(Baker Hughes, 25.Oct.2023) — Baker Hughes Company (Nasdaq: BKR) announced results today for the third quarter of 2023.
Highlights:
- Orders of $8.5bn for the quarter, up 40% year-over-year.
- Revenue of $6.6bn for the quarter, up 24% year-over-year.
- Net income attributable to Baker Hughes company of $518mn for the quarter, up $534mn year-over-year. Adjusted net income attributable to Baker Hughes (a non-GAAP measure) of $427mn for the quarter, up $163mn year-over-year.
- GAAP diluted earnings per share of $0.51 for the quarter. Adjusted diluted earnings per share* (a non-GAAP measure) was $0.42 for the quarter.
- Adjusted EBITDA* (a non-GAAP measure) of $983mn for the quarter, up 30% year-over-year.
- Cash flows generated from operating activities were $811mn for the quarter. Free cash flow* (a non-GAAP measure) for the quarter was $592mn.
- Baker Hughes’ Board of Directors approved a quarterly cash dividend of $0.20 per share of Class A common stock.
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