Summary
This 8-K filing from Baker Hughes Company (BKR), dated April 22, 2020, primarily serves to furnish the company's first-quarter results for the period ending March 31, 2020. The report directs investors to a separate news release (Exhibit 99.1) that details these financial outcomes. While the specific financial figures are not directly presented in the 8-K itself, the filing indicates that the company held a conference call on April 22, 2020, to discuss these results, which included both GAAP and non-GAAP financial measures. Investors are advised to consult the furnished news release for a comprehensive understanding of the Q1 2020 performance and any accompanying reconciliations of non-GAAP metrics.
Key Highlights
- 1Baker Hughes announced its first-quarter 2020 financial results on April 22, 2020.
- 2The full financial results are detailed in a news release furnished as Exhibit 99.1 to the 8-K filing.
- 3The company held a conference call on April 22, 2020, to discuss the Q1 earnings.
- 4The earnings discussion included both Generally Accepted Accounting Principles (GAAP) and non-GAAP financial measures.
- 5Reconciliations for non-GAAP financial measures to the closest GAAP measures were provided in the news release.
- 6The information furnished under Item 2.02 and 7.01 is not considered 'filed' for Section 18 purposes but is incorporated by reference.
- 7The filing includes various XBRL documents for structured data presentation.
Frequently Asked Questions
The specific financial results are detailed in the news release issued by Baker Hughes on April 22, 2020, which is furnished as Exhibit 99.1 to this 8-K filing. You should refer to that document for the detailed financial performance.
The conference call, held on April 22, 2020, was an opportunity for Baker Hughes to discuss its first-quarter 2020 financial results in detail with investors and analysts. It provided a platform for further explanation and Q&A regarding the earnings announcement.
Non-GAAP financial measures are performance metrics that exclude or include amounts that differ from the most directly comparable measure calculated and presented in accordance with GAAP. The filing states that these measures should be considered in addition to, not as an alternative or superior to, GAAP measures. Reconciliations to the closest GAAP measures are provided in the news release for a clearer understanding of the adjustments made.
According to General Instructions B.2. of Form 8-K, the information furnished in this report, including the earnings release, is not deemed 'filed' for the purposes of Section 18 of the Securities Exchange Act of 1934. While it's publicly disclosed, it doesn't carry the same legal implications as a formally filed financial statement in certain contexts.