Baker Hughes Q4 adjusted EPS $0.51; record adjusted EBITDA $1.09B; IET orders $3.03B

Baker Hughes Co

2023-FY EPS reported $1.91 revenue$25,506,000,000

GAAP diluted EPS $0.43; adjusted EPS $0.51; net income $439M, up $257M YoY.
Adjusted EBITDA $1,091M (first above $1B); full-year $3.76B, up 26% YoY.
IET orders $3.03B in Q4 (5th consecutive quarter above $3B); full-year $14.18B, up 12%.
Free cash flow $633M in Q4; full-year $2.05B, 54% conversion from adjusted EBITDA.
Shareholder distributions $521M in Q4 including $320M share repurchases; $1.32B for 2023.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Baker Hughes Co reported financial results for the quarter and year ended December 31, 2023.

Period: the quarter and year ended December 31, 2023
Result: reported results

Exact text from the filing

On January 23, 2024, Baker Hughes Company (the “Company”) issued a news release announcing its financial results for the quarter and year ended December 31, 2023, a copy of which is furnished with this Form 8-K as Exhibit 99.1 and incorporated herein by reference.

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Source: SEC EDGAR

accession 0001701605-24-000007

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