Baker Hughes Company (BKR) Misses Q4 EPS by 3c, Revenues In-Line

Baker Hughes Company (NASDAQ: BKR) reported Q4 EPS of $0.25, $0.03 worse than the analyst estimate of $0.28. Revenue for the quarter came in at $5.5 billion versus the consensus estimate of $5.5 billion.

• Orders of $6.7 billion for the quarter, up 24% sequentially and up 28% year-over-year
• Revenue of $5.5 billion for the quarter, up 8% sequentially and flat year-over-year
• GAAP operating income of $574 million for the quarter, up 52% sequentially and favorable year-over-year
• Adjusted operating income (a non-GAAP measure) of $571 million for the quarter, up 42% sequentially and up 23% year-over-year
• Adjusted EBITDA* (a non-GAAP measure) of $844 million for the quarter was up 27% sequentially and up 10% year-over-year
• GAAP diluted earnings per share of $0.32 for the quarter which included $(0.08) per share of adjusting items. Adjusted diluted earnings per share (a non-GAAP measure) were $0.25.
• Cash flows generated from operating activities were $773 million for the quarter. Free cash flow (a non-GAAP measure) for the quarter was $645 million.

For earnings history and earnings-related data on Baker Hughes Company (BKR) click here.

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