GE Vernova completes sale of Proficy manufacturing software business, recognizing $0.4 billion gain

{
  "signal_id": "3963c67d-4cf1-4ea7-a486-e12a84c65e0b",
  "signal_type": "sec-10q",
  "signal_subtype": "divestiture",
  "detected_at": "2026-11-03T07:12:38.386+00:00",
  "company": {
    "name": "GE Vernova",
    "domain": "gevernova.com"
  },
  "data": {
    "detail": "The company recognized a $0.4 billion pre-tax gain related to the sale of its Proficy manufacturing software business during the nine months ended September 30, 2026. This portfolio streamlining reflects evolving software priorities across its industrial operations.",
    "metrics": {
      "timeframe": "current_year",
      "dollar_context": "pre-tax gain on sale of Proficy manufacturing software business",
      "dollar_millions": 400
    },
    "quarter": "Q3",
    "summary": "GE Vernova completes sale of Proficy manufacturing software business, recognizing $0.4 billion gain",
    "excerpts": "Net income (loss) and Net income (loss) margin were $6.7 billion and 20.2%, respectively, for the nine months ended September 30, 2026, an increase of $5.5 billion and 15.7%, respectively, for the year, primarily due to an increase in other income (expense) - net of $4.5 billion driven by a $4.0 billion pre-tax gain related to the acquisition of Prolec GE and a $0.4 billion pre-tax gain related to the sale of our Proficy manufacturing software business (Proficy), and an increase in operating income (loss) of $1.4 billion, partially offset by an increase in provision for income taxes of $0.6 billion.",
    "relevance": 0.75,
    "sentiment": "neutral",
    "confidence": "high",
    "source_url": "https://www.sec.gov/Archives/edgar/data/1996810/000199681026000163/gev-20260930.htm",
    "filing_date": "2026-10-28",
    "filing_year": 2026,
    "fiscal_year": 2026,
    "fiscal_year_end": "09/30",
    "period_end_date": "2026-09-30",
    "sales_relevance": "Carve-out support needed",
    "signal_category": "strategic",
    "technologies_mentioned": [
      "manufacturing software"
    ]
  }
}

curl https://signals.autobound.ai/v1/signals/3963c67d-4cf1-4ea7-a486-e12a84c65e0b \
  -H "X-API-KEY: $AUTOBOUND_API_KEY"

curl -X POST https://signals.autobound.ai/v1/companies/enrich \
  -H "X-API-KEY: $AUTOBOUND_API_KEY" \
  -H "Content-Type: application/json" \
  -d '{"domain":"gevernova.com","limit":20}'