Acquisition StrategyBaker Hughes' acquisition of Chart expands and complements its Industrial Energy & Technology segment, which enhances long-term growth, margins, and earnings durability.
Financial PerformanceBKR raised its FY25 IET guide for revenues and EBITDA, contributing to a record $31.3B backlog.
Market PerformanceWithin the OFSE segment, BKR is expected to outperform the broader activity market despite softening D&C activity in U.S. Land.