8-KEarnings & ResultsRegulation FDExhibits & Filings

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

Filed July 22, 2020For Securities:BKR

Summary

Baker Hughes Company (BKR) filed an 8-K on July 22, 2020, to furnish its second-quarter 2020 financial results. The report primarily serves to incorporate by reference the press release announcing these results, which was issued on the same date. Investors should note that while the information is furnished, it is not deemed "filed" for the purposes of Section 18 of the Securities Exchange Act of 1934, meaning it carries less regulatory weight regarding potential liability for misstatements or omissions. The company also announced a conference call scheduled for July 22, 2020, to discuss the earnings. This call was previously announced, indicating continuity in communication plans. The filing also highlights that discussions might include non-GAAP financial measures, with reconciliations to GAAP provided in the press release, a common practice for companies to offer a more nuanced view of operational performance.

Key Highlights

  • 1Furnished second-quarter 2020 financial results via press release as Exhibit 99.1.
  • 2Information furnished is not deemed "filed" under Section 18 of the Securities Exchange Act of 1934.
  • 3Scheduled a conference call on July 22, 2020, to discuss Q2 2020 earnings.
  • 4Conference call details and webcast access information were provided.
  • 5Potential use of non-GAAP financial measures was disclosed, with reconciliations available in the press release.
  • 6The filing included various Inline XBRL documents for enhanced data transparency.

Frequently Asked Questions

The main purpose of this 8-K filing is to officially furnish Baker Hughes Company's press release announcing its financial results for the second quarter ended June 30, 2020. It also provides details about the associated conference call to discuss these results.

No, the information furnished in this 8-K, specifically the press release, is not deemed "filed" for the purposes of Section 18 of the Securities Exchange Act of 1934. This means investors should not rely on it for liability purposes under that section. However, it is incorporated by reference into the filing.

Yes, the company stated that the discussions on the conference call may include non-GAAP financial measures. Reconciliations of these non-GAAP measures to the closest GAAP measures are provided within the press release (Exhibit 99.1).

Investors can find the detailed financial results in the press release dated July 22, 2020, which is furnished as Exhibit 99.1 to this 8-K filing. An archived webcast of the conference call will also be available on the Baker Hughes Company website for one month.