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Baker Hughes Company Announces Fourth Quarter and Total Year 2020 Results


Baker Hughes Company Announces Fourth Quarter and Total Year 2020 Results
Revenue of $5.5 billion for the quarter, up 9% sequentially and down 13% year-over-year.
GAAP operating income of $182 million for the quarter, up $231 million
sequentially and down 45% year-over-year.
Adjusted operating income (a non-GAAP measure) of $462 million for the quarter, up 98% sequentially and down 15%
year-over-year.
GAAP diluted earnings per share of $0.91 for the quarter which included $(0.98) per share of adjusting items. Adjusted diluted earnings per share (a non-GAAP measure) were $(0.07).
Cash flows generated from operating activities were $378 million for the quarter. Free cash flow (a non-GAAP measure) for the quarter was $250 million.
The Company presents its financial results in accordance with GAAP. However, management believes that using additional non-GAAP measures will enhance the evaluation of the profitability of the Company and its ongoing operati ....

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Baker Hughes Co. (BKR) Q4 2020 Earnings Call Transcript


Operator
Good day, ladies and gentlemen, and welcome to the Baker Hughes Company Fourth Quarter and Full Year 2020 Earnings Call. [Operator Instructions] Later, we will conduct a question-and-answer session and instructions will follow at that time. [Operator Instructions].
I would now like to introduce your host for today s conference, Mr. Jud Bailey, Vice President of Investor Relations. Sir, you may begin.
Jud Bailey
Vice President of Investor Relations
Thank you. Good morning, everyone, and welcome to the Baker Hughes Fourth Quarter and Full Year 2020 Earnings Conference Call. Here with me are our Chairman and CEO, Lorenzo Simonelli; and our CFO, Brian Worrell. The earnings release we issued earlier today can be found on our website at bakerhughes.com. ....

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Admission delay at Oregon State Hospital breaks court order


The Oregon Court of Appeals has upheld a 2019 ruling that found the state psychiatric hospital in contempt for failing to quickly admit incarcerated persons found unfit to stand trial.
Since 2002, a federal order has required the Oregon State Hospital to admit patients within seven days in cases where a trial court has issued a commitment order, but the hospital “routinely violated” that rule hundreds of times, according to an investigation by The Oregonian last year.
The appeals decision, published Wednesday, Dec. 30, has some in the legal establishment hoping it will spur lawmakers to act.
“If the Legislature keeps ignoring these violations, and doesn’t fully fund the state hospital, they are now opening themselves and state agencies up to a whole bunch of liabilities,” said defense attorney Amanda Thibeault. “My real hope is that the Legislature cares enough about mentally ill people to properly fund the state hospital.” ....

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Pamplin Media Group - Admission delay at Oregon State Hospital breaks court order

Admission delay at Oregon State Hospital breaks court order, Local News, Portland local News, Breaking News alerts for Portland city. ....

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