Summary
Baker Hughes Company (BKR) filed an 8-K on October 21, 2020, to report its financial results for the third quarter ended September 30, 2020. The filing primarily consists of a furnished press release announcing these results and details about an upcoming conference call to discuss them. Investors should note that the information provided in the press release is furnished and not deemed 'filed' under the Securities Exchange Act, meaning it's not subject to the same level of regulatory scrutiny as a formally filed document. The company also stated that it would discuss both GAAP and non-GAAP financial measures, with reconciliations provided in the press release.
Key Highlights
- 1Baker Hughes announced its Q3 2020 financial results on October 21, 2020, via an 8-K filing.
- 2The core of the filing is a furnished press release (Exhibit 99.1) containing the Q3 earnings announcement.
- 3A conference call was scheduled for October 21, 2020, to discuss the earnings results.
- 4The company will discuss both GAAP and non-GAAP financial measures, with reconciliations available.
- 5Information furnished in the 8-K is not considered 'filed' for Section 18 of the Exchange Act purposes.
- 6An archived webcast of the conference call will be available on the company's investor relations website.
Frequently Asked Questions
The main purpose of this 8-K filing is to announce and provide access to Baker Hughes' financial results for the third quarter ended September 30, 2020, through a furnished press release and to inform investors about the upcoming 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 it does not carry the same liability as formally filed documents.
Yes, the company indicated that it will discuss both GAAP and non-GAAP financial measures during the conference call. Reconciliations of these non-GAAP measures to their closest GAAP equivalents will be included in the press release.
The press release (Exhibit 99.1) furnished with this 8-K contains the detailed financial results. Additionally, a replay of the conference call discussing these results will be available on Baker Hughes' investor relations website for one month following the call.