Baker Hughes (BKR) Revenue — Quarter Ended Sep 30, 2024
Revenue for the quarter rose compared to the same period a year earlier but fell from the immediately preceding quarter. The year-over-year increase was supported by higher goods sales, while services sales declined.
Key takeaway
Quarter ended Sep 30, 2024 · FY2024 Q3
Revenue for the quarter rose compared to the same period a year earlier but fell from the immediately preceding quarter. The year-over-year increase was supported by higher goods sales, while services sales declined.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$6.9B
Revenue reported for this quarter.
Quarter-over-quarter
-3.2%
Change from the immediately preceding quarter.
Year-over-year
+4.0%
Change from the comparable year-ago quarter.
Trailing four quarters
$27.3B
Sum of the latest four reported quarters.
Quarterly revenue trend
The latest four reported quarters with year-over-year comparisons.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Dec 31, 2023 | $6.8B | +15.7% |
| Mar 31, 2024 | $6.4B | +12.3% |
| Jun 30, 2024 | $7.1B | +13.0% |
| Sep 30, 2024 | $6.9B | +4.0% |
Revenue performance
The company reported a year-over-year revenue increase, with goods sales growing and services sales contracting.
Quarterly comparison
Sequentially, revenue decreased from the prior quarter, while on an annual basis, revenue improved compared to the same quarter last year.
What to watch
The sequential revenue decline, following a period of growth, may be a point to monitor in future filings.