secwatch.observer — SEC 8-K summary
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Issuer:     Weatherford International plc (WFRD)
CIK:        0001603923
Form:       8-K
Filed at:   2022-04-27T23:59:59+00:00
Accession:  0001603923-22-000067
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Weatherford Q1 rev $938M (+13% YoY); adj EBITDA $151M (16% margin); net loss $80M
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1603923/000160392322000067/0001603923-22-000067-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1603923/000160392322000067/wfrd-20220427.htm
  HTML page:      https://secwatch.observer/filing/0001603923-22-000067

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer