Baker Hughes Company (BKR) Tops Q1 EPS by 1c

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Go back to Baker Hughes Company (BKR) Tops Q1 EPS by 1c

Baker Hughes Company Announces First Quarter 2021 Results

April 21, 2021 6:30 AM EDT

Orders of $4.5 billion for the quarter, down 12% sequentially and down 18% year-over-year. Revenue of $4.8 billion for the quarter, down 13% sequentially and down 12% year-over-year. GAAP operating income of $164 million for the quarter, down 10% sequentially and favorable year-over-year. Adjusted operating income (a non-GAAP measure) of $270 million for the quarter was down 42% sequentially and up 13% year-over-year. Adjusted EBITDA* (a non-GAAP measure) of $562 million for the quarter was down 27% sequentially and down 5% year-over-year. GAAP loss per share of $(0.61) for the quarter which included $0.73 per share of adjusting items. Adjusted... More