GE Vernova reports Q1 results

• GE Vernova press release (NYSE:GEV): Q1 Net income (loss) of $(0.1)B, +$0.2B; net income (loss) margin of (1.5)%, +360 bps
• Revenue of $7.3B (+6% Y/Y) beats by $20M.
• Total orders of $9.7B with orders exceeding revenue, driving continued backlog1 growth
• Adjusted EBITDA* of $0.2B, +$0.3B organically*; adjusted EBITDA margin* of 2.6%, +470bps organically*
• Cash from (used for) operating activities of $(0.4)B, +$0.2B; free cash flow* of $(0.7)B, +$0.2B, on improved earnings partially offset by increased working capital use

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