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The latest update is out from Baker Hughes Company ( (BKR) ).
On January 30, 2025, Baker Hughes Company announced its fourth-quarter and full-year 2024 financial results, showcasing a year of strong performance. The company reported record revenue growth, free cash flow, and improvements in adjusted earnings per share and EBITDA, driven by significant orders in its Industrial & Energy Technology segment. The company highlighted its strategic focus on profitable growth and margin improvement, with a strong performance in gas infrastructure and LNG technology solutions, including major contracts and service agreements globally. These results reflect Baker Hughes’ successful execution and enhanced market position, allowing for increased shareholder returns, including a 10% dividend increase.
More about Baker Hughes Company
Baker Hughes Company is a leading energy technology company involved in providing energy and industrial technology services. The company focuses on the development of technologies that enhance energy efficiency and sustainability. Its operations span various sectors including oilfield services, gas infrastructure, and liquified natural gas (LNG) technology solutions. Baker Hughes is also involved in climate technology solutions, aiming to reduce environmental impacts such as flaring.
YTD Price Performance: 3.63%
Average Trading Volume: 6,526,059
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $42.83B
Learn more about BKR stock on TipRanks’ Stock Analysis page.
