2024-01-24 13:00:04 ET
Baker Hughes Company (BKR)
Q4 2023 Earnings Conference Call
January 24, 2024 09:30 ET
Company Participants
Chase Mulvehill - Vice President, Investor Relations
Lorenzo Simonelli - Chairman and Chief Executive Officer
Nancy Buese - Chief Financial Officer
Conference Call Participants
James West - Evercore ISI
Luke Lemoine - Piper Sandler
Arun Jayaram - JPMorgan
Saurabh Pant - Bank of America
Scott Gruber - Citigroup
Marc Bianchi - TD Cowen
Presentation
Operator
Good day, ladies and gentlemen and welcome to the Baker Hughes Company Fourth Quarter 2023 Earnings Call. [Operator Instructions] As a reminder, this conference call is being recorded. I would now like to introduce your host for today’s conference, Mr. Chase Mulvehill, Vice President of Investor Relations. Sir, you may begin.
Chase Mulvehill
Thank you. Good morning, everyone and welcome to Baker Hughes fourth quarter and full year 2023 earnings conference call. Here with me are our Chairman and CEO, Lorenzo Simonelli; and our CFO, Nancy Buese. The earnings release we issued yesterday evening can be found on our website at bakerhughes.com. We will also be using a presentation with our prepared remarks during this webcast, which can also be found on our investor website.
As a reminder, during the course of this conference call, we will provide forward-looking statements. These statements are not guarantees of future performance and involve a number of risks and assumptions. Please review our SEC filings and website for factors that could cause actual results to differ materially. Reconciliations of operating income and other GAAP to non-GAAP measures can be found in our earnings release.
With that, I’ll turn the call over to Lorenzo.
Lorenzo Simonelli
Thank you, Chase. Good morning, everyone and thanks for joining us. 2023 proved to be a pivotal year for Baker Hughes as we continue our journey to reshape the company. We successfully removed $150 million of costs, realigned our IET business and recently launched actions to further streamline our OFSE business. Our strategy to transform the way we operate is working....
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Baker Hughes Company (BKR) Q4 2023 Earnings Call Transcript