8-KEarnings & ResultsRegulation FDExhibits & Filings

Baker Hughes Co 8-K Report, Financial Results (Oct 30, 2018)

Filed October 30, 2018For Securities:BKR

Summary

Baker Hughes, a GE company, filed an 8-K on October 30, 2018, to report its financial results for the third quarter ended September 30, 2018. The filing primarily serves to furnish a press release detailing these results and announcing a conference call to discuss them. Investors should note that the provided information, particularly any non-GAAP measures, should be considered alongside GAAP figures and reconciliations are available in the press release. The company also provided supplemental presentation data from April 2018. This report indicates that Baker Hughes, a GE company, is providing a scheduled update on its operational and financial performance for the latest quarter. While the 8-K itself is largely procedural, the accompanying press release (Exhibit 99.1) contains the substantive financial data investors would be looking for. The focus is on the Q3 2018 earnings and the subsequent investor call, which offers an opportunity for deeper insights into the company's performance drivers and outlook.

Key Highlights

  • 1Baker Hughes, a GE company, announced its third quarter 2018 financial results on October 30, 2018.
  • 2The 8-K filing furnished a press release (Exhibit 99.1) containing the Q3 2018 earnings announcement.
  • 3The company scheduled a conference call for October 30, 2018, to discuss the Q3 earnings results.
  • 4Financial results discussed in the press release and conference call may include non-GAAP financial measures.
  • 5Reconciliations of non-GAAP measures to the closest GAAP measures are included in the furnished press release.
  • 6The filing also referenced a supplemental presentation dated April 5, 2018.

Frequently Asked Questions

The main purpose of this 8-K filing is to officially announce and furnish Baker Hughes, a GE company's financial results for the third quarter ended September 30, 2018, via an accompanying press release. It also informs about the scheduled conference call to discuss these results.

The detailed financial results for the third quarter of 2018 are provided in the press release furnished as Exhibit 99.1 with this Form 8-K. Investors should refer to this exhibit for the specific earnings figures.

The press release may include both GAAP and non-GAAP financial measures. The company states that any non-GAAP measures should be considered in addition to, and not as an alternative or superior to, GAAP measures. Reconciliations of these non-GAAP measures to the closest GAAP financial measures are available within the press release itself.

The statement that the information 'shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934' means that while the information is publicly disclosed, it does not carry the same legal liability as formally filed documents under Section 18. It also means the information is not automatically incorporated by reference into future SEC filings unless specifically stated.