Baker Hughes Q4 2019 Earnings Report
Key Takeaways
Baker Hughes reported a slight increase in revenue and operating income for Q4 2019. Revenue increased by 1% year-over-year, while operating income decreased by 13%. The company highlighted strong cash flow and orders in specific segments, as well as progress in its separation from GE.
Orders for the quarter were $6.9 billion, up 1% year-over-year.
Revenue for the quarter was $6.3 billion, up 1% year-over-year.
GAAP operating income for the quarter was $331 million, down 13% year-over-year.
Free cash flow for the quarter was $1,053 million.
Baker Hughes
Baker Hughes
Baker Hughes Revenue by Segment
Forward Guidance
Baker Hughes anticipates a slowly improving macro environment in 2020 and opportunities to strengthen the company. They are focused on improving operations, cash flow, and positioning for the energy transition and digital transformation.
Revenue & Expenses
Visualization of income flow from segment revenue to net income