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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 quarter of margin performance. We also advanced our position in the energy transition, investing in strategic areas for growth and entering important partnerships to advance new energy frontiers including hydrogen and carbon capture, utilization and storage. I want to thank our employees for their continued hard work and commitment to safety,” said Lorenzo Simonelli, Baker Hughes chairman and chief executive officer. ....

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Baker Hughes Co. (BKR) Q1 2021 Earnings Call Transcript


Baker Hughes Co. (BKR) Q1 2021 Earnings Call Transcript
Motley Fool Transcribers
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Baker Hughes Co. (NYSE: BKR)
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Operator
Good day, ladies and gentlemen, and welcome to the Baker Hughes Company First Quarter 2021 Earnings Call. [Operator Instructions]. I would now like to introduce your host for today s conference, Mr. Jud Bailey, Vice President of Investor Relations. Sir, you may begin.SPONSORED:
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