AI English summary of an SEC filing — figures as filed

Baker Hughes said Q4 2024 revenue was $7,364 million, up 8% year-over-year, and adjusted EBITDA was $1,310 million, up 20% year-over-year.

8-KResults of Operations and Financial ConditionFiled Jan 30, 2025Period of report Jan 30, 2025Summary published (UTC) Oct 10, 2026

Key points

AI summary

Baker Hughes said Q4 2024 revenue was $7,364 million, up 8% year-over-year, and adjusted EBITDA was $1,310 million, up 20% year-over-year.
The company said IET orders for Q4 were $3,756 million, up 24% year-over-year, and revenue was $3,492 million, up 21% year-over-year. OFSE revenue for Q4 was $3,871 million, down 2% year-over-year.
Baker Hughes said full-year 2024 net income attributable to Baker Hughes was $2,979 million, cash flows from operating activities were $3,332 million and free cash flow was $2,257 million. Returns to shareholders totaled $1,320 million, including $484 million of share repurchases.
The company said the income tax benefit for Q4 was $398 million, reflecting the impact of a valuation allowance release in the U.S. Restructuring, impairment and other charges for the same quarter were $281 million, which the company said were primarily related to streamlining of the OFSE operating model.

Summary

AI-written

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

Q4 2024 Revenue $7,364 million, Adjusted EBITDA $1,310 million

Baker Hughes said Q4 2024 revenue was $7,364 million, up 8% year-over-year, and adjusted EBITDA was $1,310 million, up 20% year-over-year.

Source · Based on the filing body and exhibits

IET Q4 Orders $3,756 million, OFSE Revenue $3,871 million

The company said IET orders for Q4 were $3,756 million, up 24% year-over-year, and revenue was $3,492 million, up 21% year-over-year. OFSE revenue for Q4 was $3,871 million, down 2% year-over-year.

Source · Based on the filing body and exhibits

Full-Year 2024 Net Income $2,979 million, Free Cash Flow $2,257 million

Baker Hughes said full-year 2024 net income attributable to Baker Hughes was $2,979 million, cash flows from operating activities were $3,332 million and free cash flow was $2,257 million. Returns to shareholders totaled $1,320 million, including $484 million of share repurchases.

Source · Based on the filing body and exhibits

Q4 Income Tax Benefit and Restructuring and Impairment Charges

The company said the income tax benefit for Q4 was $398 million, reflecting the impact of a valuation allowance release in the U.S. Restructuring, impairment and other charges for the same quarter were $281 million, which the company said were primarily related to streamlining of the OFSE operating model.

Source · Based on the filing body and exhibits

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.

View the original filing on SEC EDGAR ↗

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