BRIEF-Baker Hughes Expects Restructuring And Separation Charges To Taper Off Through 2H21 - Conf Call

Reuters2021-07-21

July 21 (Reuters) - Baker Hughes Co :

* BAKER HUGHES SAYS IN 2H21 & INTO 2022, SEE CONTINUED SIGNS OF GLOBAL ECONOMIC RECOVERY THAT SHOULD DRIVE DEMAND GROWTH FOR OIL AND NATURAL GAS - CONF CALL

* BAKER HUGHES SAYS MAINTAIN POSITIVE LONG-TERM OUTLOOK FOR NATURAL GAS AND LNG - CONF CALL

* BAKER HUGHES SAYS OUTLOOK IN OILFIELD SERVICES FOR THE SECOND HALF OF THE YEAR CONTINUES TO IMPROVE- CONF CALL

* BAKER HUGHES EXPECTS INTERNATIONAL ACTIVITY TO GAIN MOMENTUM OVER THE SECOND HALF OF THE YEAR AND LAY THE FOUNDATION FOR GROWTH IN 2022- CONF CALL

* BAKER HUGHES SAYS IN NORTH AMERICA EXPECT TO SEE ADDITIONAL GROWTH OVER THE SECOND HALF OF THE YEAR- CONF CALL

* BAKER HUGH ES SAYS FOR OILFIELD EQUIPMENT, IT WILL BE DIFFICULT TO ACHIEVE AND SUSTAIN 2019 ORDER LEVELS IN COMING YEARS- CONF CALL

* BAKER HUGHES EXPECTS TO SEE RESTRUCTURING AND SEPARATION CHARGES TAPER OFF THROUGH THE SECOND HALF OF THE YEAR - CONF CALL

* BAKER HUGHES EXPECTS SEQUENTIAL REVENUE GROWTH FOR OFS IN Q3 TO BE SIMILAR TO Q2- CONF CALL

* BAKER HUGHES EXPECTS OFS REVENUE TO BE DOWN SLIGHTLY YEAR-OVER-YEAR WITH NORTH AMERICAN REVENUES ROUGHLY FLAT AND INTERNATIONAL REVENUE DOWN MID-SINGLE DIGITS- CONF CALL

* BAKER HUGHES SAYS Q3 OILFIELD EQUIPMENT REVENUE TO DECREASE SEQUENTIALLY DRIVEN BY LOWER SPS AND FLEXIBLES BACKLOG CONVERSION- CONF CALL

* BAKER HUGHES SAYS FY21 OILFIELD EQUIPMENT REVENUE TO BE DOWN DOUBLE DIGITS ON A YEAR-OVER-YEAR BASIS DUE TO THE LOWER ORDER INTAKE IN 2020 - CONF CALL

* BAKER HUGHES SAYS Q3 TPS REVENUE TO INCREASE MODESTLY ON A SEQUENTIAL BASIS BASED ON EXPECTED EQUIPMENT BACKLOG CONVERSION - CONF CALL

* BAKER HUGHES CO - FOR FY 2021 TPS TO GENERATE STRONG DOUBLE-DIGIT YOY REVENUE GROWTH DRIVEN BY EQUIPMENT BACKLOG CONVERSION AND GROWTH IN TPS SERVICES - CONF CALL

* BAKER HUGHES EXPECTS Q3 DIGITAL SOLUTIONS REVENUE GROWTH AND OPERATING MARGIN RATES BACK INTO THE HIGH SINGLE DIGITS - CONF CALL

* BAKER HUGHES SAYS FOR FY21 DIGITAL SOLUTIONS REVENUE GROWTH TO BE MODEST ON A YEAR-OVER-YEAR BASIS- CONF CALL

* BAKER HUGHES SAYS GROWTH IN INTERNATIONAL OFS IN SECOND HALF OF THE YEAR COULD BE IN HIGH SINGLE DIGITS OR LOW DOUBLE DIGITS ON YEAR-OVER-YEAR BASIS- CONF CALL

* BAKER HUGHES SAYS IN NORTH AMERICA, RIG COUNT TO CONTINUE TO TREND A LITTLE HIGHER OVER 2H, ADDING ADDITIONAL 50 RIGS OR SO BY THE END OF THE YEAR- CONF CALL

n the oilfield services sector, Simonelli anticipates high single-digit to low double-digit growth in international markets in the second half of the year Source: Q2 Conference Call Further company coverage:

((Reuters.Briefs@thomsonreuters.com;))

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  • GohHW
    2021-07-21
    GohHW
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