GE Vernova Inc. (GEV) Q3 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good day, ladies and gentlemen, and welcome to GE Vernova's conference call to discuss the acquisition of Prolec GE, as well as GE Vernova's third quarter financial results and outlook. At this time, all participants are in a listen-only mode. My name is Liz, and I will be your conference coordinator today. If you experience issues with the webcast slides refreshing or there appears to be delays in the slide advancement, please hit F5 on your keyboard to refresh. As a reminder, this conference is being recorded. I would now like to turn the program over to your host for today's conference, Michael Lapidus, Vice President of Investor Relations. Please proceed. Welcome to GE Vernova's conference call today, where we will start by discussing the planned acquisition of the remaining 50% of ProLect GE, and then cover our third quarter 2025 earnings results. I'm joined today by our CEO, Scott Strasik, and our CFO, Ken Parts. Today's remarks include GAAP and non-GAAP measures, including standalone forecasts of the Prolec GE joint venture, reconciliations of GAAP to non-GAAP measures, and related information, REN or Form 10Q, press releases, and presentation slides available on our website. Our Prolec GE comments reflect expectations for the transaction and the joint venture's business, cost, and revenue synergies from the transaction, and capital allocation plans. Unless otherwise noted, year-over-year changes in orders, revenue adjusted in segment EBITDA and margin are on an organic basis. We will make forward-looking statements based on how we see things today. We may update these statements in the future, but undertake no obligation to do so. Actual results may differ materially due to risks and uncertainties described in our SEC filing. With that, let me turn the call o...