earnings
confidence high
sentiment neutral
materiality 0.70
Weatherford Q1 rev $938M (+13% YoY); adj EBITDA $151M (16% margin); net loss $80M
Weatherford International plc
2022-Q1 EPS reported
-$1.14
revenue$938,000,000
- Revenue $938M (+13% YoY); operating income $18M vs loss $13M YoY; net loss $80M vs loss $116M YoY.
- Adj EBITDA $151M (+48% YoY) at 16% margin; cash used ops $64M; free cash flow -$64M on working capital.
- Segment rev: DRE $292M (+24% YoY), WCC $344M (+7%), PRI $286M (+10%).
- Restructuring charges $20M; other charges $19M from write-down of Ukraine assets.
- Ending cash $1.1B, down $57M sequentially; no new guidance provided.