NYSE$BKR

Baker Hughes Company · Q4 2019 earnings

Q4 2019 earnings · · Investor relations

Briefing

Baker Hughes' Q4 2019 results were announced, showcasing revenue increase and strategic progress.

Baker Hughes reported a slight increase in revenue and operating income for Q4 2019. Revenue increased by 1% year-over-year, while operating income decreased by 13%. The company highlighted strong cash flow and orders in specific segments, as well as progress in its separation from GE.

  • Orders for the quarter were $6.9 billion, up 1% year-over-year.
  • Revenue for the quarter was $6.3 billion, up 1% year-over-year.
  • GAAP operating income for the quarter was $331 million, down 13% year-over-year.
  • Free cash flow for the quarter was $1,053 million.

Headline financials

Total Revenue

$6.35B

Previous: $6.26B+1.3%
EPS (adj)

$0.27

Previous: $0.26+3.8%
Free Cash Flow

$1.05B

No prior period
Net Income

$48M

Previous: $131M-63.4%
Operating Income

$331M

Previous: $382M-13.4%
Gross Profit

$1.3B

Previous: $1.24B+4.8%
Cash & Equivalents

$3.25B

Previous: $3.72B-12.7%
Total Assets

$53.4B

Previous: $52.4B+1.8%

Revenue & EPS history

Baker Hughes · Revenue · Quarterly

$6.35B

Q4 2019+1.3%vs Q4 2018
Beat estimate in 7 of 16 quarters(44%)
ActualEstimate

Revenue by segment

Baker Hughes · $3.29B total across 1 segment · Q4 2019

  • Oilfield Services
    $3.29B+7.5%

Forward guidance

Baker Hughes anticipates a slowly improving macro environment in 2020 and opportunities to strengthen the company. They are focused on improving operations, cash flow, and positioning for the energy transition and digital transformation.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q4 2019

Historical avgQ4 2019

+0.5%

Avg return

Earnings day

+0.3%

Avg return

5 days after

+1.6%

Avg return

30 days after

58%

31 / 53 earnings

Positive

+8.1%

Q3 2013

Best reaction

-11.7%

Q2 2022

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+1.2%+6.7%+2.4%
Q4 2025+4.3%+3.9%+20.2%
Q3 2025-3.2%-1.2%-0.0%
Q2 2025-1.0%-0.9%+7.5%
Q1 2025-6.4%-5.6%-4.2%
Q4 2024+3.5%+9.5%-0.0%
Q3 2024+1.5%+2.9%+23.1%
Q2 2024+7.9%+9.6%+0.9%
Q1 2024+0.6%+1.2%-2.0%
Q4 2023-3.0%-1.6%-5.7%
Q3 2023+1.6%+1.4%-1.7%
Q2 2023-1.1%+2.3%+0.6%
Q1 2023+2.0%+2.3%-4.5%
Q4 2022-3.0%+0.7%-3.3%
Q3 2022+7.3%+8.1%+20.5%
Q2 2022-11.7%-13.5%-10.8%
Q1 2022-10.4%-16.3%-6.0%
Q4 2021+3.6%+6.2%+10.7%
Q3 2021-9.7%-6.4%-16.1%
Q2 2021-0.8%+4.2%+1.9%
Q1 2021+1.6%+3.2%+30.9%
Q4 2020-3.1%-10.0%+2.2%
Q3 2020+6.1%+2.0%+33.6%
Q2 2020+2.3%+0.1%-5.3%
Q1 2020+6.4%+6.7%+18.6%
Q4 2019+1.0%-3.0%-9.7%
Q3 2019-2.3%+2.1%+2.4%
Q2 2019+3.1%-2.9%-11.5%
Q1 2019-9.3%-7.1%-18.5%
Q4 2018+1.7%+4.6%+13.2%
Q3 2018+0.4%-2.0%-13.1%
Q2 2018+2.3%+4.7%-2.4%
Q1 2018+3.7%+4.2%+6.4%
Q4 2017-9.8%-12.3%-21.7%
Q3 2017-5.1%-9.3%-6.8%
Q2 2017+2.0%-2.2%-8.0%
Q1 2017+1.4%+1.2%-6.5%
Q4 2016-0.8%-0.8%-6.0%
Q3 2016+5.0%+13.4%+18.9%
Q2 2016+7.4%+4.8%+14.2%
Q1 2016+4.5%
Q4 2015+6.6%
Q3 2015+4.5%
Q2 2015-2.0%
Q1 2015-1.9%
Q4 2014+3.1%
Q3 2014-0.9%
Q2 2014-1.5%
Q1 2014+5.9%
Q4 2013+4.9%
Q3 2013+8.1%
Q2 2013-0.6%
Q1 2013-2.6%

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