8-KEarnings & ResultsRegulation FDExhibits & Filings

Baker Hughes Co 8-K Report, Financial Results (Jan 31, 2019)

Filed January 31, 2019For Securities:BKR

Summary

Baker Hughes Co (BKR) filed an 8-K on January 31, 2019, to report its financial results for the fourth quarter and full year ended December 31, 2018. The filing primarily furnishes a press release containing these results, which are important for investors to assess the company's performance. While the press release itself is incorporated by reference, the information is not deemed "filed" under Section 18 of the Securities Exchange Act of 1934, meaning it doesn't automatically become part of the company's formal SEC filings unless explicitly referenced. The company also announced its intention to hold a conference call on January 31, 2019, to discuss these earnings. Investors should note that the discussion may include non-GAAP financial measures, which should be considered alongside, and not as a substitute for, GAAP-based results. Reconciliations for any non-GAAP measures are expected to be provided in the press release and during the call.

Key Highlights

  • 1Baker Hughes Co (BKR) announced Q4 and full-year 2018 financial results on January 31, 2019.
  • 2The 8-K filing incorporates a press release (Exhibit 99.1) containing these financial results.
  • 3A conference call was scheduled for January 31, 2019, to discuss the earnings announcement.
  • 4The company indicated that discussions might include non-GAAP financial measures.
  • 5Reconciliations of non-GAAP to GAAP measures are expected to be provided.
  • 6Information furnished via this 8-K is not considered "filed" for Section 18 purposes unless specifically incorporated by reference in other filings.
  • 7Investors can access archived webcast replays on the Baker Hughes investor website.

Frequently Asked Questions

The main purpose of this 8-K filing is to publicly announce and furnish Baker Hughes' financial results for the fourth quarter and the full year ended December 31, 2018, through an accompanying press release. It also informs investors about the upcoming conference call to discuss these results.

The information furnished in this 8-K, specifically the press release, is generally not deemed "filed" for the purposes of Section 18 of the Securities Exchange Act of 1934. This means it doesn't automatically become part of the company's formal SEC filings unless Baker Hughes expressly states so in a future filing.

Investors should be aware that the conference call may discuss non-GAAP financial measures. While these can provide additional insight, they should always be considered in conjunction with, and not as a replacement for, the company's primary financial performance metrics prepared in accordance with Generally Accepted Accounting Principles (GAAP). Reconciliations between non-GAAP and GAAP measures are expected to be provided.

The detailed financial results are contained in the press release furnished as Exhibit 99.1 to this 8-K. The company planned to discuss these results on a conference call on January 31, 2019, which was broadcast live via webcast on the Baker Hughes investor website (www.investors.bhge.com). An archived version of the webcast is expected to be available on the website for one month following the call.