Baker Hughes Co-A：所有部门均表现出色

Investment Rating - The investment rating for Baker Hughes is "Outperform" based on the expected performance relative to the market benchmark [3][23]. Core Insights - Baker Hughes reported an adjusted net EBITDA of $1.13 billion for Q2 2024, exceeding market expectations and guidance [1][33]. - The company raised its revenue guidance for FY 2024 to a midpoint increase of 5%, with previous revenue guidance set at$ 26.5-28.5 billion [1][33]. - The overall revenue for Q2 2024 was $7.14 billion, reflecting a 13% year-over-year increase, driven by strong performance across all segments, particularly in the Industrial and Energy Technology sector, which grew by 59% [1][33][34]. Summary by Sections Financial Performance - For Q2 2024, total revenue was$ 7.14 billion, up 13% year-over-year, with adjusted EBITDA at $1.13 billion, a 25% increase from the previous year [21][33]. - The EBITDA margin for Q2 2024 was reported at 15.8%, aligning with market expectations [1][33]. Segment Performance - The Oilfield Services and Equipment segment generated revenue of$ 4.01 billion, a 3% increase year-over-year, with an EBITDA margin of 17.9% [19][21]. - The Industrial and Energy Technology segment reported revenue of $3.13 billion, a 28% increase year-over-year, with an EBITDA margin of 15.9% [34]. Guidance and Expectations - The company has not provided specific tax rate guidance for FY 2024, which is expected to be in the range of 27-32% [1]. - The overall positive performance and raised guidance suggest a favorable outlook for Baker Hughes in the upcoming quarters [1][33].