How did Baker Hughes' revenue and expenses trend in Q4 2024?

Baker Hughes' revenue and expenses in Q4 2024 showed a positive trend with the company reporting strong financial performance:

1. Revenue Trend: Baker Hughes' total revenue for Q4 2024 was $7.36 billion. Although no growth rates were reported for revenue, gross margin, or operating cash flow in Q4 2024, the company's revenue exceeded expectations, indicating robust growth beyond the liquefied natural gas (LNG) market.
2. Gross Profit Trend: The company's gross margin was 20.99%, which suggests that Baker Hughes maintained a healthy profit margin despite the competitive energy market.
3. Operating Cash Flow Trend: Baker Hughes' operating cash flow for Q4 2024 was $1.19 billion. The company's ability to generate cash from its operations is a positive sign, indicating efficient management of its resources.
4. Market Position and Growth Strategies: Baker Hughes has been actively pursuing strategies to strengthen its market position and drive long-term growth. The company's Gas Tech Services (GTS) division is expected to be a key driver of future expansion, leveraging the grow in demand for liquefied natural gas (LNG) and new energy sectors.

Overall, Baker Hughes demonstrated strong financial performance in Q4 2024, with revenue exceeding expectations and a healthy gross margin. The company's focus on strategic expansion and technological innovation positions it well for future growth.