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November 23, 2009 10:17 PM ET

Baker Hughes Incorporated

(BHI:NYSE)

LAST $40.97 USD
CHANGE TODAY +0.48 1.19%
VOLUME 5.6M
As of 4:00 PM 11/23/09 All times are local (Market data by Reuters is delayed by at least 15 minutes).

Snapshot of Baker Hughes Incorporated (BHI)

OPEN
$41.52
PREVIOUS CLOSE
$40.49
DAY HIGH
$42.19
DAY LOW
$40.68
52 WEEK HIGH
10/21/09 - $48.19
52 WEEK LOW
12/5/08 - $24.40
MARKET CAP
12.7B
AVERAGE VOLUME 3 mo
5.4M
DILUTED EPS TTM
$2.50
SHARES OUTSTANDING
309.9M
EX-DATE
10/29/09
P/E TTM
16.4x
DIVIDEND
$0.60
DIVIDEND YIELD
1.46%
K = Thousands  M = Millions  B = Billions

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BHI Details

Baker Hughes Incorporated supplies wellbore related products and technology services, and systems for drilling, formation evaluation, completion and production, and reservoir technology and consulting to the oil and natural gas industry worldwide. It operates in two segments, Drilling and Evaluation, and Completion and Production. The Drilling and Evaluation segment provides products and services used to drill and evaluate oil and natural gas wells. It provides drilling and completion fluids, and fluids environmental services; Tricone roller cone bits and fixed-cutter polycrystalline diamond compact bits; directional drilling services; measurement-while-drilling and logging-while-drilling services; wireline formation evaluation, and completion and production services; and reservoir technology and consulting services. The Completion and Production segment provides products and services used in the completion and production phase of oil and natural gas wells. It primarily offers wellbore construction, cased-hole completions, sand control, and wellbore intervention solutions. This segment also offers oilfield chemical programs for drilling, well stimulation, production, pipeline transportation, and maintenance programs; various process and water treatment programs, and finished fuel additives for the refining industry; and a range of products and services for the pipeline transportation industry. In addition, it provides electrical submersible pump systems and progressing cavity pump systems, as well as permanent monitoring systems and chemical automation systems. Baker Hughes offers its products primarily through its sales organizations, as well as through independent distributors, agents, licensees, or sales representatives. The company was founded in 1972 and is headquartered in Houston, Texas.

BHI Top Compensated Officers

Executive Chairman, Chief Executive Officer, ...
Age: 56
Total Annual Compensation: $1.2M
Chief Financial Officer and Senior Vice Presi...
Age: 51
Total Annual Compensation: $568.0K
Chief Operating Officer and Senior Vice Presi...
Age: 49
Total Annual Compensation: $450.0K
Senior Vice President and General Counsel
Age: 57
Total Annual Compensation: $473.0K
Compensation as of Fiscal Year 2008.

Key developments for Baker Hughes Incorporated (BHI)

Baker Hughes Incorporated expected to Report Fiscal Year 2009 Results on January 25, 2010. This event was calculated by Capital IQ (Created on November 5, 2009).

Baker Hughes Incorporated expected to Report Fiscal Year 2009 Results on January 25, 2010. This event was calculated by Capital IQ (Created on November 5, 2009).

Baker Hughes Incorporated Announces Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2009

Baker Hughes Incorporated announced unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2009. For the quarter, the company reported net income was $55 million or $0.18 per diluted share compared to $429 million or $1.39 per diluted share for the third quarter 2008 and $87 million or $0.28 per diluted share for the second quarter 2009. Revenue was $2.23 billion, down 26% compared to $3.01 billion for the third quarter 2008 and down 4% compared to $2.34 billion for the second quarter 2009. Operating income was $111 million compared to $601 for the same period a year ago. Income before income taxes was $83 million compared to $590 million for the same period a year ago. Capital expenditures were $222 million compared to $301 million for the same period a year ago. Earnings before interest expense and taxes was $112 million compared to $611 million for the same period a year ago. Earnings before interest expense, taxes, depreciation and amortization was $289 million compared to $769 million for the same period a year ago. For the nine months, the company reported net income of $337 million or $1.09 per diluted share on total revenue of $7,236 million compared to net income of $1,203 million or $3.89 per diluted share on total revenue of $8,678 million for the same period a year ago. Operating income was $582 million compared to $1,712 million for the same period a year ago. Income before income taxes was $489 million compared to $1,710 million for the same period a year ago. Capital expenditures were $794 million compared to $840 million for the same period a year ago.

Baker Hughes Incorporated Reports Cash Flow for the Third Quarter of 2009; Provides Capital Expenditure Guidance for the Full Year 2009

Baker Hughes Incorporated reported cash flow for the third quarter of 2009. For the quarter, the company generated free cash flow before dividends of about $500 million and net debt of $319 million. For the full year 2009, the company's capital expenditure is still expected to be $1.1 billion.

BusinessWeek Rankings

BusinessWeek 50
2006  #21

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BHI Competitors

Company Last Change
Jacobs Engineering Group Inc $36.42 USD -0.17
Smith International Inc $27.19 USD +0.22
Technip €48.77 EUR +0.88
Weatherford International Ltd $16.30 USD -0.63
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Industry Analysis

Valuation BHI Industry Range
Price/Earnings 16.3x
Price/Sales 1.2x
Price/Book 1.7x
Price/Cash Flow 16.3x
TEV/Sales 0.9x

BHI

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BHI transactions

Type
Date
Target
Bankruptcy
October 28, 2009
Rancher Energy Corp.
Merger/Acquisition
August 30, 2009
BJ Services Company
View More BHI Transactions...

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