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Dec 31, 2023
Baker Hughes Q4 2023 Earnings Report
Baker Hughes announced Q4 2023 results, with strong IET orders and solid margin improvement in OFSE.
Key Takeaways
Baker Hughes reported a strong fourth quarter and full-year 2023, driven by operational improvements and cost-out initiatives. Adjusted EBITDA came in above the midpoint of guidance, and IET orders remained strong. The company continues to execute its plan to drive margins higher and transform into a leaner, more efficient energy technology company.
IET orders of $3,030 million, the fifth consecutive quarter above $3 billion.
Net income attributable to the Company of $439 million, up $257 million year-over-year.
GAAP diluted EPS of $0.43 and adjusted diluted EPS of $0.51.
Adjusted EBITDA of $1,091 million, above $1 billion for the first time in company history.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
The company continues to carefully execute its plan to drive margins meaningfully higher.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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