AcquisitionBaker Hughes' acquisition of Chart expands and complements its Industrial Energy & Technology segment, which enhances long-term growth, margins, and earnings durability.
Financial PerformanceBKR's 2Q results beat expectations with revenues up by 4% and EBITDA margins beating by 20-25 basis points.
Orders And BacklogBKR raised its FY25 IET guide for revenues and EBITDA, contributing to a record $31.3B backlog.