Baker Hughes Non-GAAP EPS of $0.38 misses by $0.02, revenue of $5.91B misses by $160M
Baker Hughes press release (NASDAQ:BKR): Q4 Non-GAAP EPS of $0.38  misses by $0.02.
Revenue of $5.91B (+7.65% Y/Y)  misses by $160M.
Record orders of $8.0 billion for the quarter, up 32% sequentially and up 20% year-over-year.
GAAP operating income of $663 million for the quarter, up $394 million sequentially and up 15% year-over-year.

Adjusted operating income (a non-GAAP measure) of $692 million for the quarter, up 38% sequentially and up 21% year-over-year.
Adjusted EBITDA (a non-GAAP measure) of $947 million for the quarter, up 25% sequentially and up 12% year-over-year.
Cash flows generated from operating activities were $898 million for the quarter. Free cash flow (a non-GAAP measure) for the quarter was $657 million.
âGiven this macro backdrop, Baker Hughes is intensely focused on four key areas in 2023 in order to drive future value for shareholders. First, we are well positioned to capitalize on the significant growth opportunities that are building across both business segments. Second, we remain focused on optimizing our corporate structure and transforming the Baker Hughes organization to drive improvements in our margin and returns profile. Third, we continue to develop our portfolio of new energy technologies. Fourth, we will continue to focus on all these initiatives and generating strong free cash flow and returning 60 to 80% of this free cash flow to shareholders through a combination of dividends and opportunistic share buybacks,â said Lorenzo Simonelli, Baker Hughes chairman and chief executive officer.