secwatch.observer — SEC 8-K summary
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Issuer:     Baker Hughes Co (BKR)
CIK:        0001701605
Form:       8-K
Filed at:   2024-07-25T23:59:59+00:00
Accession:  0001701605-24-000109
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Baker Hughes Q2 revenue up 13% YoY to $7.1B; raises FY guidance midpoint 5%
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- GAAP EPS $0.58, adjusted EPS $0.57; revenue $7.1B (+13% YoY), adjusted EBITDA $1,130M (+25%).
- Orders of $7.5B including record IET orders $3.5B; IET RPO rose to record $30.2B.
- Record new energy orders of $445M and large SONATRACH gas-boosting award in Algeria.
- Cash flow from ops $348M, free cash flow $106M; returned $375M to shareholders ($166M buybacks, $209M dividends).
- Raised full-year 2024 guidance midpoint by 5% on first-half outperformance; confident in structural margin expansion.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1701605/000170160524000109/0001701605-24-000109-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1701605/000170160524000109/bkr-20240725.htm
  HTML page:      https://secwatch.observer/filing/0001701605-24-000109

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