8-KEarnings & ResultsRegulation FDExhibits & Filings

Baker Hughes Co 8-K Report, Financial Results (Apr 20, 2022)

Filed April 20, 2022For Securities:BKR

Summary

Baker Hughes Company (BKR) filed an 8-K on April 20, 2022, to furnish its first-quarter 2022 earnings release. This filing primarily serves as notification that the company has announced its Q1 2022 financial results, which are detailed in an accompanying news release (Exhibit 99.1). Investors should note that while this news release contains important financial information, it is furnished and not deemed "filed" under SEC regulations, meaning it does not automatically become part of the company's formal SEC filings for liability purposes unless expressly incorporated. The company also announced a conference call scheduled for April 20, 2022, to discuss these results, which was previously announced. The release highlights that non-GAAP financial measures may be discussed, and investors are advised to review the provided GAAP reconciliations within the news release for a complete understanding of the company's financial performance.

Key Highlights

  • 1Baker Hughes announced its Q1 2022 financial results via a news release filed as an exhibit to the 8-K.
  • 2The filing is a "furnished" document, meaning the information in the news release is not "filed" with the SEC for purposes of Section 18 of the Exchange Act.
  • 3A conference call was scheduled for April 20, 2022, to discuss the Q1 earnings, a call that had been previously announced.
  • 4The news release may include non-GAAP financial measures; reconciliations to GAAP are provided in the release.
  • 5Investors can access an archived webcast of the conference call on the Baker Hughes investor relations website for one month.
  • 6The 8-K includes various XBRL documents related to the financial reporting, including schema, calculation, label, presentation, and definition linkbase files.

Frequently Asked Questions

The primary purpose of this 8-K filing is to officially notify the SEC and the public that Baker Hughes has released its financial results for the first quarter ended March 31, 2022, through an accompanying news release. It also provides details about the investor conference call to discuss these results.

No, the information in the news release furnished with this 8-K is considered 'furnished,' not 'filed.' This means it is not subject to the liability provisions of Section 18 of the Securities Exchange Act of 1934, unless the company expressly incorporates it into a subsequent SEC filing.

The detailed Q1 2022 financial results and analysis are contained within the news release that is attached as Exhibit 99.1 to this 8-K filing. You can also listen to the archived webcast of the conference call on the Baker Hughes investor relations website for further discussion.

Baker Hughes may discuss non-GAAP financial measures in their earnings announcement and conference call. Investors are advised to consider these non-GAAP measures in addition to, not as a substitute for, GAAP measures. The news release will include reconciliations of these non-GAAP measures to the closest comparable GAAP measures.