What is the main purpose of this 8-K filing by Baker Hughes?

The main purpose of this 8-K filing is to furnish Baker Hughes Company's earnings release for the second quarter ended June 30, 2023, which was issued on July 19, 2023. It also provides information regarding the previously scheduled conference call to discuss these results.

Where can investors find the detailed financial results and analysis?

The detailed financial results and analysis are contained within the news release (Exhibit 99.1) furnished with this 8-K filing. Investors can also access these details during the conference call and through the archived webcast on Baker Hughes' investor relations website.

Are the non-GAAP financial measures in the earnings release officially filed with the SEC?

No, the news release and the information contained within it, including non-GAAP measures, are furnished under Item 2.02 and 7.01. This means they are generally not considered 'filed' for purposes of Section 18 of the Securities Exchange Act of 1934, unless Baker Hughes expressly incorporates them into a future SEC filing. Reconciliations to the nearest GAAP measures are provided in the news release.

What is the significance of the Inline XBRL documents provided?

The Inline XBRL (eXtensible Business Reporting Language) documents are included to make the financial data more accessible and machine-readable for investors and analysts. This format allows for easier extraction and analysis of financial information compared to traditional PDF filings.

BKR 8-K: Earnings & Results & Regulation FD

Summary

Baker Hughes Company (BKR) filed an 8-K on July 19, 2023, primarily to furnish its second-quarter 2023 earnings release. The release, dated July 19, 2023, announces the company's financial results for the quarter ended June 30, 2023. This filing also serves as notice for a previously announced conference call scheduled for July 19, 2023, to discuss these results, accessible via webcast on the company's investor relations website. Investors should note that while the news release contains both GAAP and non-GAAP financial measures, the non-GAAP information is presented for additional context and should be considered alongside GAAP measures. Reconciliations for non-GAAP figures to their closest GAAP equivalents are provided within the news release itself. The company emphasizes that these furnished materials are not officially 'filed' for Section 18 purposes unless expressly incorporated by reference into a future SEC filing.

Key Highlights

1Baker Hughes announced its second-quarter 2023 financial results via a news release filed on July 19, 2023.
2The 8-K filing serves to officially furnish the Q2 2023 earnings release (Exhibit 99.1).
3A conference call to discuss the Q2 results was scheduled for July 19, 2023, at 8:30 a.m. ET.
4The company will webcast the conference call live and make an archive available on its investor website.
5The earnings release includes both GAAP and non-GAAP financial measures, with reconciliations provided.
6Information furnished under Item 2.02 and 7.01 is not deemed 'filed' for Section 18 purposes unless specifically stated otherwise in future filings.
7The filing includes various Inline XBRL documents for enhanced data accessibility.

Baker Hughes Co 8-K Report, Financial Results (Jul 19, 2023)

Summary

Key Highlights

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