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.
Order Performance2Q IET orders were solidly above expectations, fueled by BKR's Power business, showcasing a diversified portfolio.