BKR - Earnings announcements

HOUSTON and LONDON, April 23, 2026 (GLOBE NEWSWIRE) -- Baker Hughes Company (NASDAQ:BKR) ("Baker Hughes" or the "Company") announced results today for the first quarter of 2026. "Our exceptional first-quarter performance highlights the strength of our portfolio and the momentum we are building as we progress through Horizon 2(1). Despite significant disruptions in the Middle East, our teams executed at a high level and delivered results that exceeded our guidance range. Although we recognize this achievement, we continue to prioritize the safety and wellbeing of our employees and their families in the region," said Lorenzo Simonelli, Baker Hughes Chairman and Chief Executive Officer. "In

Fourth-quarter highlights Orders of $7.9 billion, including $4.0 billion of IET orders.Record RPO of $35.9 billion, including record IET RPO of $32.4 billion.Revenue of $7.4 billion, flat year-over-year.Attributable net income of $876 million.GAAP diluted EPS of $0.88 and adjusted diluted EPS* of $0.78.Adjusted EBITDA* of $1,337 million, up 2% year-over-year.Cash flows from operating activities of $1,662 million and free cash flow* of $1,341 million. Full-year highlights Orders of $29.6 billion, including record $14.9 billion of IET orders.Revenue of $27.7 billion, flat year-over-year.Attributable net income of $2,588 million.GAAP diluted EPS of $2.60 and adjusted diluted EPS* of $2.60.Ad

Crane Company (NYSE:CR) ("Crane" or the "Company"), a premier industrial manufacturing and technology company, today announced that it has closed on the previously announced acquisition of Precision Sensors & Instrumentation ("PSI"), a leading provider of sensor-based technologies for aerospace, nuclear and process industries, from Baker Hughes (NASDAQ:BKR). Crane will provide comments about the acquisition in its upcoming fourth quarter fiscal year 2025 earnings call, which is scheduled as follows: Earnings Release: January 26, 2026 after close of market by public distribution and the Crane Company website at www.craneco.com. Teleconference: January 27, 2026 at 10:00 AM (Eastern)

Third-quarter highlights Orders of $8.2 billion, including $4.1 billion of IET orders.RPO of $35.3 billion, including record IET RPO of $32.1 billion.Revenue of $7.0 billion, up 1% year-over-year.Attributable net income of $609 million.GAAP diluted EPS of $0.61 and adjusted diluted EPS* of $0.68.Adjusted EBITDA* of $1,238 million, up 2% year-over-year.Cash flows from operating activities of $929 million and free cash flow* of $699 million. HOUSTON and LONDON, Oct. 23, 2025 (GLOBE NEWSWIRE) -- Baker Hughes Company (NASDAQ:BKR) ("Baker Hughes" or the "Company") announced results today for the third quarter of 2025. "Our strong third quarter performance represents clear evidence of the con

Strong Second Quarter Results Reflect Continued Execution of 3D Growth Strategy and Success of the Flowserve Business System; Increases Full-year 2025 Earnings Guidance Flowserve Corporation (NYSE:FLS), a leading provider of flow control products and services for the global infrastructure markets, reported its financial results for the second quarter ended June 30, 2025. Highlights: Solid bookings of $1.1 billion, including $621 million of durable aftermarket bookings Robust gross margin and adjusted1 gross margin2 of 34.2% and 34.9%, respectively, both increased 260 basis points versus the prior year period Operating margin and adjusted operating margin3 of 12.3% and 14.6%, re

Flowserve Will Receive a $266 Million Termination Payment Flowserve Highlights Ability to Drive Enhanced Value Creation Through Strength of Platform and Momentum of the Flowserve Business System Flowserve Corporation (NYSE:FLS) ("Flowserve"), a leading provider of flow control products and services for the global infrastructure markets, today announced it has terminated its previously announced merger agreement for Flowserve to combine with Chart Industries, Inc. (NYSE:GTLS) ("Chart"). The termination follows the Flowserve Board of Directors' decision not to submit a revised offer to merge with Chart, after being notified that Chart's Board of Directors had determined that a recent unso

