Discontinued — last reported Q2 '23
Business Segments · Restructuring Charges
Turbomachineryand Process Solutions — Restructuring Charges
Baker Hughes Turbomachineryand Process Solutions — Restructuring 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 2016
Last reportedQ2 2023
Rolls up toRestructuring Charges
How to read this metric
High charges indicate significant operational shifts or cost-cutting initiatives, which may lead to improved future margins.
Detailed definition
Costs incurred by the Turbomachinery and Process Solutions segment related to organizational changes, such as workforce...
Peer comparison
Commonly reported as 'Special Items' or 'Restructuring Costs' in segment performance analysis.
Metric ID:
bkr_segment_turbomachineryand_process_solutions_restructuring_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 charges?
- Baker Hughes (BKR) reported turbomachineryand process solutions — restructuring charges of $52.00M in Q2 2023.
- How has Baker Hughes's turbomachineryand process solutions — restructuring charges changed year-over-year?
- Baker Hughes's turbomachineryand process solutions — restructuring charges increased by 1200.0% year-over-year, from $4.00M to $52.00M.
- What does turbomachineryand process solutions — restructuring charges mean?
- One-time expenses related to reorganizing or downsizing the Turbomachinery and Process Solutions segment.