Discontinued — last reported Q2 '23
Business Segments · Restructuring and impairment charges
Turbomachineryand Process Solutions — Restructuring and impairment charges
Baker Hughes Turbomachineryand Process Solutions — Restructuring and impairment charges increased by 271.4% to $52.00M in Q2 2023 compared to the prior quarter. Year-over-year, this metric grew by 1200.0%, from $4.00M to $52.00M. This increase may warrant attention — for this metric, lower values are generally preferred.
Analysis
StatementSegment
CategoryEfficiency
SignalLower is better
VolatilityVolatile
First reportedQ1 2017
Last reportedQ2 2023
Rolls up toRestructuring Charges
How to read this metric
High charges indicate significant operational pivots or cost-cutting measures, which may improve future margins but signal current distress.
Detailed definition
This metric quantifies the costs incurred by the Turbomachinery and Process Solutions segment related to organizational...
Peer comparison
Comparable to 'restructuring charges' or 'special items' reported by industrial companies undergoing operational transformation.
Metric ID:
bkr_segment_turbomachinery_process_solutions_restructuring_and_impairment_chargesHistorical Data
7 periods
| Q2 '21 | Q3 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q1 '23 | Q2 '23 | |
|---|---|---|---|---|---|---|---|
| Value | $6.00M | -$3.00M | -$1.00M | $4.00M | $6.00M | $14.00M | $52.00M |
| QoQ Change | — | -150.0% | +66.7% | +500.0% | +50.0% | +133.3% | +271.4% |
| YoY Change | — | — | — | -33.3% | +300.0% | >999% | >999% |
Range-$3.00M – $52.00M
CAGR+321.9%
Avg YoY Growth+741.7%
Median YoY Growth+750.0%
Current Streak5 quarters growth
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Frequently Asked Questions
- What is Baker Hughes's turbomachineryand process solutions — restructuring and impairment charges?
- Baker Hughes (BKR) reported turbomachineryand process solutions — restructuring and impairment charges of $52.00M in Q2 2023.
- How has Baker Hughes's turbomachineryand process solutions — restructuring and impairment charges changed year-over-year?
- Baker Hughes's turbomachineryand process solutions — restructuring and impairment charges increased by 1200.0% year-over-year, from $4.00M to $52.00M.
- What does turbomachineryand process solutions — restructuring and impairment charges mean?
- The total expenses recognized for reorganizing the business or writing down the value of assets within this segment.