Significant step high-grades the portfolio and adds value accretive customer offerings, transforms Baker Hughes' Industrial & Energy Technology segment Chart Industries brings differentiated capabilities across a diverse set of end markets advantaged by secular growth drivers such as natural gas, data centers and decarbonizationHighly complementary capabilities enable enhanced value-creation solutions for customers across the lifecycle of projects and accelerate aftermarket growth through increased service penetration of combined installed base$325 million in annualized cost synergies expected to be realized at end of third yearCompelling financial impact, as it is accretive to growth, margi

Second-quarter highlights Orders of $7.0 billion, including $3.5 billion of IET orders.RPO of $34.0 billion, including record IET RPO of $31.3 billion.Revenue of $6.9 billion, down 3% year-over-year.Attributable net income of $701 million.GAAP diluted EPS of $0.71 and adjusted diluted EPS* of $0.63.Adjusted EBITDA* of $1,212 million, up 7% year-over-year.Cash flows from operating activities of $510 million and free cash flow* of $239 million.Returns to shareholders of $423 million, including $196 million of share repurchases. HOUSTON and LONDON, July 22, 2025 (GLOBE NEWSWIRE) -- Baker Hughes Company (NASDAQ:BKR) ("Baker Hughes" or the "Company") announced results today for the second qua

First-quarter highlights Orders of $6.5 billion, including $3.2 billion of IET orders.RPO of $33.2 billion, including record IET RPO of $30.4 billion.Revenue of $6.4 billion, consistent year-over-year.Attributable net income of $402 million.GAAP diluted EPS of $0.40 and adjusted diluted EPS* of $0.51.Adjusted EBITDA* of $1,037 million, up 10% year-over-year.Cash flows from operating activities of $709 million and free cash flow* of $454 million.Returns to shareholders of $417 million, including $188 million of share repurchases. HOUSTON and LONDON, April 22, 2025 (GLOBE NEWSWIRE) -- Baker Hughes Company (NASDAQ:BKR) ("Baker Hughes" or the "Company") announced results today for the first

Experienced Baker Hughes finance leader will play key role in driving next phase of strategic transformation and growth HOUSTON and LONDON, Feb. 24, 2025 (GLOBE NEWSWIRE) -- Baker Hughes Company (NASDAQ:BKR) ("Baker Hughes" or the "Company") on Monday announced that Ahmed Moghal, a highly experienced finance leader who currently serves as chief financial officer (CFO) of our Industrial & Energy Technology (IET) business, has been appointed CFO of the Company, effective immediately. Prior to IET, Moghal held senior positions in various business and corporate roles. In this role, he succeeds Nancy Buese, who, by mutual agreement with the Company, ceased to serve as CFO effective today.

First Quarter 2025 Results Delivered Q1 results in-line with expectations and reaffirms fiscal 2025 outlook Revenue of $684 million, as expected Operating Income of $30 million increased 2% sequentially versus Q4 2024 and Operating Margin of 4.4% was flat sequentially Adjusted EBITDA of $81 million, as expected, increased 0.9% sequentially versus Q4 2024 and Adjusted EBITDA margin of 11.9% increased 10 basis points sequentially Voluntarily prepaid $20 million of term loan debt during the quarter Vestis Corporation (NYSE:VSTS), a leading provider of uniforms and workplace supplies, today announced its results for the first quarter ended December 27, 2024 and reiterated its

Fourth-quarter highlights Orders of $7.5 billion, including $3.8 billion of IET orders.RPO of $33.1 billion, including IET RPO of $30.1 billion.Revenue of $7.4 billion, up 8% year-over-year.GAAP diluted EPS of $1.18 and adjusted diluted EPS* of $0.70.Adjusted EBITDA* of $1,310 million, up 20% year-over-year.Cash flows from operating activities of $1,189 million and free cash flow* of $894 million. Full-year highlights Orders of $28.2 billion, including $13.0 billion of IET orders.Revenue of $27.8 billion, up 9% year-over-year.Attributable net income of $2,979 million.GAAP diluted EPS of $2.98 and adjusted diluted EPS* of $2.35.Adjusted EBITDA* of $4,591 million, up 22% year-over-year.Cash

