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Dec 31, 2019
Baker Hughes Q4 2019 Earnings Report
Baker Hughes' Q4 2019 results were announced, showcasing revenue increase and strategic progress.
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.
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.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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