8-KEarnings & ResultsRegulation FDExhibits & Filings

Baker Hughes Co 8-K Report, Financial Results (Oct 20, 2017)

Filed October 20, 2017For Securities:BKR

Summary

This 8-K filing from Baker Hughes, a GE company (BKR), dated October 20, 2017, primarily announces the company's financial results for the third quarter ended September 30, 2017. The core of the filing consists of furnished news releases (Exhibits 99.1 and 99.2) detailing these results and providing reconciliations between Generally Accepted Accounting Principles (GAAP) and non-GAAP financial measures. Investors can access a webcast of the earnings call to further understand the reported figures and management's commentary. The filing emphasizes that while non-GAAP measures are provided for additional context, GAAP figures are the official basis for financial performance. The furnished information is not considered 'filed' for certain regulatory purposes but offers a timely update on the company's performance during the specified quarter. This report serves as a standard disclosure mechanism for releasing quarterly financial outcomes and related analytical information to the investing public.

Key Highlights

  • 1Baker Hughes, a GE company, announced its third-quarter financial results for the period ending September 30, 2017.
  • 2The filing includes furnished news releases (Exhibits 99.1 and 99.2) detailing the company's financial performance.
  • 3Reconciliations between GAAP and non-GAAP financial measures are provided in the furnished exhibits.
  • 4The company scheduled a conference call on October 20, 2017, to discuss the third-quarter earnings.
  • 5A live webcast of the conference call was available on the company's investor website.
  • 6Archived webcast will be available on the company's website until November 20, 2017.
  • 7The information furnished in the 8-K is not deemed 'filed' for certain SEC purposes, but provides key financial updates.

Frequently Asked Questions

This 8-K filing announces Baker Hughes' financial results for the third quarter ended September 30, 2017. The detailed results are provided in furnished news releases (Exhibits 99.1 and 99.2) which are incorporated by reference.

The specific financial numbers are detailed in the news releases furnished as Exhibit 99.1 and Exhibit 99.2 with this 8-K filing. These exhibits are incorporated by reference and should be reviewed for precise figures.

Non-GAAP financial measures are provided to offer additional context and insights into the company's performance beyond traditional GAAP reporting. Reconciliations to the closest GAAP measures are included in the furnished exhibits, and investors are advised to consider these non-GAAP measures in conjunction with, rather than as a substitute for, GAAP financial results.

Yes, Baker Hughes held a conference call on October 20, 2017, at 9:30 a.m. Eastern Time to discuss the third-quarter earnings announcement. The call was broadcast live via a webcast, and an archived version was available on the company's investor website.