secwatch.observer — SEC 8-K summary
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Issuer:     Weatherford International plc (WFRD)
CIK:        0001603923
Form:       8-K
Filed at:   2024-02-06T23:59:59+00:00
Accession:  0001603923-24-000040
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 3.02, 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Weatherford Q4 rev $1.36B (+13% YoY); net income $140M (+94%); closes acquisitions of ISI and Probe
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- Q4 revenue $1,362M (+13% YoY); net income $140M (+94%); full year revenue $5,135M (+19%).
- Q4 adjusted EBITDA $321M (23.6% margin); full year adjusted EBITDA $1,186M (23.1% margin, highest in 15 yrs).
- Q4 operating cash flow $375M; adjusted free cash flow $315M; full year operating cash flow $832M.
- Closed acquisitions of ISI Holding and Probe Technologies for 844,702 shares plus $6M cash; earn-out up to 30,298 shares and $12M.
- EVP Charles Davison and CPO Joseph Mongrain depart effective Feb 6, 2024; receive benefits under existing plans.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1603923/000160392324000040/0001603923-24-000040-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1603923/000160392324000040/wfrd-20240201.htm
  HTML page:      https://secwatch.observer/filing/0001603923-24-000040

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