Discontinued — last reported Q3 '22
Business Segments · Restructuring Charges
Oilfield Equipment — Restructuring Charges
Baker Hughes Oilfield Equipment — Restructuring Charges increased by 1966.7% to $62.00M in Q3 2022 compared to the prior quarter. This increase may warrant attention — for this metric, lower values are generally preferred.
Analysis
StatementSegment
CategoryEfficiency
SignalLower is better
VolatilityVolatile
First reportedQ1 2016
Last reportedQ3 2022
Rolls up toRestructuring Charges
How to read this metric
High charges indicate significant organizational change, which may lead to future margin improvements but impact short-term earnings.
Detailed definition
These are costs incurred to reorganize the Oilfield Equipment segment's operations, including severance, facility closur...
Peer comparison
Commonly reported by industrial peers undergoing cyclical adjustments or cost-reduction initiatives.
Metric ID:
bkr_segment_oilfield_equipment_restructuring_chargesHistorical Data
3 periods
| Q2 '21 | Q3 '21 | Q3 '22 | |
|---|---|---|---|
| Value | $0.00 | $3.00M | $62.00M |
| QoQ Change | — | — | >999% |
| YoY Change | — | — | >999% |
Range$0.00 – $62.00M
Avg YoY Growth>999%
Median YoY Growth>999%
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Frequently Asked Questions
- What is Baker Hughes's oilfield equipment — restructuring charges?
- Baker Hughes (BKR) reported oilfield equipment — restructuring charges of $62.00M in Q3 2022.
- What does oilfield equipment — restructuring charges mean?
- One-time expenses related to reorganizing or downsizing the Oilfield Equipment segment's operations.