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Thursday, March 10, 2011

Baker Hughes eyes full margin recovery in 2012, (NYSE: BHI)

Baker Hughes Inc (BHI.N), the third-largest oilfield services company, sees the potential for surpassing the industry standard for profit margins outside North America as it looks at 2012 and beyond. Chief Executive Chad Deaton said Baker Hughes margins were competitive internationally two years ago, before the company put in place a major restructuring of its business. "You could argue that under a new, improved structure ... we should not only be competitive, but you should expect we'd be better," Deaton told analysts at a meeting in Houston on Thursday.

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