 Third-quarter highlights Orders of $6.7 billion, including $2.9 billion of IET orders.RPO of $33.4 billion, including record IET RPO of $30.2 billion.Revenue of $6.9 billion, up 4% year-over-year.Attributable net income of $766 million.GAAP diluted EPS of $0.77 and adjusted diluted EPS* of $0.67.Adjusted EBITDA* of $1,208 million, up 23% year-over-year.Cash flows from operating activities of $1,010 million and free cash flow* of $754 million.Returns to shareholders of $361 million, including $152 million of share repurchases. HOUSTON and LONDON, Oct. 22, 2024 (GLOBE NEWSWIRE) -- Baker Hughes Company (NASDAQ:BKR) ("Baker Hughes" or the "Company") announced results today for the third qua

Second-quarter highlights Orders of $7.5 billion, including $3.5 billion of IET orders.RPO of $33.5 billion, including record IET RPO of $30.2 billion.Revenue of $7.1 billion, up 13% year-over-year.Net income attributable to the Company of $579 million.GAAP diluted EPS of $0.58 and adjusted diluted EPS* of $0.57.Adjusted EBITDA* of $1,130 million, up 25% year-over-year.Cash flows from operating activities of $348 million and free cash flow* of $106 million.Returns to shareholders of $375 million, including $166 million of share repurchases. HOUSTON and LONDON, July 25, 2024 (GLOBE NEWSWIRE) -- Baker Hughes Company (NASDAQ:BKR) ("Baker Hughes" or the "Company") announced resul

First-quarter highlights Orders of $6.5 billion, including $2.9 billion of IET orders.Revenue of $6.4 billion, up 12% year-over-year.Net income attributable to the Company of $455 million.GAAP diluted EPS of $0.45 and adjusted diluted EPS* of $0.43.Adjusted EBITDA* of $943 million, up 21% year-over-year.Cash flows from operating activities were $784 million and free cash flow* was $502 million.Returns to shareholders of $368 million, including $158 million of share repurchases. HOUSTON and LONDON, April 23, 2024 (GLOBE NEWSWIRE) -- Baker Hughes Company (NASDAQ:BKR) (Baker Hughes or the Company) announced results today for the first quarter of 2024. "2024 has gotten off to a good s

Fourth-quarter highlights 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.Cash flows from operating activities were $932 million and free cash flow* was $633 million.Shareholder distributions of $521 million, including $320 million of share repurchases. Full-year highlights IET orders of $14.18 billion, 12% higher than last year's prior record level.Net income attributable to the Company of $1,943 million, up $2,544 million y

HOUSTON and LONDON, Dec. 12, 2023 (GLOBE NEWSWIRE) -- Baker Hughes (NASDAQ:BKR) will announce the results of the fourth quarter and full year ending Dec. 31, 2023, via press release at 5 p.m. Eastern Time (4 p.m. Central Time) on Tuesday, Jan. 23, 2024. A webcast to discuss the results will be held Wednesday, Jan. 24, 2024, at 9:30 a.m. Eastern Time (8:30 a.m. Central Time). To access the webcast, listeners should visit the Baker Hughes website at: investors.bakerhughes.com. An archived version will be available on the website following the webcast. About Baker Hughes:Baker Hughes (NASDAQ:BKR) is an energy technology company that provides solutions to energy and industrial customers worl

Orders of $8.5 billion for the quarter, up 40% year-over-year.Revenue of $6.6 billion for the quarter, up 24% year-over-year.Net income attributable to Baker Hughes Company of $518 million for the quarter, up $534 million year-over-year. Adjusted net income attributable to Baker Hughes* (a non-GAAP measure) of $427 million for the quarter, up $163 million year-over-year.GAAP diluted earnings per share of $0.51 for the quarter. Adjusted diluted earnings per share* (a non-GAAP measure) was $0.42 for the quarter.Adjusted EBITDA* (a non-GAAP measure) of $983 million for the quarter, up 30% year-over-year.Cash flows generated from operating activities were $811 million for the quarter. Free cash

