8-KEarnings & ResultsRegulation FDExhibits & Filings

Baker Hughes Co 8-K Report, Financial Results (Jan 22, 2020)

Filed January 22, 2020For Securities:BKR

Summary

Baker Hughes Company (BKR) filed an 8-K on January 22, 2020, to report its financial results for the fourth quarter and full year ended December 31, 2019. The report primarily serves to furnish the accompanying press release, which contains the detailed financial and operational performance for the period. Investors should note that the information furnished in this 8-K, including the press release, is not deemed "filed" under Section 18 of the Exchange Act, meaning it is not subject to the same level of legal liability as formal filings, but it is crucial for understanding the company's recent performance and outlook. Key details regarding the company's financial condition and results of operations for Q4 and full-year 2019 are presented in the press release. Baker Hughes also announced a conference call scheduled for January 22, 2020, to discuss these results. Investors are advised to consult the press release and the replay of the conference call for comprehensive insights into the company's performance, including any non-GAAP financial measures, which will be reconciled to their nearest GAAP equivalents.

Key Highlights

  • 1Baker Hughes announced its financial results for the fourth quarter and full year ended December 31, 2019.
  • 2The 8-K filing includes a furnished press release (Exhibit 99.1) containing the detailed financial results.
  • 3A conference call was scheduled for January 22, 2020, at 9:00 AM ET to discuss the Q4 and full-year 2019 earnings.
  • 4The information furnished in the 8-K and press release is not deemed "filed" under Section 18 of the Securities Exchange Act of 1934.
  • 5The company noted that the discussion might include non-GAAP financial measures, with reconciliations to GAAP provided in the press release.
  • 6An archived webcast of the conference call will be available on the Baker Hughes investor relations website for one month.

Frequently Asked Questions

The main purpose of this 8-K filing is to publicly announce and furnish Baker Hughes Company's financial results for the fourth quarter and full year ended December 31, 2019, through an accompanying press release. It also notifies investors about the scheduled conference call to discuss these results.

The detailed financial results for the fourth quarter and full year 2019 are available in the press release furnished as Exhibit 99.1 to this 8-K filing. Investors can also find this information on the Baker Hughes Company website and through the archived webcast of the conference call.

When information is furnished and not deemed "filed" under Section 18 of the Securities Exchange Act of 1934, it generally means that the company is not subject to the same level of liability under Section 18 for the accuracy of that specific information. However, it still represents material information being communicated to investors.

Yes, the company indicated that the conference call and press release might include non-GAAP financial measures. These measures should be considered in addition to, not as a substitute for, GAAP financial results, and reconciliations to the closest GAAP measures are provided within the press release.