secwatch.observer — SEC 8-K summary
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Issuer:     Weatherford International plc (WFRD)
CIK:        0001603923
Form:       8-K
Filed at:   2023-02-07T23:59:59+00:00
Accession:  0001603923-23-000062
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Weatherford Q4 rev $1.21B (+25% YoY); net income $72M; guides 2023 rev up low-double-digit to mid-teens
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- Q4 revenue $1,209M, up 8% QoQ and 25% YoY; full-year revenue $4,331M, up 19% YoY.
- Q4 operating income $169M (+412% YoY); full-year net income $26M vs net loss $450M in 2021.
- Q4 adjusted EBITDA $266M (22.0% margin), highest in >12 years; full-year adjusted EBITDA $817M (+43% YoY).
- Free cash flow $171M in Q4; full-year FCF $299M; debt repayments of $214M through Jan 2023.
- 2023 guidance: revenue growth low-double-digit to mid-teens; EBITDA margin expansion at least 100 bps.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1603923/000160392323000062/0001603923-23-000062-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1603923/000160392323000062/wfrd-20230207.htm
  HTML page:      https://secwatch.observer/filing/0001603923-23-000062

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