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Energy Oil & Gas Equipment & Services

Baker Hughes Company is an energy technology company with a portfolio of technologies and services that span the energy and industrial value chain. The Company operates in two segments: Oilfield Services & Equipment (OFSE) and Industrial & Energy Technology (IET). OFSE segment provides products and services for onshore and offshore oilfield operations across the lifecycle of a well, ranging... see more

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Baker Hughes Co > Baker Hughes Company Announces First-Quarter 2024 Results

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Post by Betteryear2 on Apr 23, 2024 7:55pm

Baker Hughes Company Announces First-Quarter 2024 Results

First-quarter highlights

Orders of $6.5 billion, including $2.9 billion of IET orders.
Revenue of $6.4 billion, up 12% year-over-year.
Net income attributable to the Company of $455 million.
GAAP diluted EPS of $0.45 and adjusted diluted EPS* of $0.43.
Adjusted EBITDA* of $943 million, up 21% year-over-year.
Cash flows from operating activities were $784 million and free cash flow* was $502 million.
Returns to shareholders of $368 million, including $158 million of share repurchases.

HOUSTON and LONDON, April 23, 2024 (GLOBE NEWSWIRE) -- Baker Hughes Company (Nasdaq: BKR) (Baker Hughes or the Company) announced results today for the first quarter of 2024.

Baker Hughes Company Announces First-Quarter 2024 Results (globenewswire.com)