GE Vernova Inc. surged 8.3% to $353.0 after the electric power system provider reported first-quarter 2025 results.
Revenue jumped 11% to $8.03 billion from $7.26 billion, net income swung to a profit of $264 million compared to a loss of $106 million, and diluted earnings per share swung to a profit of 91 cents compared to a loss of 47 cents a year ago.
The company guided fiscal 2025 revenue to be between $36 billion and $37 billion, compared to $34.93 billion in 2024; adjusted EBITDA margin to be in the high-single-digit percentage; and free cash flow between $2.0 billion and $2.5 billion.
“The guidance includes the impact of tariffs as currently outlined and resulting inflation, which is estimated to be approximately $300 million to $400 million, net of mitigating actions,” the company said in a release to investors.
The energy company proposed a dividend of 25 cents per share for the second quarter, payable on May 16 to stockholders on record as of April 18.
In addition, GE Vernova repurchased approximately 4 million shares for $1.2 billion in the first quarter and approximately 1 million shares for $0.3 billion from April 1 to April 17, at a total year-to-date average price of $299.
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