8-KEarnings & ResultsRegulation FDExhibits & Filings

Baker Hughes Co 8-K Report, Financial Results (Oct 25, 2023)

Filed October 25, 2023For Securities:BKR

Summary

Baker Hughes Company (BKR) filed an 8-K on October 25, 2023, to announce its third-quarter financial results for the period ended September 30, 2023. The key takeaway for investors is the release of the company's quarterly earnings, which are detailed in an accompanying news release (Exhibit 99.1). This report also serves to notify stakeholders about a previously scheduled conference call to discuss these results, scheduled for October 26, 2023. Investors should note that while the report incorporates financial results, these are furnished and not deemed "filed" under SEC regulations, meaning they do not automatically become part of other SEC filings unless expressly stated. The company also highlighted that discussions may include non-GAAP financial measures, with reconciliations provided in the news release. This filing primarily serves as a notification of the earnings release and the associated investor call, directing attention to the detailed financial information within the furnished news release.

Key Highlights

  • 1Baker Hughes announced its third-quarter 2023 financial results on October 25, 2023, via a furnished news release (Exhibit 99.1).
  • 2The 8-K filing is primarily a notification of the earnings release and a recap of the previously announced conference call details.
  • 3A conference call to discuss the Q3 2023 results was scheduled for October 26, 2023.
  • 4The furnished financial information is not considered "filed" for certain SEC purposes, including Section 18 of the Exchange Act, unless specifically incorporated by reference into other filings.
  • 5The company may discuss non-GAAP financial measures during the earnings call and has provided reconciliations to GAAP measures in the news release.
  • 6Investors are directed to the company's website (www.investors.bakerhughes.com) for the webcast and archived recordings.

Frequently Asked Questions

The main purpose of this 8-K filing is to officially announce Baker Hughes' third-quarter 2023 financial results and to provide details about the conference call where these results will be discussed. It directs investors to the furnished news release for the specific financial data.

The detailed financial results for the third quarter ended September 30, 2023, are located in the news release dated October 25, 2023, which is furnished as Exhibit 99.1 to this 8-K filing. Investors can also access this information via the company's investor relations website.

Yes, the company noted that discussions during the conference call may include non-GAAP financial measures. These should be considered alongside, and not as a replacement for, GAAP measures. Reconciliations of these non-GAAP measures to their closest GAAP equivalents are included in the furnished news release.

No, the information furnished in this 8-K, specifically the news release containing the financial results, is generally not considered 'filed' for the purposes of Section 18 of the Securities Exchange Act of 1934, nor is it automatically incorporated by reference into other SEC filings, unless expressly stated otherwise in a future filing.