Item 2.02 Results of Operations and Financial Condition.
On October 22, 2008, the Company issued a news release announcing its financial
results for the third quarter ended September 30, 2008, a copy of which is
furnished with this Form 8-K as Exhibit 99.1 and incorporated herein by
reference. In accordance with General Instructions B.2. of Form 8-K, the
information shall not be deemed "filed" for purposes of Section 18 of the
Securities Exchange Act of 1934, as amended, nor shall it be deemed incorporated
by reference in any filing under the Securities Act of 1933, as amended, except
as shall be expressly set forth by specific reference in such a filing.
Following the issuance of the news release and the filing of this Current Report
on Form 8-K, the Company has scheduled a conference call to discuss the results
of today's earnings announcement. The call will begin at 8:30 a.m. Eastern time,
7:30 a.m. Central time, on Wednesday, October 22, 2008. To access the call,
which is open to the public, please contact the conference call operator at
(800) 374-2469, or (706) 634-7270 for international callers, 20 minutes prior to
the scheduled start time, and ask for the "Baker Hughes Conference Call." A
replay will be available through Wednesday, November 5, 2008. The number for the
replay is (800) 642-1687, or (706) 645-9291 for international callers, and the
access code is 49306924. The call and replay will also be web cast on
www.bakerhughes.com/investor.
In addition to financial results determined in accordance with generally
accepted accounting principles ("GAAP") that were included in the news release,
certain information discussed in the news release and to be discussed on the
conference call could be considered non-GAAP financial measures (as defined
under the SEC's Regulation G). Any non-GAAP financial measures should be
considered in addition to, and not as an alternative for, or superior to, net
income (loss), income (loss) from continuing operations, cash flows or other
measures of financial performance prepared in accordance with GAAP as more fully
discussed in the Company's financial statements and filings with the SEC.
Reconciliations of such non-GAAP information to the closest GAAP measures are
included in the news release and can be found on the Company's website at
www.bakerhughes.com/investor in the Financial Information section under the
heading "Impact of Non-Operational Items" and in the applicable earnings
releases under the "Earnings Releases" heading.
Item 7.01 Regulation FD Disclosure.
On October 22, 2008, the Company issued a news release announcing its financial
results for the third quarter ended September 30, 2008, a copy of which is
furnished with this Form 8-K as Exhibit 99.1 and incorporated into this
Item 7.01 by reference. In accordance with General Instructions B.2. of Form
8-K, the information shall not be deemed "filed" for purposes of Section 18 of
the Securities Exchange Act of 1934, as amended, nor shall it be deemed
incorporated by reference in any filing under the
Securities Act of 1933, as amended, except as shall be expressly set forth by
specific reference in such a filing.
Also, see Item 2.02, "Results of Operations and Financial Condition."
Item 9.01 Financial Statements and Exhibits.
(c) Exhibits.
99.1- News Release of Baker Hughes Incorporated dated October 22, 2008.