Baker Hughes Company (BKR) CEO Lorenzo Simonelli on Q2 2021 Results - Earnings Call Transcript

Jul. 21, 2021 2:18 PM ETBaker Hughes Company (BKR) StockBKR
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Q2: 2021-07-21 Earnings Summary

EPS of $0.10 misses by $0.06
 | Revenue of $5.14B (8.57% Y/Y) beats by $189.55M

Baker Hughes Company (NASDAQ:BKR) Q2 2021 Earnings Conference Call July 21, 2021 8:30 AM ET

Company Participants

Jud Bailey - Vice President, Investor Relations
Lorenzo Simonelli - Chairman and Chief Executive Officer
Brian Worrell - Chief Financial Officer

Conference Call Participants

Chase Mulvehill - Bank of America
James West - Evercore ISI
Scott Gruber - Citigroup
David Anderson - Barclays
Ian Macpherson - Piper Sandler
Marc Bianchi - Cowen
Arun Jayaram - JP Morgan
Stephen Gengaro - Stifel
Connor Lynagh - Morgan Stanley

Operator

Good day, ladies and gentlemen, and welcome to the Baker Hughes Company Second Quarter 2021 Earnings Call. At this time, all participants are in a listen-only mode. [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.

Jud Bailey

Thank you. Good morning everyone, and welcome to the Baker Hughes second quarter 2021 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 risks and assumptions. Please review our SEC filings and website for a discussion 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. During the second quarter, we generated strong free cash flow, booked several key awards, and took a

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