Core Insights - Baker Hughes Co. reported third-quarter earnings and revenue that exceeded analyst expectations, driven by strong order activity and performance in its Industrial & Energy Technology division [1][2] Financial Performance - Adjusted earnings per share were $0.68, surpassing the consensus estimate of $0.62 [1] - Revenue increased by 1% year-over-year to $7 billion, exceeding expectations of $6.82 billion [1] - Adjusted EBITDA rose by 2% to $1.24 billion [2] - Operating cash flow amounted to $929 million [2] Order Activity - The IET segment secured over $4 billion in orders, marking only the third occurrence of this milestone in company history [2] - The book-to-bill ratio was 1.2, indicating sustained order momentum [2] - Remaining performance obligations increased to $35.3 billion, with a record $32.1 billion associated with the IET segment [2]