Baker Hughes Company (NASDAQ:BKR) Q1 2022 Earnings Conference Call April 20, 2022 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
James West - Evercore ISI
Chase Mulvehill - Bank of America
Connor Lynagh - Morgan Stanley
Scott Gruber - Citigroup
Arun Jayaram - JPMorgan Chase
Stephen Gengaro - Stifel
David Anderson - Barclays
Roger Read - Wells Fargo
Operator
Good day, ladies and gentlemen and welcome to the Baker Hughes Company First Quarter 2022 Earnings Conference Call. [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 first quarter 2022 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. Our first quarter results reflect operating in a very volatile market environment during the first few months of 2022. On the positive side, TPS orders were up over 100% year-over-year, with TPS
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