AES Reports Positive Momentum in First Quarter; Reaffirms 2023 Guidance; Introduces New Strategic Business Units
ARLINGTON, Va., May 4, 2023 /PRNewswire/ -- The AES Corporation (NYSE: AES) today reported financial results for the quarter ended March 31, 2023.
- "Our first quarter results put us on track to meet our 2023 guidance and longer-term growth rates," said Andrés Gluski, AES President and Chief Executive Officer.
- I am also pleased to announce our four new Strategic Business Units, which better reflect the greatly simplified company that AES is today."
- First quarter 2023 Net Income was $189 million, an increase of $18 million compared to first quarter 2022.
- This increase is the result of favorable contributions from the Energy Infrastructure and New Energy Technology Strategic Business Units (SBU), partially offset by lower contributions from the Utilities and Renewables SBUs.