earnings
confidence high
sentiment positive
materiality 0.80
Baker Hughes Q3: record EBITDA margin 17.5%, adj. EPS $0.67, revenue up 4% YoY to $6.9B
Baker Hughes Co
- GAAP diluted EPS $0.77; adjusted diluted EPS $0.67; attributable net income $766M.
- Revenue $6.9B (+4% YoY); orders $6.7B with IET orders $2.9B; record IET RPO $30.2B.
- Adjusted EBITDA $1,208M (+23% YoY); EBITDA margin 17.5% (highest since company formation).
- Operating cash flow $1,010M; free cash flow $754M; returned $361M to shareholders including $152M buybacks.
- CEO confident in full-year EBITDA guidance midpoint; IET secured large ICL compressor and two FPSO awards.