Summary
Baker Hughes Company (BKR) filed an 8-K on April 21, 2021, to report its financial results for the first quarter ended March 31, 2021. The filing primarily serves to furnish a press release (Exhibit 99.1) and a financial supplement (Exhibit 99.2) detailing these results. Investors should note that the information provided in these furnished exhibits is not considered "filed" with the SEC for the purposes of Section 18 of the Securities Exchange Act of 1934, nor is it automatically incorporated into future SEC filings unless specifically referenced. The company also announced a conference call to discuss these first-quarter results.
Key Highlights
- 1Baker Hughes announced its first-quarter 2021 financial results on April 21, 2021, via a press release.
- 2The 8-K filing includes Exhibit 99.1 (News Release) and Exhibit 99.2 (Financial Supplement) detailing the Q1 2021 performance.
- 3A conference call was scheduled for April 21, 2021, to discuss the first-quarter earnings, with a webcast available on the company's investor relations website.
- 4The company intends to discuss both GAAP and non-GAAP financial measures, with reconciliations to GAAP measures included in the furnished exhibits.
- 5Information furnished in this 8-K is not deemed "filed" for certain legal purposes but is provided to inform investors of the company's performance.
- 6The filing also includes exhibits for Inline XBRL data, facilitating machine readability of financial information.
Frequently Asked Questions
The detailed financial results for Baker Hughes' first quarter of 2021 are available in the press release (Exhibit 99.1) and the financial supplement (Exhibit 99.2) that are furnished with this Form 8-K filing.
Information furnished under Item 2.02 and 7.01 of an 8-K is not considered 'filed' for the purposes of Section 18 of the Securities Exchange Act of 1934. This means it does not automatically carry the same legal implications or liabilities as information that is formally filed, although it is still provided for investor awareness.
Yes, the company indicated that the conference call may discuss non-GAAP financial measures in addition to GAAP results. Reconciliations of these non-GAAP measures to their closest GAAP equivalents are included in the furnished press release and financial supplement.
Yes, an archived version of the conference call webcast will be available on the Baker Hughes Company website (www.investors.bakerhughes.com) for one month following the live broadcast.