GE Vernova Raises Multi-Year Financial Outlook, Initiates Dividend and Authorizes Buyback
December 11, 2024
December 11, 2024
CAMBRIDGE, Massachusetts, Dec. 11 -- G.E. Vernova, an energy company, issued the following news release:
* * *
- Now anticipates ~$45B of revenue and 14% adjusted EBITDA margin/* by 2028
- Plans to invest ~$4B in capex and ~$5B in R&D through 2028 to fuel growth and innovation
- Expects to generate at least $14B of cumulative free cash flow/* from 2025 to 2028
- Board of Directors declared a $0.25 per share quarterly dividend, . . .
* * *
- Now anticipates ~$45B of revenue and 14% adjusted EBITDA margin/* by 2028
- Plans to invest ~$4B in capex and ~$5B in R&D through 2028 to fuel growth and innovation
- Expects to generate at least $14B of cumulative free cash flow/* from 2025 to 2028
- Board of Directors declared a $0.25 per share quarterly dividend, . . .