$GEV GE Vernova Q3 Earnings
EPS $4.81 vs. $1.64 y/y
Rev. $12.64B, est. $11.99B
Orders increased 96% organically to $29.3B
Net income $1.29B, est. $1.08B
Adj. EBITDA $1.94B, est. $1.68B
Sees FY rev. $46.5B to $47.5B, saw $45.5B to $46.5B
Sees FY Adj. FCF $16B to $17B, saw $11.5B to $12.5B
Expects backlog to exceed $200B in Q4
Boosts share buyback to $20B from $10B
Agrees to acquire Trench Group for $9B, funded equally with cash and debt