Acquisition BenefitsThe acquisition of Continental Disc contributed to an estimated 1/4 of the upgrade to IET EBITDA.
Long-Term GrowthThe pending GTLS acquisition is viewed positively, aligning with BKR's shift towards higher-margin life-cycle based revenues, reducing cyclicality, and supporting long-term earnings growth.
Market ExpansionBaker Hughes' acquisition of Chart expands and complements its Industrial Energy & Technology segment, which enhances long-term growth, margins, and earnings durability.