localization, high value exports, and talent development efforts and still does so today in support of Saudi Vision 2030. The company currently employs approximately 850 people in Saudi Arabia. GE Vernova's investments in the Kingdom include the Khobar Integration Facility (KIF) for grid solutions, as well as the GE Manufacturing and Technology Center (GEMTEC) campus in Dammam, which encompasses a Services and Repairs Center for gas turbines, the GE Saudi Advanced Turbines (GESAT) facility for the manufacturing of gas turbines, components and accessory modules, the GE MENA Decarbonization Center of Excellence, and a Monitoring & Diagnostics Center for the remote monitoring of power generation assets. Copyright 2024 Al Hilal Publishing and Marketing Group Provided by SyndiGate Media Inc. (
Trade Arabia
29-05-2025
- Business
- Trade Arabia
GE Vernova's H-Class gas turbines to expand Qurayyah power plant
GE Vernova has announced it has secured an order for five 7H-Class gas turbines - three 7HA.03 and two 7HA.02 units – from Técnicas Reunidas and Orascom Construction (TR & Orascom Construction). The two companies have signed, under a 50-50 joint venture, the engineering, procurement and construction (EPC) contract for Qurayyah Independent Power Plant (IPP) Expansion Project in the Eastern Province in Saudi Arabia. This expansion project, a 3 gigawatt (GW) combined cycle gas-fired power plant with readiness to build a carbon capture unit, aims to bolster electricity production capacity and enhance operational efficiency in Saudi Arabia. Expanding Saudi Arabia's fleet of combined cycle power plants plays a crucial role in Saudi Arabia's plan to generate half of its electricity from gas by 2030 and half from renewables, paving the way to net-zero greenhouse gas (GHG) emissions by 2060, a statement said. Hajr Two Electricity Co, a company owned by ACWA Power, the Saudi Electricity Company (SEC), and Haji Abdullah Alireza & Co signed a Power Purchase Agreement (PPA) for the Qurayyah Independent Power Plant (IPP) Expansion Project with the Saudi Power Procurement Company (SPPC – Principal Buyer) in February 2025. Hajr Two Electricity Co commented: 'The QIPP Expansion Project is a very ambitious project and we are proud to support its development. We look forward to working with TR & Orascom Construction and GE Vernova to contribute to Saudi Arabia's enhancement of its electricity supply as the Kingdom transitions its power generation mix to incorporate more renewable energy in alignment with Saudi Vision 2030 and its ambitious sustainability targets.' 'QIPP project is evidence of Saudi Arabia's strong belief in the future of gas as it emits less CO2 and other pollutants than oil-fueled power plants,' said Joseph Anis, President & CEO of GE Vernova's Gas Power business in Europe, Middle East & Africa. 'We have developed a productive and successful relationship with TR & Orascom Construction building on our proven expertise in natural gas combined cycle plant engineering, operability, and plant integration, and we are delighted to deploy some of our most advanced power generation technologies, with the potential to integrate carbon capture solutions to help significantly reduce carbon dioxide emissions in QIPP's and other gas power plants in Saudi Arabia.' GE Vernova has been playing a pivotal role in fostering the evolution of the Kingdom's energy infrastructure for almost 90 years, supporting economic diversification, localization, high value exports, and talent development efforts and still does so today in support of Saudi Vision 2030. The company currently employs approximately 850 people in Saudi Arabia. GE Vernova's investments in the Kingdom include the Khobar Integration Facility (KIF) for grid solutions, as well as the GE Manufacturing and Technology Center (GEMTEC) campus in Dammam, which encompasses a Services and Repairs Center for gas turbines, the GE Saudi Advanced Turbines (GESAT) facility for the manufacturing of gas turbines, components and accessory modules, the GE MENA Decarbonization Center of Excellence, and a Monitoring & Diagnostics Center for the remote monitoring of power generation assets. – TradeArabia News Service