HOUSTON and LONDON, Sept. 07, 2023 (GLOBE NEWSWIRE) -- Baker Hughes (NASDAQ:BKR) will announce the results of the third quarter ending Sept. 30, 2023, via a press release at 5 p.m. Eastern Time (4 p.m. Central Time) on Wednesday, Oct. 25, 2023. A webcast to discuss the results will be held Thursday, Oct. 26, 2023, at 9:30 a.m. Eastern Time (8:30 a.m. Central Time). To access the webcast, listeners should visit the Baker Hughes website at: investors.bakerhughes.com. An archived version will be available on the website following the webcast. About Baker Hughes:Baker Hughes (NASDAQ:BKR) is an energy technology company that provides solutions to energy and industrial customers worldwide. Bui

Orders of $7.5 billion for the quarter, up 28% year-over-year.Revenue of $6.3 billion for the quarter, up 25% year-over-year.Net income attributable to Baker Hughes Company of $410 million for the quarter, up $1,248 million year-over-year. Adjusted net income (a non-GAAP measure) attributable to Baker Hughes of $395 million for the quarter, up $281 million year-over-year.GAAP diluted earnings per share of $0.40 for the quarter. Adjusted diluted earnings per share (a non-GAAP measure) was $0.39 for the quarter.Adjusted EBITDA (a non-GAAP measure) of $907 million for the quarter, up 39% year-over-year.Cash flows generated from operating activities were $858 million for the quarter. Free cash f

HOUSTON and LONDON, June 05, 2023 (GLOBE NEWSWIRE) -- Baker Hughes (NASDAQ:BKR) will hold a webcast on Wednesday, July 19, 2023, to discuss the results for the second quarter ending June 30, 2023. The webcast is scheduled to begin at 8:30 a.m. Eastern Time (7:30 a.m. Central Time). A press release announcing the results will be issued at 7:00 a.m. Eastern Time (6:00 a.m. Central Time). To access the webcast, listeners should visit the Baker Hughes website at: investors.bakerhughes.com. An archived version will be available on the website following the webcast. About Baker Hughes:Baker Hughes (NASDAQ:BKR) is an energy technology company that provides solutions to energy and industrial cus

Orders of $7.6 billion for the quarter, up 12% year-over-year.Revenue of $5.7 billion for the quarter, up 18% year-over-year.GAAP operating income of $438 million for the quarter, up $160 million year-over-year.Adjusted operating income (a non-GAAP measure) of $512 million for the quarter, up 47% year-over-year.Adjusted EBITDA* (a non-GAAP measure) of $782 million for the quarter, up 25% year-over-year.GAAP diluted earnings per share of $0.57 for the quarter which included $0.28 per share of adjusting items. Adjusted diluted earnings per share (a non-GAAP measure) was $0.28.Cash flows generated from operating activities were $461 million for the quarter. Free cash flow (a non-GAAP measure) f

HOUSTON and LONDON, March 13, 2023 (GLOBE NEWSWIRE) -- Baker Hughes (NASDAQ:BKR) will hold a webcast on Wednesday, April 19, 2023, to discuss the results for the first quarter ending March 31, 2023. The webcast is scheduled to begin at 8:30 a.m. Eastern Time (7:30 a.m. Central Time). A press release announcing the results will be issued at 7 a.m. Eastern Time (6 a.m. Central Time). To access the webcast, listeners should visit the Baker Hughes website at: investors.bakerhughes.com. An archived version will be available on the website following the webcast. About Baker Hughes:Baker Hughes (NASDAQ:BKR) is an energy technology company that provides solutions to energy and industrial custome

Record orders of $8.0 billion for the quarter, up 32% sequentially and up 20% year-over-year Revenue of $5.9 billion for the quarter, up 10% sequentially and up 8% year-over-year GAAP operating income of $663 million for the quarter, up $394 million sequentially and up 15% year-over-yearAdjusted operating income (a non-GAAP measure) of $692 million for the quarter, up 38% sequentially and up 21% year-over-year Adjusted EBITDA* (a non-GAAP measure) of $947 million for the quarter, up 25% sequentially and up 12% year-over-year GAAP earnings per share of $0.18 for the quarter which included $0.20 per share of adjusting items. Adjusted earnings per share (a non-GAAP measure)

HOUSTON and LONDON , Nov. 16, 2022 (GLOBE NEWSWIRE) -- Baker Hughes (NASDAQ:BKR) will hold a webcast on Monday, Jan. 23, 2023, to discuss the results for the fourth quarter and full year ending Dec. 31, 2022. The webcast is scheduled to begin at 8:30 a.m. Eastern Time (7:30 a.m. Central Time). A press release announcing the results will be issued at 7 a.m. Eastern Time (6 a.m. Central Time). To access the webcast, listeners should visit the Baker Hughes website at: investors.bakerhughes.com. An archived version will be available on the website following the webcast. About Baker Hughes:Baker Hughes (NASDAQ:BKR) is an energy technology company that provides solutions to energy and industri

Orders of $6.1 billion for the quarter, up 3% sequentially and up 13% year-over-year.Revenue of $5.4 billion for the quarter, up 6% sequentially and up 5% year-over-year.GAAP operating income of $269 million for the quarter, up $294 million sequentially and down $110 million year-over-year.Adjusted operating income (a non-GAAP measure) of $503 million for the quarter, up 34% sequentially and up 25% year-over-year.Adjusted EBITDA* (a non-GAAP measure) of $758 million for the quarter, up 16% sequentially and up 14% year-over-year. GAAP loss per share of $(0.02) for the quarter which included $0.28 per share of adjusting items. Adjusted earnings per share (a non-GAAP measure) was $0.26.Cash flo

HOUSTON and LONDON, Sept. 16, 2022 (GLOBE NEWSWIRE) -- Baker Hughes (NASDAQ:BKR) will hold a webcast Wednesday, Oct. 19, 2022, to discuss the results for the third quarter ending Sept. 30, 2022. The webcast is scheduled to begin at 8:30 a.m. Eastern Time (7:30 a.m. Central Time). A press release announcing the results will be issued at 7 a.m. Eastern Time (6 a.m. Central Time). To access the webcast, listeners should visit the Baker Hughes website at: investors.bakerhughes.com. An archived version will be available on the website following the webcast. About Baker Hughes:Baker Hughes (NASDAQ:BKR) is an energy technology company that provides solutions to energy and industrial customers w

Orders of $5.9 billion for the quarter, down 14% sequentially and up 15% year-over-year. Revenue of $5.0 billion for the quarter, up 4% sequentially and down 2% year-over-year. GAAP operating loss of $25 million for the quarter, down $304 million sequentially and down $219 million year-over-year. Adjusted operating income (a non-GAAP measure) of $376 million for the quarter, up 8% sequentially and up 13% year-over-year. Adjusted EBITDA* (a non-GAAP measure) of $651 million for the quarter, up 4% sequentially and up 6% year-over-year. GAAP loss per share of $(0.84) for the quarter which included $0.95 per share of adjusting items. Adjusted earnings per share (a non-GAAP measu

Baker Hughes (NASDAQ:BKR) will hold a webcast on Wednesday, July 20, 2022 to discuss the results for the second quarter ending June 30, 2022. The webcast is scheduled to begin at 8:30 a.m. Eastern Time (7:30 a.m. Central Time). A press release announcing the results will be issued at 7:00 a.m. Eastern Time (6:00 a.m. Central Time). To access the webcast, listeners should visit the Baker Hughes website at: investors.bakerhughes.com. An archived version will be available on the website following the webcast. About Baker Hughes: Baker Hughes (NASDAQ:BKR) is an energy technology company that provides solutions to energy and industrial customers worldwide. Built on a century of experience and

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% year-over-year. GAAP earnings per share of $0.08 for the quarter which included $0.07 per share of adjusting items. Adjusted earnings per share (a non-GAAP measure) was $0

Baker Hughes (NASDAQ:BKR) will hold a webcast on Wednesday, April 20, 2022 to discuss the results for the first quarter ending March 31, 2022. The webcast is scheduled to begin at 8:30 a.m. Eastern Time (7:30 a.m. Central Time). A press release announcing the results will be issued at 7:00 a.m. Eastern Time (6:00 a.m. Central Time). To access the webcast, listeners should visit the Baker Hughes website at: investors.bakerhughes.com. An archived version will be available on the website following the webcast. About Baker Hughes: Baker Hughes (NASDAQ:BKR) is an energy technology company that provides solutions to energy and industrial customers worldwide. Built on a century of experience an

Orders of $6.7 billion for the quarter, up 24% sequentially and up 28% year-over-year Revenue of $5.5 billion for the quarter, up 8% sequentially and flat year-over-year GAAP operating income of $574 million for the quarter, up 52% sequentially and favorable year-over-year Adjusted operating income (a non-GAAP measure) of $571 million for the quarter, up 42% sequentially and up 23% year-over-year Adjusted EBITDA* (a non-GAAP measure) of $844 million for the quarter was up 27% sequentially and up 10% year-over-year GAAP diluted earnings per share of $0.32 for the quarter which included $(0.08) per share of adjusting items. Adjusted diluted earnings per share (a non-GAAP measure) w

Baker Hughes (NYSE:BKR) will hold a webcast on Thursday, January 20, 2022 to discuss the results for the fourth quarter and full year ending December 31, 2021. The webcast is scheduled to begin at 8:30 a.m. Eastern Time (7:30 a.m. Central Time). A press release announcing the results will be issued at 7:00 a.m. Eastern Time (6:00 a.m. Central Time). To access the webcast, listeners should visit the Baker Hughes website at: investors.bakerhughes.com. An archived version will be available on the website following the webcast. About Baker Hughes: Baker Hughes (NYSE:BKR) is an energy technology company that provides solutions to energy and industrial customers worldwide. Built on a century o

Orders of $5.4 billion for the quarter, up 6% sequentially and up 5% year-over-year. Revenue of $5.1 billion for the quarter, down 1% sequentially and up 1% year-over-year. GAAP operating income of $378 million for the quarter, up 95% sequentially and favorable year-over-year. Adjusted operating income (a non-GAAP measure) of $402 million for the quarter was up 21% sequentially and up 72% year-over-year. Adjusted EBITDA* (a non-GAAP measure) of $664 million for the quarter was up 9% sequentially and up 21% year-over-year. GAAP earnings per share of $0.01 for the quarter which included $0.15 per share of adjusting items. Adjusted earnings per share (a non-GAAP measure) was $0.16.

Baker Hughes (NYSE:BKR) will hold a webcast on Wednesday, October 20, 2021 to discuss the results for the third quarter ending September 30, 2021. The webcast is scheduled to begin at 8:30 a.m. Eastern Time (7:30 a.m. Central Time). A press release announcing the results will be issued at 7:00 a.m. Eastern Time (6:00 a.m. Central Time). To access the webcast, listeners should visit the Baker Hughes website at: investors.bakerhughes.com. An archived version will be available on the website following the webcast. About Baker Hughes: Baker Hughes (NYSE:BKR) is an energy technology company that provides solutions to energy and industrial customers worldwide. Built on a century of experience

Orders of $5.1 billion for the quarter, up 12% sequentially and up 4% year-over-year. Revenue of $5.1 billion for the quarter, up 8% sequentially and up 9% year-over-year. GAAP operating income of $194 million for the quarter, up 18% sequentially and favorable year-over-year. Adjusted operating income (a non-GAAP measure) of $333 million for the quarter was up 23% sequentially and favorable year-over-year. Adjusted EBITDA* (a non-GAAP measure) of $611 million for the quarter was up 9% sequentially and up 38% year-over-year. GAAP loss per share of $(0.08) for the quarter which included $0.18 per share of adjusting items. Adjusted earnings per share (a non-GAAP measure) was $0.10.