secwatch.observer — SEC 8-K summary
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Issuer:     Weatherford International plc (WFRD)
CIK:        0001603923
Form:       8-K
Filed at:   2022-07-27T23:59:59+00:00
Accession:  0001603923-22-000091
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Weatherford Q2 revenue $1,064M (+13% seq); net income $6M; raises FY outlook to mid-teens growth
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- Revenue $1,064M (+13% seq, +18% YoY); operating income $104M vs $18M in Q1; net income $6M vs net loss $80M.
- Adjusted EBITDA $186M (17.5% margin), up 23% seq; free cash flow $59M, improvement of $123M from Q1.
- Raised full-year 2022 revenue outlook to mid-teens growth YoY from prior expectations.
- Desmond Mills named interim CFO effective Aug 1, 2022, replacing H. Keith Jennings who departs July 31.
- Issued notice to redeem $50M of 11% senior unsecured notes on Aug 10, 2022.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1603923/000160392322000091/0001603923-22-000091-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1603923/000160392322000091/wfrd-20220725.htm
  HTML page:      https://secwatch.observer/filing/0001603923-22-000091

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