Stay updated with breaking news from Surface Pressure Control. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Baker Hughes First Quarter 2023 - Earnings Conference Call Prepared Remarks First Quarter 2023 - Earnings Conference Call Prepared Remarks ... | April 19, 2023
Baker Hughes Company ("Baker Hughes" or the "Company") announced results today for the fourth quarter and total year 2021.
The company is investing locally in sustainable energy and digital technologies to accelerate the adoption and deployment of new fuel sources and emission solutions to decarbonise energy, Regional Vice-President Zaher Ibrahim tells OGN
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 stra...
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 adjusting items. Adjusted diluted earnings per share (a non-GAAP measure) were $(0.07). Cash flows ge...