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Baker Hughes Company Announces First Quarter 2021 Results

F “F” is used in most instances when variance is above 100%. Additionally, “U” is used in most instances when variance is below (100)%. “We are pleased with our first quarter results as we generated strong free cash flow, continued to drive forward our cost-out efforts, and took further meaningful steps in the execution of our strategy. During the quarter, TPS delivered solid orders and operating income while OFS continued to execute cost-out programs to help drive another strong quar...
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Baker Hughes Company Announces Fourth Quarter and Total Year 2020 Results

Baker Hughes Company Announces Fourth Quarter and Total Year 2020 Results Revenue of $5.5 billion for the quarter, up 9% sequentially and down 13% year-over-year. GAAP operating income of $182 million for the quarter, up $231 million sequentially and down 45% year-over-year. Adjusted operating income (a non-GAAP measure) of $462 million for the quarter, up 98% sequentially and down 15% year-over-year. GAAP diluted earnings per share of $0.91 for the quarter which included $(0.98) per share of a...
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