Baker Hughes Company (BKR) CEO Lorenzo Simonelli on Q2 2020 Results - Earnings Call Transcript

Jul. 22, 2020 2:56 PM ETBaker Hughes Company (BKR) StockBKR
SA Transcripts
153.96K Followers

Q2: 2020-07-22 Earnings Summary

EPS of -$0.05 misses by $0.05
 | Revenue of $4.74B (-20.99% Y/Y) misses by $61.40M

Baker Hughes Company (NASDAQ:BKR) Q2 2020 Results Earnings Conference Call July 22, 2020 9:00 AM ET

Company Participants

Judson Bailey - VP, IR
Lorenzo Simonelli - Chairman and CEO
Brian Worrell - Chief Financial Officer

Conference Call Participants

James West - Evercore ISI
Sean Meakim - JPMorgan
Angie Sedita - Goldman Sachs
Chase Mulvehill - Bank of America
Bill Herbert - Simmons
David Anderson - Barclays
Scott Gruber - Citigroup
Kurt Hallead - RBC

Operator

Good day, ladies and gentlemen, and welcome to the Baker Hughes Company Second Quarter 2020 Earnings Call. At this time, all participants are in a listen-only mode. Later, we will conduct a question-and-answer session and instructions will follow at that time. [Operator Instructions] As a reminder, this conference call is being recorded.

I would now like to introduce your host for today's conference, Mr. Jud Bailey, Vice President of Investor Relations. Sir, you may begin.

Judson Bailey

Thank you. Good morning, everyone, and welcome to the Baker Hughes second quarter 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.

As a reminder, during the course of this conference call, we will provide forward-looking statements. These statements are not guarantees of future performance and involve a number of risk and assumptions. Please review our SEC filings and our website for a discussion of some of the factors that could cause actual results to differ materially. As you know, reconciliations of operating income and other GAAP to non-GAAP measures can be found in our earnings release.

With that, I will turn the call over to Lorenzo.

Lorenzo Simonelli

Thank you, Jud. Good morning, everyone, and thanks for joining us. The second quarter of 2020 was challenging in

Recommended For You

About BKR Stock

SymbolLast Price% Chg
Market Cap
PE
Yield
Rev Growth (YoY)
Short Interest
Prev. Close
Compare to Peers

More on BKR