Baker Hughes Q2 adjusted EPS $0.39, revenue $6.3B; orders up 28% YoY to $7.5B

Baker Hughes Co

Revenue $6.3B (+25% YoY); net income $410M vs loss of $839M a year ago.
GAAP diluted EPS $0.40; adjusted diluted EPS $0.39, up from $0.11 YoY.
Adjusted EBITDA $907M (+39% YoY); free cash flow $623M.
Orders $7.5B (+28% YoY), driven by IET and OFSE segments; ~$150M New Energy orders.
Outlook: constructive on international/offshore spending; LNG FIDs expected >65 MTPA in 2023.

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