secwatch.observer — SEC 8-K summary
======================================

Issuer:     Baker Hughes Co (BKR)
CIK:        0001701605
Form:       8-K
Filed at:   2024-10-22T23:59:59+00:00
Accession:  0001701605-24-000129
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 Q3: record EBITDA margin 17.5%, adj. EPS $0.67, revenue up 4% YoY to $6.9B
--------------------------------------------------------------------------------

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1701605/000170160524000129/0001701605-24-000129-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1701605/000170160524000129/bkr-20241022.htm
  HTML page:      https://secwatch.observer/filing/0001701605-24-000129

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