CAUTION CONCERNING FORWARD-LOOKING STATEMENTS
This release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of
1995 and other securities laws that are subject to risks and uncertainties. These statements may include words such as
“believe”, “expect”, “anticipate”, “intend”, “plan”, “estimate”, “guidance”, “will”, “may” and negatives or derivatives of these
or similar expressions. These forward-looking statements include, among others, statements about the benefits we expect
from our Lean operating model; our expectations regarding the energy transition; the demand for our products and
services; our expectations of future increased business, revenues, and operating results; our ability to innovate and
anticipate and address customer demands; our ability to increase production capacity, efficiencies, and quality; our
underwriting and risk management; current and future customer orders and projects; our actual and planned investments;
our expected cash generation; our capital allocation framework, including share repurchases and dividends; operational
safety; and our restructuring programs and strategies to reduce operational costs.
Forward-looking statements reflect our current expectations, are based on judgments and assumptions, are inherently
uncertain and are subject to risks, uncertainties, and other factors, which could cause our actual results, performance, or
achievements to differ materially from current expectations. Some of the risks, uncertainties, and other factors that may
cause actual results to differ materially from those expressed or implied by forward-looking statements include the
following:
•Our ability to successfully execute our Lean operating model;
•Our ability to innovate and successfully identity and meet customer demands and needs;
•Our ability to successfully compete;
•Market changes resulting in reduced demand for electricity and less carbon-intensive energy;
•Significant disruptions in our supply chain, including the high cost or unavailability of raw materials, components,
and products essential to our business;
•Significant disruptions to our manufacturing and production facilities and distribution networks;
•Changes in government policies and priorities that impact funding and demand for energy;
•Geopolitical risks, including conflicts, trade policies, and other constraints on economic activity;
•Product quality issues or product or safety failures related to our complex and specialized products, solutions, and
services, the time required to address them, costs associated with related project delays, repairs or replacements,
and the impact of any contractual claims for damages or other legal claims asserted in connection therewith,
some of which may be for significant amounts, on our financial results, competitive position or reputation;
•Our ability to obtain required permits, licenses, and registrations and successfully execute our projects;
•Our ability to attract and retain highly qualified personnel;
•Our ability to develop, deploy, and protect our intellectual property rights;
•Our capital allocation plans, including the timing and amount of any dividends, share repurchases, acquisitions,
organic investments, and other priorities;
•Our ability to successfully identify, complete and integrate any acquisitions, obtain benefits we expect from our
joint ventures and other investments, and redeploy proceeds we may receive from any dispositions;
•The price, availability and trading volumes of our common stock, which will affect the timing and size of any share
repurchases;
•Downgrades of our credit ratings or ratings outlooks;
•The amount and timing of our cash flows and earnings;
•Our ability to meet our sustainability goals and related market expectations and governmental requirements;
•The impact from cybersecurity or data security breaches;
•Legal and regulatory requirements that may restrict our business and projects or impose additional costs;
•Natural disasters, weather conditions and events like hurricanes, floods, droughts, wildfires, and sea level rise,
public health events or other emergencies;
•Tax law and policy changes;
•Adverse rulings and awards in legal and administrative proceedings; and
•Other changes in macroeconomic and market conditions and market volatility.
These or other uncertainties may cause our actual future results to be materially different than those expressed in our
forward-looking statements, and these and other factors are more fully discussed in our Quarterly Report on Form 10-Q
for the quarter ended September 30, 2024, and in the "Risk Factors" and "Management's Discussion and Analysis of
Financial Condition and Results of Operation" sections included in our information statement dated March 8, 2024, as
may be updated from time to time in our SEC filings and as posted on our website at www.gevernova.com/investors/fls.
We do not undertake any obligation to update or revise our forward-looking statements except as may be required by law
or regulation. This press release also includes certain forward-looking projected financial information that is based on
current estimates and forecasts. Actual results could differ materially.
