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Dec 31, 2021
Baker Hughes Q4 2021 Earnings Report
Baker Hughes reported flat revenue year-over-year but showed sequential growth, driven by higher volume across all four segments. The company highlighted key commercial successes and developments in the LNG and new energy markets, along with record cash flow from operations and free cash flow.
Key Takeaways
Baker Hughes announced Q4 2021 results, with revenue of $5.5 billion, flat year-over-year and up 8% sequentially. GAAP diluted earnings per share were $0.32, and adjusted diluted earnings per share were $0.25. The company generated $773 million in cash flow from operating activities and $645 million in free cash flow.
Orders of $6.7 billion were up 24% sequentially and 28% year-over-year.
Revenue of $5.5 billion was up 8% sequentially and flat year-over-year.
GAAP operating income of $574 million was up 52% sequentially.
Free cash flow for the quarter was $645 million.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
Baker Hughes anticipates continued global economic growth in 2022, with rising energy demand and tight supplies for oil and natural gas creating an attractive investment environment.
Positive Outlook
- Strong free cash flow generation
- Solid margin rate improvement
- Strong orders from TPS
- Strategic direction to capitalize on cyclical recovery
- Well-positioned for long-term change in energy and industrial markets
Historical Earnings Impact
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Avg. Return Before/After Earnings
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