Scott Strazik

“Just a few observations on the company and the opportunity we have ahead at the start. If we begin with the end markets, I would tell you we continue to see very strong and durable demand with our end products.”

“Our team is executing well as the demand for our solutions in power and electrification accelerates. In 2Q, our equipment orders more than doubled and service orders grew 15%.”

“As global electrification accelerates, the structural drivers underpinning demand for our solutions continue to strengthen. The growth is just starting, and there is no company better positioned to serve and transform the global electricity system than GE Vernova.”

“We are executing well in the early stages of our multi-year growth trajectory. This is evidence in the $150 billion backlog we entered 26 with versus roughly $100 billion in backlog that we entered 22 with after the announcement of our spin from GE in November of 21.”

“We are excited to update you on our announced acquisition of the remaining 50% of the Prolec GE joint venture from our partner, Xignux. We partnered with Xignux for 30 years to build a world-class transformer business.”