secwatch.observer — SEC 8-K summary
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Issuer:     Weatherford International plc (WFRD)
CIK:        0001603923
Form:       8-K
Filed at:   2023-04-25T23:59:59+00:00
Accession:  0001603923-23-000099
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Weatherford Q1 revenue up 26% YoY to $1.186B; net income $72M, up 190%
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- Revenue $1,186M (+26% YoY); operating income $185M (+928% YoY); net income $72M (+190% YoY).
- Adjusted EBITDA $269M (+78% YoY); margin 22.7%. Cash from ops $84M; adj. free cash flow $27M.
- Repaid/redeemed $62M of senior notes in Q1; notice to redeem remaining $105M of 11% notes due 2024.
- Over $1.2B in global commercial wins; launched new technology offerings in all three segments.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1603923/000160392323000099/0001603923-23-000099-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1603923/000160392323000099/wfrd-20230425.htm
  HTML page:      https://secwatch.observer/filing/0001603923-23-000099

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