
• Reported GAAP EPS of $0.94 up 129.27% YoY • Reported revenue of $6.59B up 2.49% YoY
Bullish
Baker Hughes' IET segment achieved record orders and backlog, supported by strategic portfolio management generating $3 billion in gross proceeds, and IET revenue and EBITDA grew significantly year-over-year.
Bearish
Baker Hughes faced sequential declines in adjusted net income and free cash flow, with OFSE revenue decreasing year-over-year due to the SPC disposition and Middle East disruptions.