secwatch.observer — SEC 8-K summary
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Issuer:     Weatherford International plc (WFRD)
CIK:        0001603923
Form:       8-K
Filed at:   2022-10-25T23:59:59+00:00
Accession:  0001603923-22-000110
Event type: earnings
Sentiment:  positive
Materiality: 0.78
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Weatherford Q3 revenue $1.12B, net income $28M; adj. EBITDA margin 19.1%, FCF $133M
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- Q3 revenue $1,120M (+5% seq, +19% YoY); net income $28M vs $6M in Q2 and -$95M in Q3 2021.
- Adjusted EBITDA $214M (19.1% margin, +160bps seq); operating income $121M.
- Free cash flow $133M, up $74M sequentially on higher margins and working capital efficiency.
- Redeemed $50M of 11% notes in Aug; issued notice to redeem additional $125M in Nov.
- Full-year 2022 revenue now expected to grow high-teens YoY; EBITDA margins to expand >200bps YoY.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1603923/000160392322000110/0001603923-22-000110-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1603923/000160392322000110/wfrd-20221025.htm
  HTML page:      https://secwatch.observer/filing/0001603923-22-000110

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