Baker Hughes: Q2 adjusted EPS up 46%
(CercleFinance.com) - Baker Hughes reports Q2 sales of $7139m, up 13% y-o-y.
Adjusted EBITDA reached $1130m, up 25%, while adjusted net income, group share, was $568m, up 44%.
Adjusted EPS rose 46% to $0.57, while FCF was $106m, down 83% y-o-y.
Our excellent Q2 results once again demonstrate that we are on the right track in executing our strategy. We continue to strengthen our operating performance, resulting in significant margin expansion in both segments, management says.
Following our outperformance in H1, we are raising the mid-point of our full-year guidance by 5%, and are confident in our ability to generate structurally higher margins over the coming years, it added.
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Adjusted EBITDA reached $1130m, up 25%, while adjusted net income, group share, was $568m, up 44%.
Adjusted EPS rose 46% to $0.57, while FCF was $106m, down 83% y-o-y.
Our excellent Q2 results once again demonstrate that we are on the right track in executing our strategy. We continue to strengthen our operating performance, resulting in significant margin expansion in both segments, management says.
Following our outperformance in H1, we are raising the mid-point of our full-year guidance by 5%, and are confident in our ability to generate structurally higher margins over the coming years, it added.
Copyright (c) 2024 CercleFinance.com. All rights reserved.