How Were BHGE and NOV’s Earnings in 1Q18?

In this part, we’ll analyze the 1Q18 net income for Baker Hughes, a GE Company (BHGE), and National Oilwell Varco (NOV). In 1Q18, Baker Hughes’s reported net income was $70 million—126% higher compared to the net income in 4Q17. The comparable net income figure in 1Q17 wasn’t available. In 1Q18, Baker Hughes’ss net income was impacted by various charges including $162 million in restructuring, impairment, and other charges, $46 million in merger and related costs, and a $61 million inventory impairment charge.