SEC Filings
Baker Hughes Pins $8.33 Billion Of Its $14.8 Billion Chart Price On Goodwill
The Chart allocation is preliminary, with $5.92 billion in intangibles that push amortization to $741 million in 2027.
Baker Hughes (BKR) news from Bullished: SEC filings, earnings, insider trades and deals, explained in plain English with links to the source documents.
SEC Filings
The Chart allocation is preliminary, with $5.92 billion in intangibles that push amortization to $741 million in 2027.
Markets
Shares fell 7.36% Wednesday after the CEO said AI power backlog carries timing risk, a day after quarterly profit fell by a third.
Earnings
Lorenzo Simonelli points to non-refundable deposits and cancellation penalties, and says power systems are under 20% of total backlog.
Earnings
CEO Lorenzo Simonelli says the goal is up $10 billion in a year and does not rely on space, geothermal or Middle East rebuilding.
Earnings
Revenue rose 14% to $8,025 million, while net income attributable to Baker Hughes fell 33% to $411 million.