Baker Hughes Company (BKR) Misses Q1 EPS by 5c

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Go back to Baker Hughes Company (BKR) Misses Q1 EPS by 5c

Baker Hughes Company Announces First Quarter 2022 Results

April 20, 2022 7:00 AM EDT

Orders of $6.8 billion for the quarter, up 3% sequentially and up 51% year-over-year. Revenue of $4.8 billion for the quarter, down 12% sequentially and up 1% year-over-year. GAAP operating income of $279 million for the quarter, down 51% sequentially and up 70% year-over-year. Adjusted operating income (a non-GAAP measure) of $348 million for the quarter, down 39% sequentially and up 29% year-over-year. Adjusted EBITDA* (a non-GAAP measure) of $625 million for the quarter, down 26% sequentially and up 11%... More