- Baker Hughes Co (NASDAQ:BKR) reported fourth-quarter FY22 sales growth of 8% year-on-year, to $5.91 billion, missing the consensus of $6.06 billion.
- Orders for the quarter totaled $8 billion, a 20% increase Y/Y.
- Operating margin was 11.2%, and operating income for the quarter rose 15% to $663 million.
- The company held $2.5 billion in cash and equivalents as of December 31, 2022.
- Cash from operating activities amounted to $898 million, and free cash flow was $657 million.
- Adjusted EBITDA for the quarter rose 12% Y/Y to $947 million.
- Adjusted EPS of $0.38 missed the analyst consensus of $0.40.
- “In 2023, the global economy is expected to experience some challenges under the weight of inflationary pressures and tightening monetary conditions,” said chairman and CEO Lorenzo Simonelli.
- Price Action: BKR shares are trading higher by 1.38% at $31.50 in premarket on the last check Monday.
Universal Security Q3 EPS $0.15 Up From $0.02 YoY, Sales $5.76M Up From $5.32M YoY
Universal Security (AMEX:UUU) reported quarterly earnings of $0.15 per share. This is a 650 percent increase over earnings of $0.02 per share from the same period last year. The company reported $5.76 million in sales
