Baker Hughes: Adjusted EPS up 46% in Q2

(CercleFinance.com) - Baker Hughes reports Q2 sales of $7139 million, up 13% year-on-year.


Adjusted EBITDA stands at $1130 million, up 25%, while adjusted net income, Group share, stands at $568 million, up 44%.

Adjusted EPS stands at $0.57, up 46%.

FCF was $106 million, down 83% year-on-year.

' Our excellent second-quarter results demonstrate once again 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', says Baker Hughes Chairman and CEO Lorenzo Simonelli.

'Following our outperformance in the first half, 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', he added.

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