secwatch.observer — SEC 8-K summary
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Issuer:     Baker Hughes Co (BKR)
CIK:        0001701605
Form:       8-K
Filed at:   2024-01-23T23:59:59+00:00
Accession:  0001701605-24-000007
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1701605/000170160524000007/0001701605-24-000007-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1701605/000170160524000007/bkr-20240123.htm
  HTML page:      https://secwatch.observer/filing/0001701605-24-000007

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer