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Home Newsfeeds Baker Hughes Q1 Orders $7.6B (+12% Y/Y), Free Cash Flow $197M

Baker Hughes Q1 Orders $7.6B (+12% Y/Y), Free Cash Flow $197M

s 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

byBenzinga Newsdesk

April 19, 2023

1 minute read

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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) for the quarter was $197 million.