secwatch.observer — SEC 8-K summary
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Issuer:     Baker Hughes Co (BKR)
CIK:        0001701605
Form:       8-K
Filed at:   2024-04-23T23:59:59+00:00
Accession:  0001701605-24-000065
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Baker Hughes Q1 2024 revenue up 12% to $6.4B; adjusted EPS $0.43 beats prior year
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- Orders of $6.5B, including $2.9B in IET; large awards from Aramco Master Gas System 3 and Cedar LNG.
- GAAP net income $455M ($0.45 diluted EPS); adjusted diluted EPS of $0.43, up 50% YoY.
- Adjusted EBITDA $943M (+21% YoY); free cash flow $502M.
- Shareholder returns of $368M, including $158M in share repurchases; quarterly dividend raised to $0.21.
- New energy orders totaled $239M in the quarter.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1701605/000170160524000065/0001701605-24-000065-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1701605/000170160524000065/bkr-20240423.htm
  HTML page:      https://secwatch.observer/filing/0001701605-24-000065

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